Tax and accountancy specialist Kilsby Williams has announced a major enhancement of its leadership team, doubling its partner group to 11 with six new internal promotions to partner.
Finance
A new report from ACCA delves into the true extent of how bribery and corruption impact SMEs across the world, highlighting the pressing need for enhanced transparency and robust regulatory frameworks.
● 66% of UK finance professionals believe that AI will allow them to add more value in their roles.
● 42% are concerned about the potential impact of AI on their roles in the future – but this is lower than the global average of 51%.
● 71% of finance professionals are keen for more training on AI to better understand it and integrate it into work.
● Businesses urged to take steps to maximise the opportunities of AI and lay foundations for responsible use of new technologies
● AI use in finance must be built on trust in order for it to succeed in rollout and application
Howden, the global insurance intermediary group, has announced the opening of a new office in Cardiff, to support businesses with tailored insurance solutions.
The employer contribution rate for the Teachers’ Pension Scheme (TPS), a defined benefit scheme, has increased by 5% this month.
Professional accountants are especially well-placed to help change the world for the better
• Although accountants have become more positive about the economy for the first time since Q1 2023, concerns about costs persist
• Global concerns about operating costs rose, as did uncertainty around geopolitical tensions and talent acquisition challenges
• UK SMEs have experienced a similar buoying of confidence, but still face a tough economic landscape to navigate
• The deal between UK and Australian audit bodies allows professionally qualified auditors to more easily work in either country.
• With talent in short supply, both countries’ regulators recognise audit professionals should face no boundaries in taking their work overseas.
Quantum Advisory, the leading independent financial services consultancy today urged employers to reevaluate Excepted Group Life Assurance arrangements in the lead up to the abolition of the Lifetime Allowance (LTA) on 6 April, voicing concern that many do not have a full understanding of the potential tax charges going forward.