Accounting at West Suffolk College

26/07/2021

L4 Business Tax students: don't read this (it'll make you cross!)

Draft legislation will be included in Finance Bill 2022 to abolish ba

16/07/2021

An accountant who fraudulently claimed over £6,000 in expenses has been excluded from his firm, fined £10,000 and charged costs of £10,723. Another of example of ethics being so important!

As reported in

13/07/2021

The fraudster (a 32-year old book-keeper) lived a jet-set life, travelling to Mauritius and holidaying in India and China, spending £149,000 on flights and £411,000 on luxury cars...

Veeksh*t Ramoo was found guilty this month for submitting false VAT repayment cl

10/07/2021

Those studying business tax will be enjoying the section on IR35. Here's a recent update highlighting how it works.

In all IR35 cases, the court must examine the hypothetical contract between the worker and the engager (end-client) to determine whether the relationship ign

23/06/2021

We've talked about risk management recently, but what about risks with unknown likelihoods or unknown impacts? These could carry small signals, forecasting larger, more unpredictable disasters and they're known as frontier risks.

Read more here...

Frontier risks are characterized by unknown likelihood/unknown impacts – they may carry small signals, forecasting larger, more unpredictable disasters.

22/06/2021

An interesting one for those looking at liquidity, perhaps with reference to L4 synoptic.

Companies that rely on predictable supply and demand chains carry high cash reserves to provide liquidity to their network, thus de-risking and improving their chances of survival.

Managing Liquidity in Production Networks: The Role of Central Firms May 22, 2021 Managing Liquidity in Production Networks: The Role of Central Firms Janet Gao Review of Finance, Volume 25, Issue 3, May 2021, Pages 819–861, https://doi.org/10.1093/rof/rfaa025 In the U.S. economy, firms are closel...

18/06/2021

A 204% penalty and "a frolic of his own"...
"Accountant not guilty of VAT fraud"

In the case of Shaneika Clarke (TC8133), HMRC raised an assessment for £37,228 in re

18/06/2021

A potentially useful AAT webinar for those approaching an EPA.

Wednesday 30th June at 1230.

24/05/2021

A new chief exec for AAT, Sarah Beale, currently CEO of CITB (the Construction Industry Training Board)

The Association of Accounting Technicians (AAT) website with information about the Association, benefits of membership, and student information.

07/05/2021

Now didn't I mention that IR35 was topical and would cause some interest...?

Gary Lineker, best known for hosting BBC’s Match of the Day and BT Sport’s UEFA Champions League coverage, is t

28/04/2021

After accruals come prepayments, so here's the second video that might help with that section of AVBK.