10 things we learnt this week: 11 March 2016
A round-up of recent top content you may have missed from CA Today.
1. Tax avoidance and evasion are expected to feature strongly in next week's Budget
Chancellor George Osborne is expected to get tougher on tax avoidance and evasion in next week's Budget to reduce the UK's tax gap. Donald Drysdale outlines some of the expected new measures, including tougher penalties and an extension of naming and shaming.
2. KPMG named Blair Nimmo CA as the new Head of Restructuring
Blair Nimmo CA has taken over from Mark Firmin as the new UK Head of Restructuring at KPMG.
He was previously head of restructuring in Scotland and has worked on high profile insolvency cases including Ferguson Shipbuilders.
3. Most of the UK's young entrepreneurs are women
Over half (59%) of the UK’s entrepreneurs under the age of 35 are women, a new report by HSBC Private Bank has revealed. In contrast, just 16 per cent of UK entrepreneurs over the age of 55 are women.
4. Restructuring is the top priority for 9 in 10 companies this year
Organisational design was rated as the top trend in Deloitte’s Global Human Capital Trends 2016 survey by 92% of executives, with many companies moving towards flatter, cross-functional team structures over traditional hierarchies.
5. PwC appointed a new global Chairman
Robert E. Moritz has been selected as the new global Chairman of PwC. Mr Moritz, who was previously Chairman and Senior Partner of PwC US, will begin his four-year term in July this year and will succeed Dennis Nally.
6. There is a high demand for specialist accountants and finance professionals
Accounting and finance professionals with specialist skills are increasingly sought after in the job market. Qualified accountants coming out of practice and into commerce are also heavily in demand.
7. Successful CEOs share nine key attributes
Every individual brings their own unique perspective to a business, and CEOs are no exception. Nicola Sinclair finds out the secrets to being successful at the very top of the business ladder.
8. ICAS celebrated International Women's Day
Less than 100 years ago, in 1923, Isobel Guthrie became the first female member of ICAS and, in fact, the first woman to be a chartered accountant in the UK. Now current records show that 33% of ICAS members are women and 41% of the student body is female.
9. Housing policy objectives remain 'inexplicably convoluted'
In his Autumn Statement last November, George Osborne referred to “a growing crisis of home ownership” and heralded his plan “to back families who aspire to buy their own home”. Donald Drysdale reviews the government's tax and housing policy.
10. Audit committees have a key role in tackling cyber crime
Despite an increased focus on cyber security issues as a critical business priority, many audit committee members are worried not enough attention is being given to improving their board’s oversight of cyber risks.