10 things we learnt this week: 19 February 2016

CA Today
By Isabelle Bell, CA Today

19 February 2016

A round-up of recent top content you may have missed from CA Today.

1. Ireland is the easiest country to do business in, Argentina is the toughest

A global study into business compliance has found that Ireland, Australia and Hong Kong are some of the least complex countries for multinational enterprises to operate in. The UK was named the 21st least complex nation and was praised for upcoming plans to abolish annual returns.

[CA Today]

2. Large businesses and exporters are the most likely to support Britain staying in the EU

Research by the British Chambers of Commerce found that most businesses (59.5%) still support Britain staying in the EU, although support for ‘Brexit’ has climbed by 3%. EU support is strongest among large businesses and exporters, while small and micro-businesses showed the greatest support for Britain leaving the EU.

[CA Today]

3. Pensions are still more tax-efficient than ISAs and buying a house

Pensions are still the most tax-efficient major savings option, according to a new report by the Institute for Fiscal Studies. Buying your own home is also “significantly more tax-advantaged” than buy-to-let investments.

[CA Today]

4. The financial services sector is set for a year of strong growth

Britain’s financial services industry is set for a year of strong growth, despite concerns about China’s economic slowdown and low oil prices, according to the EY ITEM Club. The sector is being boosted by an “across the board” return to growth in borrowing by businesses, consumers and home buyers.

[CA Today]

5. Dame Clara Furse called for a balanced system of regulation

Dame Clara Furse, external member of the Bank of England’s Financial Policy Committee, called for a balanced system of regulation at a recent ICAS event. She said that global financial centres like London are still vitally important, but in order for them to prosper, regulators have to get the balance right between prudence and proportionality.

[CA Today]

6. Skills are more important than education on finance CVs

Finance employers are ten times more likely to look at a candidate’s skills and experience on their CV before their qualifications, a study revealed this week. Companies also said that they review an average of 21 candidates before making an offer for a finance and accounting role.

[CA Today]

7. Accountants should know eight key things about cyber crime

As hackers up their game and attacks become more common, more varied and more sophisticated, Nick Huber investigated the top eight things accountants can do to protect their data and prevent a cyber attack.

[CA Today]

8. There could be turbulent times ahead for wealth management

From interest rate rises to the EU referendum, this year looks set to be a turbulent one for wealth managers. Ian Harper lifted the lid on the nine biggest issues facing the wealth management sector.

[CA Today]

9. ICAS responded to the Government’s plans to implement higher rates of SDLT

The last Autumn Statement announced plans to implement higher rates of Stamp Duty Land Tax (SDLT) from 1 April on purchases of additional residential properties. ICAS has expressed concern that there may be unintended consequences of the proposals.

[ICAS - Tax]

10. Brian Taylor and Merryn Somerset Webb gave their predictions for 2016

Brian Taylor, the BBC’s political editor for Scotland and Merryn Somerset Webb, editor in chief of Money Week magazine, shared their thoughts on what this year holds in store for the economy and political system.

[CA Today]


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