The week in two minutes: 30 October 2015
A round-up of the top content you may have missed this week from CA Today.
1. The top 30 accountancy firms revealed
Research by The CA magazine has revealed the top 30 UK and Scottish accountancy firms. The Big Four continue to dominate the UK market, controlling around 80 per cent of total market revenues.
2. The UK overtook the US in global business rankings
The UK has climbed to sixth place in the World Bank’s rankings of business-friendly countries for 2016. The ranking puts the UK ahead of the US (7th), Australia (13th), Sweden (8th) and Japan (34th).
3. David and Jennifer are the most popular names for CAs
Research by the CA Today team has revealed that David, John and James top the list of male CA names, while Jennifer, Sarah and Fiona are the most common names for female CAs.
4. New guidance on Gift Aid released by HMRC
HMRC updated its guidance on Gift Aid on 21 October. Individual donors should be aware of unexpected tax demands if their tax is insufficient to cover their Gift Aid donations, and corporate donors should beware of making unlawful distributions to a charity or CASC that owns them.
5. RBS adopts Facebook at work
RBS has struck a deal with Facebook to bring the social networking service to employees at the bank via an in-house business version called ‘Facebook at Work’. The landmark move is aimed at connecting people across the company to increase productivity at all levels
6. KPMG using Formula 1 to transform the future of audit
KPMG is applying the innovation and technology from Formula 1 racing to audit through their new alliance with McLaren Applied Technologies (MAT). The Big Four firm is bringing McLaren's blend of engineering, design and high performance expertise to the audit process.
7. City CEO Helena Morrissey said that balanced boardroom are emerging
Delivering the ICAS Aileen Beattie Memorial Lecture in London on Monday (26 October), Helena Morrissey, CEO of Newton Investment Management, shared her belief that we are now seeing moves towards true gender balance in the workplace.
8. Auto-enrolment deadlines for November
Nearly 100,000 small and micro employers (businesses with less than four staff members) are approaching the date their automatic enrolment duties come into effect. Christine Scott provides an update on the latest resources and tips from The Pensions Regulator.
9. Women's career prospects in accountancy 'improving'
The career prospects for women working in accountancy and finance are improving, according to new research. Over two-thirds (67 per cent) of female finance directors surveyed said there are now more opportunities for women to climb the career ladder in accounting roles.
10. Baker Tilly rebranded as RSM
Accountancy firm Baker Tilly has changed its name to RSM, as part of a global rebrand. The new RSM brand will be rolled out to the firm’s 730 offices in the UK and across 110 countries.