As part of its remit, the ICAS Ethics Board responds to ethics related consultations.
The Director of Taxation is a new post in the Scottish Exchequer
Organisations are increasingly coming under pressure from regulators and other stakeholders to take action to manage and report upon their sustainability risks.
So how can $130.8 million help an organisation the size of the ATO to police a nation of tax agents and taxpayers? Easily, remarked Robyn. “The ATO doesn’t necessarily have to devote labour to these reviews and checks,” she said. “They can use data matching. They build software systems, very sophisticated data matching programmes, then obtain data from third parties and match it up to their data. The system spits out exceptions and anomalies and that report is all they need to tell them where to look.” The ATO can also profile individual tax agents by looking at data such as average deduction claims for clients of a specific agent, average income of an agent’s clients, predominant occupation code of their clients, an agent’s prosecutions and amendments rates, etc. “If any of these are disproportionately higher or lower than other agents then that attracts the ATO’s attention,” she said. “If people are shopping around to find tax agents who will give them better deductions, those agents will be easily identified, and this is a good thing. After all, if everybody paid the correct amount of tax, everybody would pay less tax.”
Emoticons can land you in hot water ☹ if you use them at the wrong time :-o, or sometimes if you use them at all. Are they a vital tool in today’s digital age, or should they be reserved for home-life?
While takeovers are proving lucrative for some, the continuing slump in traditional retail is a cause for concern, says Angus McCrone.
Watch the Q&A from ICAS' inaugural Challenging Conversations event on pensions, chaired by Merryn Somerset Webb and including a panel of leading players from the industry.
Challenging Conversations creates a platform for debate on these important issues, among CAs, with industry and policy makers to tackle the big issues facing society.
Watch the highlights from ICAS' inaugural Challenging Conversations event on pensions, chaired by Merryn Somerset Webb and including a panel of leading players from the industry.
Watch the debate from ICAS' inaugural Challenging Conversations event on pensions, chaired by Merryn Somerset Webb and including a panel of leading players from the industry.
Innes Smith tells Robert Outram about his transition from FD to CEO at Springfield Properties, a company on a mission to build high-quality, affordable housing.
Key issues were discussed at ICAS' May Council meeting in London.
As HMRC report once again on measuring how much tax has not been collected, Donald Drysdale sees the tax gap as a massive cost we cannot afford.
In today's blog, we offer some guidance on TPS terms and the resources available to you. We go back to basics on a materiality introduction for PAR, and advise on how to use the TPS examiner report as well as the verbal feedback service. If you are taking or considering the ITP qualification, we explain how it applies beyond books and uses real-life.
Use our service to shed some light on the tougher elements of ABS
Find out what materials and feedback are available for TPS retakes, and how the examiner’s report is used.
It’s important to know the difference between the International Finance Reporting Standards two volumes – in this article, Subject Controller Ally Millar helps you understand how to use these books for Financial Reporting.
To help with your TPS revision, we've put together a glossary of important terms to use as an aid. A more in-depth guide to common abbreviations and phrases can be found in your course materials.
Materiality is a fundamental concept of the audit process. In reaching an opinion on the financial statements, auditors assess whether there are any material misstatements. This is the first of three back to basics articles looking at materiality and provides an overall introduction of materiality and its purpose for the audit engagement.
Focus on the ITP (ICAS Tax Professional) qualification: Fiona Winter, a director in the CA Education team updates us on the ways in which assessment, particularly the final case study, takes a real-life approach.
A look ahead to some of the things happening in business, accountancy and politics this week - 16 July 2018
David Wood explains the potential impact that the Government’s Brexit White Paper, published on 12 July, will have on the profession.
As the economic and political landscape evolves, we all have an opportunity to become key stakeholders in the future, but what will it take to shape a more vibrant Scotland?
We would like to take this opportunity to invite our members in Tayside to join ICAS President, Sandy Manson, for lunch.