News & Insights

Consolidation remains one of the most common areas of weakness in group audit file reviews. Often seen as a simple mechanical process, the consolidation is a core part of the group audit and often results in documentation gaps, missed eliminations and ethical risks. In this blog, we highlight the key issues we see and how firms can strengthen their approach.

Ahead of Chancellor Rachel Reeves’ Spring Forecast Statement on 3 March, business groups, including the Confederation of British Industry (CBI) and the Federation of Small Businesses (FSB), have outlined their top priorities for UK firms, the economy and for combatting the cost-of-living crisis.

Every year the government’s two annual fiscal set pieces provide great opportunities for accountants to put their name out there and stand out from the crowd. It is a time when their clients are looking to them for advice while the media are looking for expert comment.
Last year’s Autumn Budget saw major announcements and tax increases. With the fallout from that event still ongoing, anticipation is now building for the Chancellor’s Spring Forecast Statement.
Here we look at how accountants can use the Spring Forecast Statement to maximise their visibility in the media and underline their value as trusted advisors to clients.

Welcome to our January Newswire.
With the end of tax season fast approaching, the 31 January deadline will signal the close of one of the busiest periods in the professional calendar.

HMRC have published guidance on what to do to disincorporate a company.

At Mercia, we watched the Autumn Budget with great interest, despite the OBR blunder that led to the details being widely leaked before the Chancellor had a chance to address Parliament.