Due diligence is a process of verifying the facts and assessing the risks before entering into a business transaction. It can help you to: - Evaluate the potential benefits and challenges of doing business in different markets, both domestic and foreign - Make informed decisions based on reliable data and analysis - Detect any red [...]

A concept shot of fraud Fraud is so common nowadays that anyone and any business can be a target of fraud. Fraud can come from strangers living in another country, suppliers from another continent, customers in the same city to even employees who work alongside you. Fraud committed by employees within the company is on [...]

2 / 2 Identifying the causes of stock loss and implementing countermeasures is crucial for manufacturers to minimize stock losses or inventory shrinkage. Several factors contribute to stock losses, including theft, employee error, stock deterioration, and supply chain fraud. Theft: Theft can be committed by employees or outsiders and is a common cause of inventory [...]

How HMRC works out total income and trading profits for the Self-employment Income Support Scheme Find out how HMRC will work out your income and profits if you're self-employed or a member of a partnership in the UK and have lost profits due to coronavirus (COVID-19). Published 14 April 2020 From: HM Revenue & Customs [...]

Ongoing enquiries In 2019, HMRC confirmed ongoing enquiries into 198 footballers, 44 clubs and 29 agents. Such investigations have even seen footballers’ homes raided by inspectors. Last year, HMRC warned some 1,900 football agents of possible investigations following “serious allegations of fraud”. So far, some of the biggest names – and the biggest tax bills [...]

HMRC expands its high net worth individuals criterion   High net worth individuals At present, individuals with a net worth of more than £20m are defined by HMRC as ‘high net worth’ (HNW) and their cases are assigned to a specialist HNW unit with a personal manager. This allocation is designed to allow a higher [...]

Status of this advice Due to the exceptional current circumstances, the SORP-making body is issuing advice on the financial reporting implications that may arise from the measures being put in place to contain the impact of the COVID-19 virus. This advice does not amend the SORP, is advisory in nature and aims to assist preparers, [...]

Xero (software) Xero is a New Zealand domiciled public software company that offers a cloud-based accounting software platform for small and medium-sized businesses. The Company was founded in a Wellington studio apartment in 2006 by Rod Drury and his personal accountant when they felt that traditional desktop accounting software had become outdated and decided to create a modern cloud-based product. Xero Limited's global headquarters are still located [...]

Before immersing yourself in the complicated and at times convoluted world of forensic accounting, it’s important first, that you have a clear and comprehensive understanding of the concept of fraud – particularly financial fraud. There is a symbiotic nexus that connects the two, with both paradigms playing off one another in order to define themselves. [...]

When a part-owner of a successful food manufacturer in the UK was being forced out of the company against her will, she came straight to H & H Associates. The motivation was simple – she knew she could rely on our forensic accounting experts and highly-trained financial fraud investigators to help her uncover any fraudulent [...]