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AccountingWEB

9am Lowdown: HMRC claims K.O. victory

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9th Nov 2015
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Monday morning is here! Good luck with the new week. Here’s the news.

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HMRC claims K.O. victory over martial arts evaders

Five men who tried to steal more than £1 million in tax by setting up sham companies they claimed traded in television broadcasting rights for cage fighting events, have been jailed for a total of almost 19 years.

Christopher Peters and John Faraday created five fake identities and set up eight shell companies. The men produced bogus invoices and contracts between the companies, buying and selling television broadcast rights, in order to generate fraudulent VAT repayments.

Between October 2010 and September 2012 the group piggy-backed genuine cage fighting events, producing promotional material and using the names of well-known fighters, to enhance their business credibility.

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Community: Poaching staff

Feeling betrayed AccountingWEB member Bean Boy used Any Answers to vent his frustrations.

A liquidator firm who Bean Boy has given work has poached a member of his staff. “Obviously, we are just going into very busy period, so I'm completely stuck,” Bean Boy said about the defection.

“I'm so upset, because they are not just any local firm, they are one who we give work to, and as such I think the way they have behaved is completely unprofessional,” he said.

Sandnickel encouraged Bean Boy to consider his member of staff’s job switch from another perspective. “You need to look at why she left before being upset with another firm for employing her. Perhaps she just fancied a different direction?”

Has a rival firm snared a member of staff away from you? What have you done to retain staff with growing competition from local firms? 

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Accountant sues publication over Sony hack allegation

An accountant is seeking $1.4 million in damages from a tabloid and says she can’t find work after being erroneously linked to the infamous Sony Pictures cyberattack last year.

The U.S. State Department subsequently pinned the blame solely on North Korean hackers.

The Hollywood Reporter has been sued by Nicole Basile, a freelance production accountant, who claims that her career and reputation have been left in tatters.

Nicole Basile’s suit claims that in a story headlined “Sony Hack: Studio Security Points to Inside Job” incorrectly characterized her as an insider involved in the devastating hacking that paralyzed operations at the studio for weeks.

Basile said she has not been able to get a job offer commensurate with her experience since the report.

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