Good morning, here's the news.
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Adjudicator’s office announces new head
Helen Megarry has been announced as the successor to Judy Clements OBE, who will leave the role of independent Adjudicator in April when her term of office expires.
Megarry was previously the Deputy Housing Ombudsman for the Housing Ombudsman Service.
The Adjudicator acts as a fair and unbiased referee looking into complaints about HMRC, the Valuation Office Agency (VOA) and The Insolvency Service, across the United Kingdom.
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PwC strengthens cyber security
PwC has ramped up its cyber security by buying Edinburgh based consultancy Praxism.
Praxism specialises in identity and access management. The consultancy’s 13 employees, including its founder and director, will join PwC’s Edinburgh office.
Colin Slater, digital and cyber partner for PwC in Scotland, said: "The acquisition will also significantly expand our cyber security team in Scotland, with a particular focus on our key markets including utilities, financial services, energy and public sector."
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Community: Investing in a client’s business
AccountingWEB member whatdoyoumeanwashe asked on Any Answers whether anyone else has invested in a client’s business. He said: “I've always thought this was probably a bad idea, even if it is allowed, but are there any specific rules preventing an accountant from investing in a client's business?”
The members, like NorthEastaccountant, warned the member to “watch out for conflicts of interest” and “be prepared to advise the client to seek independent advice”.
However, JDFinling spoke from experience. She said:” I spoke at some length with my institute. it was not specifically prohibited, but there was reference to maintaining objectivity and avoiding conflicts of interest. We put in place some measures to protect those aspects; and then I did go ahead.
Have you ever invested in a clients business? If so, would you advise other members?
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Worst expense claims: Mars bars, flip flops and intimate waxing
HMRC has released the top 5 spurious expense claims it has received this self assessment season.
The expenses range from furnishing a new flat to the meagre cost of storing Mars Bars overnight in a fridge. Here’s the full list of bizarre expenses that some taxpayers have tried, and failed, to claim for:
- The costs for storing Mars Bars overnight in a fridge
- The cost of a pair of flip flops so I don’t have to walk barefoot between my work’s changing and shower rooms
- The costs for my intimate waxing
- I bought a second hand car to get me from home to work so I didn’t have to walk
- I purchased my own flat, so I need to claim back the money I spent on the furniture.