9am Lowdown: Prem League, fidget spinner & fraud

Lowdown
AccountingWEB
Accounting WEB
Editorial team
AccountingWEB.co.uk
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Good morning and welcome to Wednesday’s Lowdown. Here is a whistle-stop tour through this morning’s news.

What’s in the news

The Premier League remains the world’s richest football league, its clubs earning approximately €2bn (£1.7bn) more collectively than those in Europe’s second richest, the German Bundesliga, according to the annual review of football finances by Deloitte. (The Guardian)

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The European Commission is unlikely to push through a series of tax reforms that could cost Ireland billions of euros a year, Ireland's minister for finance, Paschal Donohoe has been told. (The Times)

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Across the pond, Seattle's wealthiest would become the only Washington state residents to pay an income tax under legislation approved by the City Council. (The Independent)

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Practice management software AccountancyManager is hosting a number of events to showcase its software. Their next event is in Bristol event at the Engine shed. Find out more and register for the free event here.  AccountingWEB will also reveal the secrets of the 2016 Practice Excellence entries at the event.

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Diana Vysniauskiene, an accountant working for a London cyber security firm, who stole more than £120,000 from her employer to go on luxury holidays in Dubai has been spared jail. (Daily Mail)

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Trash talk between Floyd Mayweather and Conor McGregor’s heated up ahead of their mega bucks August fight, with their verbal joists turning to the boxer’s tax affairs. During the face to face, Mayweather pulled out his $100m cheque for the bout. Quick as a jab, McGregor quipped: “That’s for the tax man.” (Mayweather responds to the tax rumours - BBC)

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Tweet of the day: The fidget spinner is undoubtedly this year’s must-have toy. And now the fidget machine has joined the ranks of accounting software swag.

 

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What’s new on AccountingWEB

The latest ransomware outbreak is part of a new breed that is targeting financial infrastructure across the globe, according to Kapersky Labs.

Matt Bailey examines the changes made to the Persons of Significant Control regime and how the new system will affect accountants going forward.

On the blogs pages, Rich Neal from MyWorkpapers explains how accountancy firms can boost their fee recovery.

The Any Answers question of the day comes from RLK who asks if anyone asks for client feedback. The AccountingWEB member is considering a client satisfaction survey.

Over on the Industry Update page, webexpenses looks to the progression of FinTech.   

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