9am Lowdown: Deloitte, FreeAgent and Kanté

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To celebrate making it halfway through the week here’s today’s 9am Lowdown.

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In the news

Sources with knowledge of the hack into the accountancy giant Deloitte say the incident was potentially more widespread than Deloitte has been prepared to acknowledge, and may comprise of up to 350 clients. (Guardian)

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Accounting software specialist FreeAgent said it expects to report sales of £4.6m and an underlying loss of £0.4m for the six months to September, with changes to the tax system impacting on the firm’s bottom line. (Herald Scotland)

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Chelsea and France midfielder N’Golo Kanté has revealed how he almost became an accountant before choosing football instead. (SB Nation)

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New powers granted to HMRC could be set to hit advisers and their pension clients in the pocket, tax experts have warned. (FT Adviser)

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New on AccountingWEB

Newcastle United has lost a case against HMRC in which the football club wanted search warrants executed in April of this year to be declared unlawful and quashed.

On the blogs, Jennifer Adams battles with HMRC’s site to submit a client’s return.

And on the Industry Insights page, webexpenses asks: why is petty cash so problematic?

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