RSM UK has announced the appointment of Stuart Clowser as its new head of private equity. Clowser will lead RSM’s cross-discipline private equity team focused on all aspects of the private equity environment, including funds, transactions and portfolio companies. He is a member of the BVCAs accounting committee and has played a key part in building RSM’s fund audit practice and client base within the private equity market. He succeeds Charlie Jolly who has been head of private equity for nine years at the firm and now joins the consulting leadership team. Having trained at RSM, he was previous ..read more

Haysmacintyre has announced the promotion of Krupa Shah to audit director, alongside two other new directors, Michael Crowson and Said Bile, as the firm continues its investment in its people.  This comes as Haysmacintyre celebrates its position in LinkedIn’s ‘Top 15 Midsize Companies’ in the UK listing. Shah has been at the firm since 2022, overseeing a substantial portfolio of clients across the creative, media, and technology (CMT) sectors, with a focus on marketing, media and advertising.  Meanwhile, Bile has over 10 years of experience in providing specialist R&D tax incenti ..read more

The International Public Sector Accounting Standards Board (IPSASB) has released Exposure Draft (ED) 89, which proposes amendments based on five IFRIC interpretations issued by the IFRS interpretations Committee which the IPSASB had not yet considered.  The IPSASB proposes amendments to IPSAS for guidance based on the IFRIC interpretations which are applicable for public sector entities and helpful in applying existing IPSAS principles.  Each IFRIC interpretation addresses a specific application matter and provides guidance to support consistent application of accounting principles ..read more

Big-four accountancy firm EY has reportedly warned 1,700 of its UK partners that its profit-per-partner could drop by as much as 15% in its financial year to the end of June amid a market slowdown, according to Sky News.  The outlet said the warning was made by Stuart Gregory, a senior figure in EY’s finance and transformation team during a presentation given last week.   Last year, EY reported average distributable profit per partner of £761,000 – down from a record £803,000 the year before. Insiders within the company, however, told Sky that his remarks “did not equate to a pr ..read more

EQ Accountants has announced 33 promotions across various departments, recognising exceptional skills and dedication. Promotions include new senior managers, supervisors, partners, and directors across technical, business services, and admin teams. Liam Cruickshank appointed head of internal finance, responsible for strategic planning and team expansion. The promotions signify the firm’s commitment to nurturing talent and delivering exceptional service. Scrutton Bland has promoted four members, including two business advisory partners, a private client tax partner, and a corporate finance dire ..read more

Magma Chartered Accountants has today (18 April) announced five new promotions across its payroll, audit, business services and corporate tax teams this Spring. In corporate tax, Danika Bhakta has been promoted to manager, shortly after meeting the milestone of working five years at Magma. Within the payroll team, Bailey Rowles has been promoted from executive to assistant manager. Further assistant manager promotions have been made for Aimée Burton, in the audit team, and Megan Hassam and Ryan James, both working in Magma’s business services team. Mark Tuckwell, managing partner at Magma, sai ..read more

HMRC’s specialist compliance team, which is focused on IR35 investigations, reportedly has a headcount of 45 full-time staff, according to Pinsent Masons.  According to information provided by HMRC, that team also has access to additional manpower and resources outside its core team. Using the IR35 rules, HMRC has led a lengthy and at times controversial crackdown on arrangements where individuals are paid as self-employed contractors, rather than as employees, which HMRC considers has led to an underpayment in income tax and national insurance. HMRC’s previous IR35 investigations have le ..read more

The FRC issued a laundry list of comprehensive improvements to FRS 102 on 27 March, which is used by an estimated 3.4 million businesses.  The changes to these financial reporting standards aim to enhance the quality of financial reporting in the UK, helping support the access to capital and the growth of the businesses applying them.    They also follow extensive stakeholder engagement and consultation on the proposals, with the FRC being required to undertake a periodic review of FRS 102 every five years. During the stakeholder engagement period, many stakeholders – inclu ..read more

KPMG has announced the appointment of Susanna Crowder as Global Oracle Business leader. The appointment of Susanna Crowder underscores KPMG firms’ commitment to delivering leading technology solutions and driving business success through a long-standing global relationship with Oracle. In this new role, KPMG said Crowder will help to drive results for organisations embarking on an Oracle-enabled cloud transformation journey, aiming to increase value, drive sustainable change, and accelerate innovation leveraging Oracle Cloud Infrastructure, Oracle Cloud Applications, and Oracle Industry Soluti ..read more

Suffolk and Essex-based accountancy firm Scrutton Bland has announced four promotions across the firm. Ben Cussons and Emma Clifton have been appointed as business advisory partners, while Simon Hurren has been appointed to the role of private client tax partner. Additionally, James Thurkettle has been promoted to corporate finance director. Clifton has been working at the group’s Ipswich office for over 20 years. According to Scrutton Bland, her “dedication to client success and unwavering support for her team have set a high standard for excellence”. Meanwhile Cussons has grown the firm’s cl ..read more