The financial year ending 30 June 2015 saw UK accountancy firm Grant Thornton report a 1.6% year-on-year increase, achieving a £521m total.

This means profit before tax for the company hit £82m, with a figure of £398,000 distributable profit per partner - a rise of 3.4%.

The Institute of Chartered Accountants in England and Wales (ICAEW) is shaking up its regulatory arrangements to highlight issues surrounding oversight and governance.

The ICAEW aims to ensure a fully independent approach by setting up a new regulatory board that will feature menders who are not accounting professionals.

According to new research from KPMG, nearly half of all investment firms could be forced to double their capital requirements.

The new study looked at responses and mandatory Internal Capital Adequacy Assessment Process (ICAAP) documents from 32 firms, finding that insurance mitigation and diversification are often used to reduce capital requirements.

Closer collaboration with accountants is the way forward for advisers, says new research from Prudential.

The pension provider found that more than two-thirds of the advisers who took part thought that working more closely with accountants would help their business, both in terms of individual directors and big companies.

New research by Deloitte shows that this year, fewer FTSE 100 companies have changed their remuneration arrangements than the year before.

The study found that only 17% of FTSE 100 companies have changed their arrangements in substantial terms. Last year, thirty-five companies implemented new incentive arrangements, but this year only 11 followed suit.

The Financial Reporting Council (FRC) is consulting on draft guidance regarding on going concerns about the quality of information that investors receive about businesses.

The new consultation will focus on the assessment and reporting of accounting, solvency, and liquidity risks over the longer term.

According to new analysis by Prudential of the latest HMRC data, there was a 15% increase in inheritance tax paid in the 2012 to 2013 tax year.

Almost 18,000 estates faced an average bill of more than £170,000, and the total paid was £3.05bn - as opposed to £2.65bn in the previous tax year.

HM Revenue and Customs (HMRC) has brought in more than £50 million through a campaign aimed at residential landlords.

According to HMRC, The Let Property Campaign, which launched in September 2013, has become one of the most successful voluntary disclosure opportunities the tax authority runs.

With the third VAT MOSS return looming for businesses on 20^th October, a campaign group has issued a stark warning about potential effects on the European digital single market.

EU VAT Action has highlighted how the time involved in implementing new regulations will cause problems and has asked for an ‘interim’ threshold to help SMEs in the transition period.

The Chartered Institute of Taxation (CIOT) has come out in favour of changes to the ‘strict liability’ offence for offshore evasion by urging more safeguards to be put in place.

The accountancy body has warned that taxpayers risk being sent to jail without any proof that they actually intended to cheat the taxman.

With more moves to streamline international efforts to combat tax evasion by multinationals, a new tax information exchange agreement now includes 51 countries.

The Organisation for Economic Cooperation and Development (OECD) is behind the new measures to automatically exchange tax information between nations and manage the differences on how tax issues are dealt with.