Gary Barlow tax affair may show how tax and audit jobs are getting more interesting
Gary Barlow's tax affairs may highlight the increased importance of getting tax arrangements right in an age of close scrutiny.
The financial sector has certainly gone through some big changes in the wake of the economic crisis - and not just at the banks.
For those working in areas like accountancy, tax has become an increasingly acute issue, particularly as the strain on the public finances has brought avoidance under close scrutiny.
Some high-profile individuals have come under the microscope, like comedian Jimmy Carr and musician Gary Barlow. Take That singer Barlow, along with two fellow band members and their manager, were ruled by a court to have used an investment vehicle that was ostensibly for the benefit of the music industry to squirrel away funds. Instead, the cash went into a company called Larkdale LLP that declared tax-deductible annual losses.
Apologising for the situation via his Twitter account, Mr Barlow said: "With a new team of accountants, we are working to settle things with all parties involved ASAP."
It may be that a number of individuals and companies are seeking to use the services of accountancy firms, creating new opportunities for those looking for roles in the sector.
Companies who do wish to recruit may find they can successfully attract the sort of candidates they want by noting the motivations for accountancy professionals moving from one job to the next.
The Marks Sattin Insight Report 2014 revealed that for those working in tax, accountancy and financial services, the biggest reason for moving was career development, with this being cited by 25 per cent. Just behind this was the quest for a higher salary at 24 per cent, while 18 per cent said they wanted a new challenge or more exciting work.
All that suggests employers who can offer a combination of these three factors will be very attractive. But they will have to move swiftly, as the report also revealed that 40 per cent of survey respondents found their current position within one month of starting to look for it.
That could mean employers might blink and miss an opportunity to bring in some talented staff, but using a recruitment agency could be the best way to prevent that, as this was by far the most common route for career moves in the sector, accounting for 48 per cent of all hires.
Signup to receive the latest discipline specific articles
Related articles
Teaser
GovernanceContent Type
Fintech
18/04/24
Summary
The role of risk and compliance in financial services As a sizeable, growing portion of the financial services sector, risk and compliance play a vital role in ensuring that firms conduct busine
by
David Clamp
Teaser
Executive SearchContent Type
General
18/04/24
Summary
Private equity (PE) is a growing industry that has always attracted ambitious top talent due to its high risk/high gain capital investment. Pre-covid, we saw the global private equity industry b
by
Tracey Alper
Teaser
Commerce & IndustryContent Type
General
18/04/24
Summary
What is financial contracting? Financial contracting refers to the practice of hiring finance professionals on a contractual basis to fulfil specific roles or projects within an orga
by
Kelvin Murphy
Related jobs
Salary:
Negotiable
Location:
London
Industry
Energy, Resources and Industrial
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£80,000 - £100,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
A high growth, renewable energy business based in Central London is currently seeking a new Management Accountant to join the team.
Reference
HAS3344210
Expiry Date
01/01/01
Author
Hannah SpearsAuthor
Hannah SpearsSalary:
£30 - £32 per hour
Location:
Stevenage, Hertfordshire
Industry
Manufacturing
Qualification
None specified
Market
Commerce & Industry
Salary
£250 - £350
Job Discipline
Project & Programme Management
Contract Type:
Permanent
Description
Manufacturing Project Manager for our Defense and Space Manufacturing Client.
Reference
BBBH180032
Expiry Date
01/01/01
Author
Joshua MasseyAuthor
Joshua MasseySalary:
Up to £27,000 per annum
Location:
Bristol
Industry
Insurance
Qualification
None specified
Market
Commerce & Industry
Salary
£25,000 - £30,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Contract
Description
Finance Assistant. This is a 12-month part-time (C.22 hours) FTC with a potential opportunity to go permanent. 27k pro rata
Reference
BBBH180026
Expiry Date
01/01/01
Author
Ali ArslanAuthor
Ali ArslanSalary:
£40,000 - £50,000 per annum + Strong Bonus & Benefits
Location:
London
Industry
Business Services
Qualification
None specified
Market
Professional Services
Salary
£50,000 - £60,000
Job Discipline
Project & Programme Management
Contract Type:
Permanent
Description
Role within High-Growth Specialist Consultancy as they build out their Commercial Change & Transformation offering
Reference
BBBH179934
Expiry Date
01/01/01
Author
Henry TownsendAuthor
Henry TownsendSalary:
£40,000 - £55,000 per annum
Location:
West Yorkshire
Industry
Business Services
Qualification
Finalist / Newly qualified
Market
Commerce & Industry
Salary
£50,000 - £60,000
Job Discipline
Internal Audit
Contract Type:
Permanent
Description
Marks Sattin are currently working with a leading PLC who are recruiting for a Senior Internal Auditor to join the team.
Reference
BBBH180007
Expiry Date
01/01/01
Author
Rajveer SanghaAuthor
Rajveer SanghaSalary:
£28,000 - £30,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Credit Controller role in Leeds - Middle East/Asia Ledgers
Reference
BBBH179367
Expiry Date
01/01/01
Author
Cameron WalshAuthor
Cameron WalshSalary:
Negotiable
Location:
London
Industry
Media & Communications
Qualification
Part qualified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
An international events company, specialising in the sports, betting and gaming industry, are seeking a Finance Assistant.
Reference
KD0606
Expiry Date
01/01/01
Author
Kimberley DonovanAuthor
Kimberley DonovanSalary:
£32,000 - £37,000 per annum + Study support & Bonus
Location:
Leeds, West Yorkshire
Industry
Manufacturing
Qualification
Part qualified
Market
Commerce & Industry
Salary
£35,000 - £40,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Really excited to be partnering with a market leader in their field to support them recruit an Assistant Financial Accountant to join their team.
Reference
179873
Expiry Date
01/01/01
Author
Laura GunbyAuthor
Laura GunbySalary:
£40,000 - £60,000 per annum
Location:
West London, London
Industry
Energy, Resources and Industrial
Qualification
None specified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Contract
Description
Temporary to permanent Payroll Manager
Reference
BBBH180023
Expiry Date
01/01/01
Author
Chelsea MillsAuthor
Chelsea MillsSalary:
£50,000 - £65,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Internal Audit
Contract Type:
Permanent
Description
A great business keen to recruit for an Internal Audit Manager to come onboard and join the team.
Reference
BBBH180005
Expiry Date
01/01/01
Author
Rajveer SanghaAuthor
Rajveer Sangha