The Internal Revenue Service (IRS) is being pressed to adopt new online systems after the US House of Representatives passed legislation intended to introduce digital services and require the tax authority to appoint a chief information officer (CIO), in the wake of technical problems which saw the tax payments system crash on deadline day

Amendments to the Sanctions and Anti-Money Laundering Bill mean a broader beneficial ownership register is back on the agenda as the government attempts to extend its powers to the likes of Cayman Islands and BVI. Although Crown Dependencies are beyond scope, Geoff Cook, CEO of Jersey Finance says governments need to take a global approach rather than unilateral action against select international finance centres

Almost a third of companies (31%)  expect to move staff from the UK because of Brexit, a rise of more than 10% since the summer of 2017, according to the latest Thomson Reuters quarterly poll of chief financial officers (CFOs)

Greg Palfrey and Steve Adshead of Smith & Williamson have been appointed joint administrators of Now Motor Retailing, a car dealership in southern England, which has recently run into financial difficulties

There are further signs of turmoil on the high street with reports that administrators from Duff & Phelps have been called in by Calvetron, the owner of Jacques Vert and a number of other well-known fashion brands, putting some 1,000 jobs at risk

Nearly 43,000 retailers ended the first quarter of 2018 in a state of ‘significant’ financial distress, up 21% on the same period last year, as high profile administrations, unseasonably poor weather, declining footfall and weak consumer spending all took their toll on the sector, according to analysis by Begbies Traynor

A Polish lorry driver who was caught at the Port of Dover with £1.5m in cash hidden in his trailer, has been jailed on money laundering charges after an investigation by HMRC

This week's news of professional moves in the sector includes partner promotions at RSM and Kingston Smith, CBW chief appointed chair of DFK International