Tax | FSB criticises proposed cuts to R&D tax relief

The UK will become an ‘innovation wasteland’ if the government does not change its decision to cut the R&D tax relief scheme for small businesses

22 Feb 2023

Tax

Budget

Companies

Accountancy Firms

Business | Darktrace calls in EY to review finances

Cybersecurity company Darktrace has hired EY to review its finances and accounting practices after an investment fund questioned the credibility of the financial results

21 Feb 2023

Auditing

Companies

Accountancy Firms

Business | Payroll administrator avoids jail after £120k fraud

A former payroll administrator has been given a suspended two-year sentence after stealing more than £120,000 from her employer

21 Feb 2023

Business

Companies

Accountancy Firms

Called to Account

Business | Worcester Warriors will not repay creditors

The new owners of Worcester Warriors have dropped plans to change the club’s name and rebrand as Sixways Rugby, but creditors will not be paid, including HMRC

20 Feb 2023

Business

Companies

Accountancy Firms

Business | Retail sector sees nearly 15,000 job losses

Nearly 15,000 retail jobs have already been cut since January with supermarkets and high street shops making staff redundant

20 Feb 2023

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Business | Level of fraud cases in court exceeds £1bn

The value of alleged fraud cases over £100,000 hit £1.12bn in 2022, an increase of 151% compared to the previous year, as more claims went to court

17 Feb 2023

Business

Companies

Accountancy Firms

Business | KPMG and Grant Thornton top LGBTQI+ index

Two accountancy firms have been recognised in Stonewall’s Top 100 Employers 2023 list for inclusion of LGBTQI+ rights in the workplace

17 Feb 2023

Business

Companies

Accountancy Firms

Business | Mazars reports £2.1bn global earnings

Mazars has reported a 16.4% hike in global revenue to €2.45bn (£2.1bn) for year end 2022, the firm’s highest annual growth since 2007

16 Feb 2023

Business

Companies

Accountancy Firms

Business | Flybe wound down after rescue talks fail

Regional airline Flybe is to be wound down after attempts to find a rescuer for the business were abandoned

16 Feb 2023

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Business | Haulage director jailed for £50k bounce back fraud

A director of a haulage company has been jailed for 12 months after fraudulently applying for a £50,000 bounce back loan

15 Feb 2023

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Business | Third of accountants consider changing jobs

Nearly one in three accountants and finance professionals are changing jobs as retention levels across the sector continue to be problematic

15 Feb 2023

Business

Companies

Accountancy Firms

Business | Southend United faces collapse amid £1.4m tax bill

Southend United football club owes £1.4m to HMRC and has applied for a £5m bridging loan to save the club

15 Feb 2023

Business

Companies

Accountancy Firms

Called to Account

Tax | Business rates bills to drop by a fifth for retailers

The majority of smaller retailers in England are set to see their business rates bills cut by 20% from April

15 Feb 2023

Tax

Business Tax

Business

Companies

Accountancy Firms

Business | Inflation eases slightly to 10.1%

The rate of inflation fell marginally to 10.1% in January from 10.5% the previous month as the cost of fuel and eating out eased slowly

15 Feb 2023

Business

Companies

Accountancy Firms

Business | Tougher rules for buy now pay later lenders

Plans to regulate buy now pay later (BNPL) lenders have been revealed as the government sets out proposals to protect nearly 10 million customers

14 Feb 2023

Business

Companies

Accountancy Firms