Business | Charity trustees avoided £58k in business rates

An education charity has been removed from the register of charities after the regulator found three brothers abused their position as trustees 

22 Aug 2022

Business

Companies

Charities

Called to Account

Business | Average CEO pay hits £3.4m

Bosses at the 100 biggest companies saw a 39% pay increase to an average of £3.4m in the last year, eclipsing average employee pay by a factor of 107:1

22 Aug 2022

Business

Companies

Leadership & Management

Business | Criminals stole £367m from covid schemes

Organised crime gangs defrauded £367m from Covid-19 support schemes, mainly from the self employed support scheme

22 Aug 2022

Business

Companies

Law & Guidance

Business | Cross border restructuring and insolvency – key traps

Where a company or corporate group operates in multiple jurisdictions, any restructuring will need to be planned carefully in order to be both successful and cost effective, explain Christopher Boardman QC of Radcliffe Chambers and Alexandra Wood of Mayer Brown 

22 Aug 2022

Business

Companies

Restructuring & Insolvency

Business | Soaring utility bills curb growth at small firms

Growth expectations are down and cost pressures are weighing heavily on small firms, according to FSB’s Small Business Index report  

19 Aug 2022

Business

Companies

Accountancy Firms

Business | Top flight football revenue hits £4.9bn

Premier League club revenues grew by 8% to £4.9bn, up from £4.5bn in 2020/21, and are expected to continue growing this season

19 Aug 2022

Business

Companies

Business | Small businesses given £21.3bn in Covid local authority grants

Smaller businesses across England received £21.3bn through the Covid-19 local authority business support grants scheme, but fraud levels were high

19 Aug 2022

Business

Companies

Business | Madame Tussauds hit with winding up petition

The owner of Madame Tussauds has received a winding up petition from Experian as the operator seeks to bounce back from pandemic lockdowns

18 Aug 2022

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Business | Inflation rate rises to 40-year high of 10.1%

The inflation rate rose to 10.1% in the 12 months to July, the highest level since February 1982 

18 Aug 2022

Business

Companies

Business | Apprenticeships overlooked by young people

BDO’s recent survey showed that school leaver apprenticeships are still overlooked by more than half of young people, compared to a university degree

17 Aug 2022

Business

Companies

Accountancy Firms

Careers

Business | Accountants question four-day week

To make the four-day week work, firms would have to increase their fees by 25% to match the required output, says director of Edwards accountants 

16 Aug 2022

Business

Companies

Accountancy Firms

Business | PwC removes 2:1 pass rate for graduate roles

PwC, one of the UK’s largest graduate employers, has opened up its recruitment with the removal of the 2:1 degree requirement for all its undergraduate and graduate roles

15 Aug 2022

Business

Companies

Careers

Tax | More staff for HMRC Newcastle customer service team

HMRC is recruiting 100 full-time customer service staff at its base in Newcastle as service levels continue to fall below standards expected by accountants and tax agents

15 Aug 2022

Tax

HMRC

Companies

Careers

Business | World’s first Excel NFT goes on sale

In a first for the NFT market, artist Saif Ali has created five five pieces of art using Excel, now on sale

15 Aug 2022

Business

Companies

Charities

Business | Growth contracted by 0.1%

GDP fell by 0.1% in June 2022 as the impact of the Jubilee bank holidays weighed on growth figures, although business investment held up

12 Aug 2022

Business

Companies

Accountancy Firms