Companies

Restructuring & Insolvency

Image for majority smes unhappy their accountant

Business | Majority of SMEs unhappy with their accountant

Most of the small businesses who are working with an external accountant or bookkeeper would not recommend their adviser to others and a quarter are looking to switch accountants, according to research by software provider Xero

14 Jun 2019

Image for harding technology threat finance jobs

Business | Harding: the technology threat to finance jobs

Technology from artificial intelligence to computer algorithms is disrupting the world of finance and will change the very fundamentals of the finance function, says Andrew Harding, chief executive of management accounting at CIMA

14 Jun 2019

Image for uk inward investment double germany and france

Tax | UK inward investment double Germany and France

Despite Brexit uncertainties, the UK attracted more foreign direct investment (FDI) than Germany and France combined in 2018, United Nations data shows

13 Jun 2019

Business | Top Shop owner Arcadia agrees CVA

The Arcadia retail group has survived a series of votes over seven company voluntary agreements (CVAs) which saw landlords agreeing to rent reductions on stores

13 Jun 2019

Restructuring & Insolvency

Image for fca acts buy now pay later backdated interest

Finance | FCA acts on ‘buy now pay later’ backdated interest

The Financial Conduct Authority (FCA) is to introduce tougher rules to control the ‘buy now pay later’ (BNPL) market, with the aim of saving consumers around £40m to £60m a year by banning backdated interest on any repayments during the offer period

13 Jun 2019

Business | GDPR rules prompt spike in data breach notifications

Notifications of data breaches to the Information Commissioner’s Office (ICO) have rocketed in the first year of new reporting rules following the introduction of the General Data Protection Regulation (GDPR)

12 Jun 2019

Business | Fraudsters in Ponzi-style housing investment jailed

Two student housing investors have been jailed after establishing a ‘Ponzi’-type scheme to pay-off financiers of their previously failed companies by defrauding clients

11 Jun 2019

Restructuring & Insolvency

Called to Account

Image for common reporting standard raises tax collection rates

Tax | Common reporting standard raises tax collection rates

International efforts to increase automatic exchange of information on financial accounts has resulted in deposits held by companies or individuals in international financial centres falling by a third in the past decade, analysis by the OECD shows

11 Jun 2019

Business | Senior business and accounting execs in birthday honours list

The deputy chair of KPMG and a senior PwC partner are among those from the world of finance and accounting named in the Queen’s birthday honours list

10 Jun 2019

Image for deloitte racks largest share governments brexit consultancy spend

Business | Deloitte racks up largest share of government’s Brexit consultancy spend

Government departments have spent at least £97m on Brexit consultancy work in the last 12 months, with almost a quarter (22%) of the business going to Big Four firm Deloitte, while PwC and EY have also picked up substantial consulting contracts

10 Jun 2019

Image for brexit uncertainty slashes uk foreign direct investment

Business | Brexit uncertainty slashes UK foreign direct investment

Although the UK retained the top slot as the number one location for foreign direct investment (FDI) into Europe in 2018, there has been a significant drop in the number of inbound mergers and acquisitions as uncertainty around Brexit affects long-term decisions

7 Jun 2019

Image for greece most difficult country operate business

Tax | Greece most difficult country to operate a business

Greece is the most challenging country to do business with a fragmented tax system and complex compliance requirements, but the world’s largest economies are the most complex and unpredictable places for multinational firms to operate in

6 Jun 2019

Image for 22 hike senior accounting officer fines

Tax | 22% hike in senior accounting officer fines

HMRC is ramping up scrutiny of top level accounting executives at large businesses, with 152 CFOs and senior finance executives personally fined for corporate tax accounting failures last year according to Pinsent Masons

5 Jun 2019

Finance | English football clubs face financial problems outside PL

Despite Liverpool winning the Champions League title for the sixth time in an all-English final, there has been a six-fold increase in financial distress in football clubs beyond the Premier League, while Scottish clubs are holding up better

4 Jun 2019

Business | Investment body launched to support socially responsible saving

The government is seeking a CEO for a newly launched independent institute designed to make it easier for people to invest their money to benefit communities and society and target options that have a positive social impact

4 Jun 2019