In the event of a no deal Brexit, the limited liability status of UK companies and limited liability partnership (LLPs) may not be recognised in some EU jurisdictions, raising substantial business and personal risks, according to analysis of official government advice by RSM, which is urging businesses to ensure they review their structure

Some 200,000 UK businesses have yet to apply for the necessary paperwork to carry out trade with the EU in the event of a no deal Brexit, and HMRC is advising them to check their contingency plans urgently, as it has a limit of processing 11,000 applications a day

MPs have challenged Grant Thornton, the administrators to failed pay-day loan company Wonga, about how they plan to support vulnerable customers who had complaints open with the Financial Ombudsman Service (FOS) at the time of the lender's collapse, and who they say have no other route to redress and have been ‘cast aside’

Companies in the financial services sector could lose their regulatory permissions to conduct cross-border business in the event of a no deal Brexit, with businesses setting up European entities to mitigate this risk

The total value of fraud in the UK more than halved in 2018, down 64.7% from a record 15-year high of £2.1bn in 2017 to hit £746.3m, but there are concerns that the true figure could be substantially bigger, according to research by BDO

Brexit-related pressures mean HMRC is to delay sending out notification of self assessment penalties for late filing of tax returns this year, as part of its contingency plans and to ensure there is capacity in its call centres for queries relating to the UK’s withdrawal from the EU

Praxity participant firms reported record combined global revenues of $5.83bn (£4.46bn) for the year ended 31 December 2018, representing a year-on-year increase of 12.21% in real terms, driven by a surge in audit and accountancy services

EY and Deloitte are the only two of the Big Four to have made it into the annual listing of the top 25 best big companies to work for in the UK

In the wake of Carillion’s collapse and strong criticism of its handling of outsourcing contacts, the government has issued new guidance on outsourcing decisions and contracting, in a bid to ensure that it gets right more projects from the start, engages with a diverse and healthy marketplace of companies, and is ready for occasions when things go wrong

The US has reacted with fury at the European Commission’s publication of a blacklist of 23 countries, including four overseas US territories, which it says have strategic deficiencies in their anti-money laundering and counter-terrorist financing (AML/CTF) frameworks

BrightHR chief technological officer Alastair Brown takes a tough line on lateness, explaining how three or more late arrivals should trigger employer action and how to set up a robust attendance policy

Lee Lockwood, director at Begbies Traynor, and Ray Claughton, director at Rushtons, have been appointed joint administrators of bespoke furniture maker YTM Group, based in Castleford, which has ceased trading with the loss of over 100 jobs