Investors in the company that owns Patisserie Valerie are looking at launching legal action over the collapse of the cafe chain, highlighting the dilemma facing investors in cases of insolvency and business failure. Mark Fletcher, senior associate and Thomas Bond, associate at Russell-Cooke consider the legal options 

Technology companies are set to challenge accountancy firms’ traditional dominance of the audit market, as client companies start to separate their audit into separate elements, according to analysis from Source Global Research which suggests Deloitte is the front runner for embracing this change

The Government Equalities Office (GEO) has published two pieces of guidance, providing step by step advice for employers which helps them to identify potential causes of the gender pay gap in their organisation and develop an effective action plan to tackle it, ahead of this year’s reporting deadline

KPMG is to close its small business accounting (SBA) service, a venture which was intended to ‘disrupt and dominate the SME market’, just five years after launching the cloud-based platform

CIOT has announced that nearly 1,000 tax professionals have completed its advanced diploma in international taxation (ADIT), following the latest round of exams in December 2018

The leading accounting firms in the UK have reported record revenues of £15.75bn with average profits up 5%, in this year's Accountancy Daily Top 75 Accounting Firms Survey, despite a year of harsh criticism of the profession, audit failures and the shadow of Brexit. Sara White analyses the state of the market

The Corporate Finance Network (CFN), a UK network of independent regional accountancy firms, has announced a national partnership with online lending broker Capitalise.com, which will enable member firms to access the funding platform when working with their SME clients to source finance

Victims of investment scams lost an average of over £29,000 last year, with a total of £197m of reported losses in 2018, according to data from Action Fraud, with the Financial Conduct Authority (FCA) calling for more vigilance on the part of investors

Blair Nimmo, partner, and Geoff Jacobs, director, of KPMG have been appointed as joint administrators of Dundee-based specialist building contractor McGill & Co Ltd, which has collapsed with the loss of over 300 jobs

Ongoing uncertainty about a post-Brexit business landscape is creating a subdued market with less willingness to invest in listed companies with a UK focus, despite the FTSE All Share currently offering a dividend yield of around 4.5%, says Laith Khalaf, senior analyst at Hargreaves Lansdown

The Institute of Economic Affairs (IEA)has been given an official warning by the Charity Commission, after the regulator found its trustees had breached charity law in relation to a publication about a key government policy on Brexit, demonstrating misconduct and mismanagement

Australian accounting software company Calxa was forced to activate its disaster management plan following a ‘once in a century’ flood which saw homes and offices abandoned and snakes and crocodiles swimming through the streets, but with businesses needing to keep online services running despite the deluge