There has been a spike in the number of companies entering insolvency in Q3 2018, up by 8.9% compared to the previous quarter and 19.3% higher than in the same quarter of last year, according to official statistics from the Insolvency Service which show a sharp increase in creditors’ voluntary liquidations (CVLs)

Entrepreneurial accountant Ross Boyd, who is currently headquartered in Belfast, has announced an expansion of his firm’s technology-based small and medium-sized enterprises (SME) services into Scotland with a new operation based in Glasgow

EY achieved UK fee income growth of 2.7% in the financial year ending 30 June 2018, up from £2.35bn to £2.41bn with a five year compound annual growth rate of 7%, the firm has reported

Research shows that companies whose top executives have a background as partners or managers in audit firms are at greater risk of reporting financial misstatements, and external auditors should beware of the potential for those with accounting expertise to subvert as well as enhance reporting

The last three years have seen the number of insolvencies among millennials soar, while insolvencies have dropped among baby boomers, according to analysis by Moore Stephens, which suggests the statistics highlight a growing ‘wealth gap’

Martin Beck, senior economist at Oxford Economics, considers how a slowdown in US and Chinese economic growth caused by a trade war would affect the UK, and whether the current trade deficit means the domestic market is insulated from the risks

Chris Marsh has resigned as finance director of Patisserie Valerie after being suspended earlier this month following the discovery of ‘significant and potentially fraudulent accounting irregularities’

Real Madrid footballer Gareth Bale is reported to have been fined €337,000 (£298,000) by the Spanish tax authority, Agencia Tributaria, over image rights earnings which were transferred to a UK company

There has been a 5% hike in the number of UK companies rated as being in ‘significant financial distress’ during Q3 2018 compared to the same quarter last year, with the financial services sector among the among the hardest hit, according research from Begbies Traynor

Keith Underwood, managing director of Foulger UnderwoodKato, discusses how accountancy firms can plan for Making Tax Digital investments as well as how to get clients to move onto a default system

PwC has launched a platform to help individuals of Chinese heritage reach the top of UK business, with founding partner Standard Chartered, saying the aim is to address an underrepresentation of individuals of Chinese heritage in senior leadership roles

A Birmingham travel agent has been jailed and banned from running companies for seven years after he failed to explain the whereabouts of thousands of pounds of missing funds