The total number of company insolvencies are down 29% due to a surge in personal service companies (PSC) entering a creditors’ voluntary liquidation (CVL) last quarter, following changes to claimable expense rules, however excluding these PSCs business insolvencies have increased by 5%

Six former directors at Japanese camera and medical equipment maker Olympus have been ordered to pay the company ¥58.8bn (£410m) in damages over a massive accounting fraud originally uncovered by a British whistleblower

A baffled Finance Mole attends an offsite management meeting laced with jingoism and shambolic speakers, Osborne quits as MP, HMRC reeling as chiefs quit

The last in a series on parental rights during employment focuses on implications into adoption leave, examining the rights and responsibilities of both employer and employee whie considering statutory adoption pay

Troubled Japanese electronics company Toshiba is believed to be seeking to replace its auditor after current incumbent Japan based PwC Arata said it was unwilling to sign off on the company’s accounts over issues related to its US nuclear reactor subsidiary Westinghouse Electric, which is filing for bankruptcy

Fewer Scottish companies are failing, while personal insolvency numbers in Scotland are currently the second lowest in a decade, according to the latest figures from the Accountant in Bankruptcy (AiB)

Irish tax policy coupled with one of the lowest EU corporation tax rates at 12.5% could be at risk after the Apple ruling and with wider plans to introduce a consolidated single corporation tax rate across the EU27, reports Jaimie Kaffash

The IFRS Foundation has reported total income from all activities increased by £3.2m to £30.6m last year, most of which came from voluntary contributions, but comprehensive income has risen from £2.7m in 2015 to £3.2m, according to its 2016 annual report

Deloitte has launched a major new brand campaign in the UK, under the banner of ‘Deloitte Do’, which has been developed by global advertising agency BBH and is designed to tell the story of the firm’s impact across the breadth of services it provides to clients

An overhaul of corporate governance in the UK looks likely as the influential BEIS Committee calls for more transparency and controls over executive pay and a requirement to meet gender diversity targets on boards. Elizabeth Richards, head of corporate governance at ICAEW considers the proposals

In part three of our EU Directives series, Stefan Petrovski, accounting supervisor at Primexis, asks whether EU plans for a directive to introduce a consolidated European corporate tax base (CCTB) would work across disparate economic bases with individual tax codes, rules and rates

TaxAssist Accountants, a network of small business specialist accountants, has gained it 200th shopfront after a new independent accountancy firm has opened in West Yorkshire