Notts County has had an unwelcome early Christmas present, with news the High Court is due to hear a winding up order against the country's oldest professional team from HMRC on December 19

The Financial Reporting Council (FRC) has launched an investigation into financial statements put out by retailer Sports Direct, which the audit watchdog says may have failed to disclosed a related party transaction

A long career in business or practice can act as a deterrent to anyone considering a switch of careers. Simon Wright, operations director of CareersinAudit.com says accountants need to be more gung ho and consider the career opportunities

A report from the think tank the Big Innovation Centre (BIC), which includes input from a PwC partner, has poured cold water on prime minister Theresa May’s proposal for shareholders to have a binding vote on executive remuneration and has also challenged the idea that companies should be required to publish pay ratio data

Opinion is divided as to the impact on company car provision following the Chancellor’s announcement in the Autumn Statement of a radical overhaul of the current salary sacrifice arrangements, with suggestions that there is likely to be a rush of purchases pushed through before the April 2017 start date for the new tax regime

All the latest career moves from partner appointment at MHA MacIntyre Hudson to hires at Moore Thompson and Mitchells, group finance director for BCA Marketplace and CFOO hire at law firm Ashurt

The Autumn Statement included details of an additional £79.4m in funding over the lifetime of this Parliament for the Department for International Trade (DIT) to build capacity to support the UK’s exit from the EU and negotiations for the best possible global trading arrangements for the UK.

Part of the rationale behind the decision to drop the Autumn Statement was acceptance by the government that continual changes to the tax code are damaging for business, so it has now streamlined the Budget process and committed to an improved consultation process

The VAT flat rate scheme (FRS) for limited cost businesses is set to increase to 16.5% from the current rate of 14.5%, effective from 1 April 2017 based on defined criteria for a limited cost trader

Individuals and business have been hit by a further rise in the insurance premium tax (IPT) to 12% from 2017, effectively doubling the rate in two years

The abolition of the Autumn Statement and shift of the Budget to the third quarter of the year will reduce churn in the tax code, says the Institute of Directors' head of taxation Stephen Herring

The government will legislate in Finance Bill 2017 to add specific provisions to the Patent Box rules covering cases where research and development (R&D) is undertaken collaboratively by two or more companies under a ‘cost sharing arrangement’