The director of a company which traded fines wines for diamonds has been disqualified for 13 years for giving false information to customers and failing to keep any accounting records following an Investigation by the Insolvency Service

Changes to the rules on claims for entrepreneur’s relief in the event of a company sale led to a spike in solvent companies being wound up in March before the new capital gains tax (CGT) rates came into force, according to the latest figures from insolvency body, R3

Over half of smaller business owners (55%) say their company’s growth is being held back by the amount of time they have to dedicate to business administration, according to research from the Federation of Small Businesses (FSB), which also shows small companies spend an average of £3,600 on help and advice with tax compliance. 

The Competition and Markets Authority (CMA)  has proposed a  package of measures to deliver better banking services to SMEs as part of its provisional decision on remedies to reform retail banking, designed to improve competition and get a better deal for customers, which include encouraging accountants to provide more advice on choice of bank account and sources of funding

The government’s attempts to spend more with reach small and medium-sized enterprises (SMEs) have stalled, according to a report by the Public Accounts Committee (PAC), which says it not convinced that increasing spending with SMEs is being given sufficient priority, while there is evidence of larger providers continuing to dominate

UK drinks giant Diageo has disclosed its Latin America sales for this financial year will be reduced by 2% as the result of an accounting error relating to sales of its luxury tequila brand Don Julio last year, which meant some sales were recorded twice

The Low Pay Commission (LPC) is to launch a series of research projects to consider the impact of the new living wage on business with an initial call to tender from researchers

FIFA’s head of auditing and compliance, Domenico Scala, has resigned in protest at new rules which he says will compromise independence and impede corruption investigations at the scandal-hit global football organisation

When a thorny VAT issue rears its head, Finance Mole heads for a flash meeting at the glass and steel towers of one of the Big Four accounting firms

The UK software division of Wolters Kluwer has launched an initiative to integrate its UK software with a number of UK cloud accounting providers in a move that helps accountants improve efficiency and their service offering to small and medium sized businesses

A move to curb the use of shareholder and directors' loans under section 455 of CTA 2010 will raise the tax liability for directors, warns Cathy Corns, corporate tax partner at Mercer & Hole. Find out how the changes will hit company owners with a selection of worked examples

Andrew Duncan and Neil Bennett, directors of Leonard Curtis Business Solutions Group, have been appointed joint administrators to B2B cloud music platform provider Omnifone Ltd and its subsidiary Omnifone Group Ltd