Companies

Image for green budget cuts public spending create uncertainty

HR | Green Budget: cuts to public spending create uncertainty

Long-term planning could be tricky for many government departments as political parties set their goals for public spending. Rowena Crawford and Soumaya Keynes of the Institute for Fiscal Studies analyse the alternative green budget

19 Feb 2015

HR | R3 calls for return of criminal bankruptcy to tackle fraud

Insolvency trade body R3 is calling for the re-introduction of criminal bankruptcy to make it easier to return money from fraudsters to their victims, saying that cuts in resources mean government agencies are failing to chase up recoveries effectively and a change in legislation would enable insolvency practitioners (IPs) to do more to help

17 Feb 2015

Restructuring & Insolvency

Business | SEC claws back $500k in CFO bonuses in accounting fraud case

The US Securities and Exchange Commission (SEC) has clawed back almost $500,000 (£327,000) in bonuses and stock options paid to two former CFOs while their Silicon Valley software company was involved in an accounting fraud, even though neither was found guilty of any misconduct during the investigation

11 Feb 2015

Called to Account

Business | UK loses £98.6m annually to fraud and error

The UK is losing an estimated £98.6bn annually to fraud and error, with losses starting to rise rather than decrease post-recession, according to research from PKF Littlejohn and the Centre for Counter Fraud Studies at the University of Portsmouth

11 Feb 2015

Image for pac E2 80 99s hodge tells finance chiefs pay their share tax

Tax | PAC’s Hodge tells finance chiefs to pay their share of tax

Margaret Hodge MP has criticised professional advisers who accuse MPs of not understanding tax, pointing out it is in fact the profession that advises the Treasury on writing the tax code

10 Feb 2015

HR | Eight out of ten accountants expect pay rise this year

The majority of accounting professionals expect to receive a pay rise this year and most are confident they can find a new role if their salary increase disappoints, according to research by recruiter Robert Walters

10 Feb 2015

HR | TrekFest calls on accountants to take on Brecon Beacons

Accountants are being urged to take on TrekFest this summer – the ultimate charity endurance test organised by Global Adventure Challenges, which involves strenuous hiking over the Brecon Beacons or through the Peak District, all to raise money for charity

6 Feb 2015

Business | Consultation on new EU ‘rescue and recovery' insolvency approach

The government is seeking views on proposals by the European Commission to create a new ‘rescue and recovery’ approach to insolvency across the EU by giving viable businesses a second chance when facing financial difficulties cross-border

6 Feb 2015

Restructuring & Insolvency

Image for woolworth preliminary ruling points employer win

HR | Woolworth preliminary ruling points to employer win

In a long-running case brought against Woolworths, among others, by USDAW, the shop workers union, a preliminary ruling has been issued today by the Advocate General of the European Court of Justice indicating that one first review EU law had been followed by the employers, writes Christopher Davies, associate at Gateley LLP

5 Feb 2015

Image for transition tax obama E2 80 99s attack offshore cash

Tax | Transition tax: Obama’s attack on offshore cash

A review of the US corporate tax system would make more sense than a unilateral attack on the offshore profits of multinationals, argues Tim Wach, global managing director of Taxand

3 Feb 2015

Finance | Legal updates: February 2015

In this month's legal review, Gateley LLP experts review government plans to change the rules on B share schemes to reduce dividend advantages, issues of director authority in the Bass Jarrington v RBS case, plus the latest consultations on legal requirements for audit tendering for listed companies

2 Feb 2015

Business | US TV star sues accountant for $900k

US TV star Jaime Pressly is suing her former accountant for $900,000 (£592,000) plus punitive damages after discovering she owes hundreds of thousands in taxes and has suffered further losses in bad investments

29 Jan 2015

Image for nunn nic exemptions make sense apprenticeships

HR | Nunn: NIC exemptions make sense for apprenticeships

A well trained workforce, with the relevant skills of the industry is critical not only to the success of the business in which they work, but to growth and to our economic viability as a country. Without skills and innovation we will fall further and further behind, while emerging market economies take over, says Yvette Nunn

28 Jan 2015

Business | Swiss franc rise sends spreadbetting firm into administration

The Swiss National Bank’s (SNB’s) sudden decision to end the Swiss franc's peg to the euro last week has seen spreadbetting firm Alpari (UK) Ltd going into administration after facing large losses as the currency rose in value by 25% in a single day

20 Jan 2015

Restructuring & Insolvency

HR | Ben Affleck starts filming lead role in The Accountant

Fresh from his role in the ‘Gone Girl’ blockbuster, Hollywood star Ben Affleck has begun filming for his latest project, a film in which he stars as an accountant who moonlights as an assassin

19 Jan 2015