HMRC and Companies House are making improvements to the online filing process for micro-entity companies following an EU Directive to reduce red tape for business

Google has signalled its intention to work closely with the accountancy profession to build up a new range of services after signing a number of deals with professional services companies to push search tools and cloud-based apps 

The Centre for London, a politically independent think tank, has issued a manifesto calling for the capital to be given control over property taxation and for it to keep a portion of income tax raised in the capital

Geoff Rowley and Geoff Carton-Kelly, partners at FRP Advisory, have been appointed joint administrators to Manor Grand Prix Racing Ltd, the company behind the Marussia Formula 1 racing team, as ongoing funding concerns threaten the team’s future in the sport and the jobs of 200 members of staff

An ICAEW chartered accountant has achieved an intellectual double triumph, by winning both the Times crossword championship and the newspaper’s sudoku competition in the same year

Smith & Williamson has been appointed as administrators to Caterham Sports Ltd (CSL), the company that designs and builds cars for the Caterham Formula 1 team which has filed for insolvency, putting hundreds of jobs at risk

KPMG is targeting the SME market with a £40m investment in a technology platform that will enable the firm to deliver accounting services to small and start-up businesses at a fraction of its usual fees

There has been a steep rise in the number of SMEs using luxury personal assets such as jewellery and top of the range cars to gain funding for the business, as many continue to experience problems in accessing traditional sources of finance, according to Borro which specialises in offering loans against high value items

Two disqualified directors who were found to be in control of a series of retail businesses while still banned from running a company have received prison sentences and a further disqualification, following an investigation by the Insolvency Service and the Department for Business, Innovation and Skills (BIS) into the companies which collapsed owing over £10m