Kate Reid has been appointed managing partner for Baker Tilly’s Bristol and Bath offices, with responsibility for the firm’s strategy and business development. Reid joined the firm as partner in 2010. Before joining Baker Tilly, Reid spent 13 years at accountancy firm Watts Gregory LLP as a partner and board member. She also worked in various business roles, inclluding and head of finance for retail chain Gilesports, and a consultant at marketing and communications agency, KR Consultancy

The Institute of Financial Accountants (IFA) has announced changes to its disciplinary processes and procedures designed to ensure its approach is more robust and to make the complaints process more transparent

FD pay packets jump 5% to hit £105k, Baker Tilly names Railton as North East practice head, Social media at heart of campaign to widen access to accountancy jobs, date for National Tax & Accountancy Conference and developments in employment law

Deloitte have been appointed as receivers to the iconic building known as the Gherkin, a familiar landmark in the City of London skyline for the past ten years, which has got itself into a financial pickle over its complex funding arrangements

Mt Gox, the Tokyo-based bitcoin virtual currency exchange, has gone into administration following the decision by a Tokyo court to reject proposals to restructure the largest online currency marketplace

Small to medium sized businesses are struggling to grow despite signs of an upturn across the economy and particularly signs of strong recovery at larger UK businesses, warns restructuring specialist Begbies Traynor which has noted a marked increase in SMEs reporting problems in the last quarter

BDO has appointed Mark Hunt as the head of its financial services practice. Hunt was a partner at KPMG from 1994 to 2007 before joining BDO where he has been a senior forensic and dispute advisory partner

The days of the pasty may be numbered as the West Cornwall Pasty Co goes into administration and is sold to a private equity business 

US multinationals are holding more than $2.1 trillion (£1.25trn) in profits overseas in a bid to avoid domestic income taxes, according to research by Audit Analytics.

ICAEW is challenging the view that adopting quotas is the most effective way of bringing about greater diversity on boards, saying that when it comes to encouraging wider views and perspectives at the top level in companies there should be no rules.

Peter Townsend is retiring as chairman of East Midlands firm Duncan & Toplis 47 years after he first joined the Grantham office as a school leaver. Townsend, who was the firm’s managing partner for eight years from 2004, will continue in his role as managing director of sister company Castlegate Financial Management.