The government is to review the administration of the business rates systems as part of its commitment to simplifying the tax system and has launched a two-month consultation.
A third of SMEs say they do not have a business plan despite evidence that those that do are consistently more profitable and more than twice as successful in achieving their goals, according to research fromsoftware provider Exact.
Levels of distress among UK businesses have dropped to a record low according to research from insolvency trade body R3 which shows that just a third (33%) are reporting problems
FRP Advisory has secured the sale of Yorkshire firm Reproworld Ltd out of administration to Arc-UK Technologies Ltd, preserving the jobs of all staff formerly employed by the graphic design, print marketing and exhibition solutions company.
CFOs are increasingly bullish about prospects for growth in the UK and eurozone, with confidence levels hitting a six-year high, according to research from Deloitte
BDO has announced that Richard Rose is to take over as lead partner for the West Midlands in charge of the firm’s 265-strong team in Birmingham. He replaces Mark Anslow who is retiring from the partnership to take on the role of CEO at client firm, Pemberstone Ventures. Rose is a senior tax partner who has been with the firm for nine years and is BDO’s national tax spokesperson.
The European Parliament has voted in favour of long-awaited new regulations to reform statutory auditing and open up the EU audit services market, including mandatory rotation of auditors after ten years and a ban on Big Four-only clauses and the provision of some non-audit services to audit clients
As the insolvency profession continues to be scrutinised, there are key points to take on board to avoid accusations of poor conduct, say Jim Oulton and Devi Shah, restructuring experts at Mayer Brown LLP
The director of a year-round Christmas shop which went into administration owing £288,000 to creditors has been disqualified from acting as a company director for seven years for delivering inadequate company records to the administrator, following an investigation by the Insolvency Service
Changes to international tax rules will not discriminate against smaller countries such as Ireland with lower tax rates, according to the latest update from the OECD’s working party on Base Erosion and Profit Shifting (BEPS), although there group warned that companies involved in profit shifting should review their tax approach.
Lee Manning and Nick Edwards of Deloitte have been appointed as administrators to homeware retailer Paul Simon (London) Ltd which has run into financial difficulties as a result of the challenge of online sales and the recent bad weather
The confusing messages around tax legislation and rules from regulators and governments on global taxation is creating uncertainty among businesses as they struggle with compliance and transparency issues according to research by tax advisers, Taxand
From 1 April, estate agents have moved under the HMRC money laundering supervisory remit as opposed to reporting to the Office of Fair Trading (OFT) as was previously the case.
Bumper bonuses in the City to acquistions at SKS Accounting, Channel 4's HMRC fly-on-the-wall documentary and the dangers of negative employee references as highlighted in Jessemey case