In this tough economic climate, with reports of firms closing on a daily basis, audits have become a vital tool in improving the efficiency and profitability of a business.
In the wake of the jailing of stockbroker Nick Levene for 13 years earlier this month in what is estimated to be a £32m “Ponzi” fraud, the National Fraud Office and the Financial Services Authority launched a campaign this week to warn investors against becoming victims of financial scams.
The latest figures from the Office for National Statistics have revealed that public sector net borrowing stood at £6.7bn last month, £2.3bn worse than in October last year.
The recent purchase of a Jersey-based fund administrator by a UK buyout firm is a good example of how fund administration is an attractive sector for buyout.
The Minister for Women and Equalities, Maria Miller, announced last week that grants of up to £500 will be available from April for anyone setting up a childminding or nursery business.
A new study has revealed that over 90 per cent of businesses want to see a cultural shift in the way they comply with regulations, while over 60 per cent of those surveyed say that they plan to focus on compliance over the next year.
This week the European Court of Justice (ECJ) ruled that the UK’s historic tax treatment of dividends paid by foreign subsidiaries breached EU anti-discrimination laws, which could see the Government paying £5bn in tax refunds, going back to the 1970s, to multinationals with headquarters in the UK.
Recent data shows that activity and valuations for deals involving European technology, media and telecommunications (TMT) companies would not be showing much movement had it not been for the merger between T-Mobile USA and MetroPCS Communications.