Insolvency Service

Insolvency profession says fee changes will see fewer rescues

Three-quarters of IPs believe fixed-fees will lead to them taking fewer cases, while 64% think it will reduce the number of business rescues

31 Mar 2014

Jenny Willott

Insolvency Service increases fees by more than 7%

Price for bankruptcy and compulsory winding up proceedings increase an average of 7.5%

14 Mar 2014

EU justice commissioner Viviane Reding speaking in Brussels

EC to roll out Chapter 11 style insolvency across Europe

European Commission approves new approach to business rescue and insolvencies giving more chances to entrepreneurs

13 Mar 2014

Fee & regulatory reform: Insolvency Service inspired by FRC

The Insolvency Service proposes regulating both professional bodies and practitioners, as well as drive efficiency through capping fees, but why are they going to such lengths?

21 Feb 2014

Corporate and personal insolvencies fall, but hide true picture

Banks failing to call in debts and individuals using payday loans skewer government statistics

07 Feb 2014

Interview: Insolvency Service deputy CEO Graham Horne

Insolvency Service deputy chief executive Graham Horne explains why the book on insolvency law is being thrown out the window

27 Nov 2013

Government registry of beneficial ownership to come in

David Cameron announces register of UK company owners

01 Nov 2013

Consultation to simplify insolvency process launched

Proposals to simplify Insolvency Rules such as allowing electronic submissions is launched by the Insolvency Service

27 Sep 2013

Action against unlawful “phoenix” companies doubles

The number of cases launched against company directors involving 'phoenix companies' doubles in 12 months

23 Sep 2013

BDO hands Farepak creditor payment to Insolvency Service

Insolvency Service handed outstanding dividend payments from BDO liquidators to Farepak

29 Aug 2013

Wakefield accountant banned for 14 years

Darren Upton receives 14 year ban from being a company director for swindling client funds designated for the taxman

13 Aug 2013

Creditor meetings could be reduced in an administration

Reduction in red tape across insolvency process could save creditors £36m annually and increase communication with less meetings scheduled

19 Jul 2013

Directors to be liable for corporate collapses

Vince Cable announces changes to company director disqualifications as he reforms insolvency process

15 Jul 2013

Government announces further plans to streamline insolvency

Insolvency Service to hand over regulation of practitioners to an institute and reveals shorter study and exam periods for students

02 Jul 2013

Jo Swinson: More needed but insolvency reform step in the right direction

Consumer affairs minister Jo Swinson writes for Accountancy Age on the incoming reforms to insolvency practitioners’ regulation.

05 Jun 2013

Insolvency complaints body launched

Government cuts red tape and launches a single complaints gateway across the insolvency profession

05 Jun 2013

Two Chesterfield accounting firms shut down

Two closely-related Chesterfield accountancy firms shut down in public interest over poor business practices

24 May 2013

R3 president asks if Insolvency Service can go further

The latest government enquiry into the insolvency profession wasn’t all bad, but highlighted that the Insolvency Service needs to do more, writes Liz Bingham

14 May 2013

Bankruptcies continue to fall

Individual insolvencies continue to decline with simplified bankruptcy process DROs, proving more popular than bankruptcies for third consecutive quarter

03 May 2013

Corporate collapses plummet in first quarter of 2013

Administrations, liquidations and receiverships all continue to decline according to Insolvency Service statistics

03 May 2013

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Bank raiding powers could put HMRC at top of insolvency pecking order

Will HMRC’s new bank raiding powers see insolvency practitioners pursuing it for funds taken illegally in the event of bankruptcy?

Miller's Tale: Quality time(sheets)

Love them or loathe them, timesheets are a part of day-to-day life for most practices. Cara Miller asks whether they're actually outdated, and a hindrance

The Practitioner: In death comes clarity

The untimely death of a client makes The Practitioner think about the role of an accountant

iht-key

Probate: How to manage death and taxes

Mick Jones takes a sideways, but informative, view on the issues accountants face in offering probate services

Colin: There's nothing like a well-thought-out plan

Colin wonders whether some SMEs are keeping it too simple

Taking Stock: When tax is stranger than fiction

Sometimes you just can't make it up, TS finds

Scrapping IR35 all very well – but what else?

IR35 has proven ineffective, but 'what are the alternatives?' asks Calum Fuller

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HM Revenue & Customs

Head Of Financial Control

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Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

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iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.