Insolvency

Insolvency Service

Corporate insolvencies increase but personal sees 6.1% drop

Corporate insolvencies increase 10.5% on the previous quarter while personal insolvencies including bankruptcies over the year decline

02 Aug 2013

Grant Thornton administrators to sue PwC for €1bn

Administrators to sue PwC for its role in collapse of Quinn Insurance. PwC hits back that claim contains “factual inaccuracies”

30 Jul 2013

Engagement ring

Taking Stock: Return of the ring

TS loves a feel-good story

25 Jul 2013

Supreme Court quashes Nortel/Lehman pension rulings

The Supreme Court has overturned a ruling that pension payments in insolvencies should be treated as an expense of the administration

24 Jul 2013

Zolfo Cooper administrators sell Nicole Farhi fashion retailer

Administrators manage to sell all stores, e-commerce arm and concessions of collapsed fashion retailer

23 Jul 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

EY administrators sell Internacionale as pre-pack

Administrators arrange pre-pack sale to existing backers safeguarding 1,550 jobs

16 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

Zolfo Cooper administrators called to Nicole Farhi fashion retailer

Peter Saville leads administration of fashion retailer Nicole Farhi which has had three owners in as many years

04 Jul 2013

Better pension payoff for longer workers in company insolvency

DWP confirms that longer-serving employees with larger pension pots will not lose out as much previously during the corporate insolvency process

28 Jun 2013

FRP administrators called to UK based food manufacturer

Q Cold enters administration after the loss of a key contract

26 Jun 2013

Blood on the high street as big names set for insolvency

Dwell, Internacionale, ModelZone and Ark all set to enter insolvency around the quarterly rent due date

26 Jun 2013

Moore Stephens liquidators appointed to London Olympics organisers

Phillip Sykes and Jeremy Willmont from Moore Stephens appointed liquidators to the London Organising Committee for the Olympic and Paralympic Games (LOCOG)

25 Jun 2013

David Rubin administrators line up buyer for Coventry City FC

Administrators line up Otium Entertainment to buy the collapsed club, but fans are disgruntled that it is registered to directors that own the parent company of Coventry City FC

17 Jun 2013

RSM Tenon bolsters London restructuring team

Grant Thornton partner Andrew Hosking and Baker Tilly partner Sarah Batchelor join RSM Tenon’s London restructuring team

12 Jun 2013

Hearts face yet another HMRC deadline

Heart of Midlothian FC could be served a winding-up order, should it fail to pay around £100,000 in outstanding PAYE and NICs

10 Jun 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

Minority bondholders given ammunition to fight back

Following a court decision restructurings which penalise minority bondholders could fall foul of the law explains Craig Barrett

31 May 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

Page 4 of 21

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Organisations are now looking for a software service that is cost effective, flexible, streamlined and able to meet the needs of the business both today and in the future

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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

HM Revenue & Customs, Telford, Full Time, Permanent/p>

 

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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.

cchcover

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.