Can accountants stop the insolvency rot?
Business

Can accountants stop the insolvency rot?

2m Institute of Financial Account...

Can accountants stop the insolvency rot?

November 2023 saw a 21% jump in insolvencies from November 2022, as 2,466 businesses filed for bankruptcy. Is there any way of slowing these growing s...

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HMRC shifts greater responsibility to insolvency practitioners following cessation tax clearance services
HMRC

HMRC shifts greater responsibility to insolvency practitioners following ce...

4m Accountancy Age

HMRC shifts greater responsibility to insolvency p...

Will the absence of these clearances increases the risk of discovering tax liabilities after the dissolution of the company, leading to financial burd...

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Insolvency statistics for Q2 ‘highly concerning’
Business Recovery

Insolvency statistics for Q2 ‘highly concerning’

9m Greg Noble

Insolvency statistics for Q2 ‘highly concerning’

There were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...

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Loose regulation allows insolvency to be “weaponised”, MP says as APPG report casts shadow over industry
Insolvency

Loose regulation allows insolvency to be “weaponised”, MP says as APPG repo...

3y Sam Alberti

Loose regulation allows insolvency to be “weaponis...

Parliamentary report seeks to eradicate conflict of interest in "Wild West" insolvency industry Read More...

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Experts reject ‘insolvency tsunami’ predictions but advise caution
Insolvency

Experts reject ‘insolvency tsunami’ predictions but advise caution

3y Sam Alberti

Experts reject ‘insolvency tsunami’ predictions bu...

Forecasts suggesting a wave of corporate insolvencies on the horizon are alarmist, but rescue tools and advisory services should still be considered, ...

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KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say
Insolvency

KPMG insolvency misconduct “further emphasises” need for independent regula...

3y Sam Alberti

KPMG insolvency misconduct “further emphasises” ne...

The landmark case is said to have exposed patterns of neglect in the profession Read More...

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Insolvency figures mask dire reality for UK business
Brexit & Economy

Insolvency figures mask dire reality for UK business

3y Tom Lemmon

Insolvency figures mask dire reality for UK busine...

Last year’s compressed corporate insolvency statistics conceal reality of the state of the UK economy Read More...

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ACCA director: Cost of insolvency regulation unsustainable
Insolvency

ACCA director: Cost of insolvency regulation unsustainable

3y Aoife Morgan

ACCA director: Cost of insolvency regulation unsus...

Association relinquishing RPB authority Read More...

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Numerous ‘perverse outcomes’ prompts parliamentary review into insolvency
Accounting Firms

Numerous ‘perverse outcomes’ prompts parliamentary review into insolvency

3y Tom Lemmon

Numerous ‘perverse outcomes’ prompts parliamentary...

Back-bench MPs call for evidence Read More...

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Deloitte partners face £19m insolvency lawsuit
Big Four

Deloitte partners face £19m insolvency lawsuit

4y Tom Lemmon

Deloitte partners face £19m insolvency lawsuit

Relationship between insolvency practitioners and banks under spotlight again Read More...

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Insolvency panel arrangements risk creating conflict of interest, says lawyer
Insolvency

Insolvency panel arrangements risk creating conflict of interest, says lawy...

4y Tom Lemmon

Insolvency panel arrangements risk creating confli...

Panel arrangements between banks and insolvency practitioners (IPs) run the risk of creating a conflict of interest, according to Joanna Ford, partner...

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Rise in insolvency and creditor action expected
Insolvency

Rise in insolvency and creditor action expected

4y Jeremy Chan

Rise in insolvency and creditor action expected

Practitioners braced for “storm” of activity Read More...

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MP calls for new insolvency regulator over ‘massive’ conflict of interests
Insolvency

MP calls for new insolvency regulator over ‘massive’ conflict of interests

4y Tom Lemmon

MP calls for new insolvency regulator over ‘massiv...

Conservative MP calls for outlaw of panel agreements and an insolvency tribunal to prevent “egregious” behaviour Read More...

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Corporate Insolvency and Governance Act 2020: A review
Business Recovery

Corporate Insolvency and Governance Act 2020: A review

4y Wayne Beck

Corporate Insolvency and Governance Act 2020: A re...

By Wayne Beck, associate, Faegre Drinker Read More...

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New insolvency bill a positive lifeline for struggling businesses, but questions remain
Coronavirus

New insolvency bill a positive lifeline for struggling businesses, but ques...

4y Bob Pinder

New insolvency bill a positive lifeline for strugg...

The Corporate Insolvency and Governance Bill began its passage through the Lords this week, after a speedy journey through the Commons. As the largest...

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UK alters insolvency law landscape
Coronavirus

UK alters insolvency law landscape

4y Jeremy Chan

UK alters insolvency law landscape

The government has announced a number of changes to insolvency law in an effort to support in-distress businesses Read More...

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Report: Avoiding insolvency in midst of crisis
Coronavirus

Report: Avoiding insolvency in midst of crisis

4y Jeremy Chan

Report: Avoiding insolvency in midst of crisis

Insolvency has become a major threat across most UK markets, as businesses scramble for ways to avoid getting sucked under Read More...

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Governance and culture questions raised among insolvency practitioners
Insolvency

Governance and culture questions raised among insolvency practitioners

4y Kevin Reed

Governance and culture questions raised among inso...

Insolvency practitioners must tread a fine line in undertaking their role, and move onto how practices must get a grip on a permissive culture and loo...

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Pensions play a crucial role in insolvency
Pensions

Pensions play a crucial role in insolvency

4y Jeremy Chan

Pensions play a crucial role in insolvency

For firms in financial duress, employee pensions expenses can be fatal. Giving them a spot at the table may be a better option. Read More...

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Insolvency: Recognising the warning signs
Insolvency

Insolvency: Recognising the warning signs

5y Stephen Wainwright

Insolvency: Recognising the warning signs

There are a number of warning signs that a company is in financial distress and action is required, says Stephen Wainwright of Poppleton & Apple R...

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Insolvency implications – extending joint and several liability
Tax

Insolvency implications – extending joint and several liability

5y Emma Rawson

Insolvency implications – extending joint and seve...

ATT's Technical Officer Emma Rawson talks about new powers for HMRC, Tax avoidance and evasion cases and the scope for uncertainty Read More...

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Personal insolvency rate continues to rise
Insolvency

Personal insolvency rate continues to rise

5y Chris Jewers

Personal insolvency rate continues to rise

The Quarter 2 figures show 30,936 individuals entered either bankruptcy (4,228), a debt relief order (6,752) or an individual voluntary arrangement or...

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HMRC preference in insolvency cases a 'bad deal', says industry
Insolvency

HMRC preference in insolvency cases a 'bad deal', says industry

5y Beth McLoughlin

HMRC preference in insolvency cases a 'bad deal', ...

Insolvency and restructuring trade body R3 and leading figures in the sector warn of the impact on lending the Government's Finance Bill will have as ...

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Insolvency of LLPs – liability and risk for partners
Legal

Insolvency of LLPs – liability and risk for partners

5y Mark Lim

Insolvency of LLPs – liability and risk for partne...

Mark Lim, partner in the dispute resolution team at law firm Lewis Silkin, outlines what partners need to know in the event of an insolvency for an LL...

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Disclosure requests from insolvency practitioners – not always a rock and a hard place
Insolvency

Disclosure requests from insolvency practitioners – not always a rock and a...

5y Edward Starling and Lucy Phoenix

Disclosure requests from insolvency practitioners ...

Just how much information should an accountant disclose in the event that a company goes insolvent? Lucy Phoenix and Ed Starling, Wedlake Bell LLP cla...

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Checklist of steps to close a business and declare insolvency
Insolvency

Checklist of steps to close a business and declare insolvency

5y Gareth Platt

Checklist of steps to close a business and declare...

Follow our checklist through all the steps of closing a business - solvent or insolvent Read More...

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Protecting taxes in insolvency – bad for business?
Insolvency

Protecting taxes in insolvency – bad for business?

5y Stewart Perry

Protecting taxes in insolvency – bad for business?

As government plans to give HMRC preferential creditor status in company insolvency proceedings become clearer, Stewart Perry*, restructuring and inso...

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Insolvency and ‘zombie businesses’
Insolvency

Insolvency and ‘zombie businesses’

5y Emanuela Hawker , Reporter

Insolvency and ‘zombie businesses’

What is a ‘zombie business’? And how did AIM-listed companies fare in 2018? Read More...

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