Tax inspectors in the south-eastern city of Calabar recently carried out a daring raid on the city’s locations of alleged ill-repute. Over 100 women were rounded up as tax inspectors claimed that they had evaded tax payment in 1973/74. Clients were reported to have jumped out of windows as officials forced their way into rooms, and some reputed brothels bolted their doors. But the tax collectors remained upbeat. One Mr Umoren said: ‘The women might resist at first, but they will eventually pay up with pride.’ The question now facing Taking Stock is whether all prostitutes pay their taxes with pride. We shall of course be unstinting in our efforts to uncover the truth.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.