Begbies Traynor has posted positive preliminary year-end figures, with a
profit before tax and amortisation of £7.3m.
Executive chairman Ric Traynor said that although the general insolvency
market had been ‘static’, economic indicators suggested that there would be more
struggling businesses in the near future.
Revisions of revenue recognition rules saw Begbies recognise more revenue
from work undertaken, resulting in additional historical tax charges of
£500,000, payable over three years.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK