Tuesday we reported that the ICAEW will tell the government that legal privilege, which protect the clients of lawyers, should be extended to accountants and other professional fields, or be scrapped altogether.
In Whitehall, it was revealed that the horribly bungled tax credits scheme could cost the Revenue hundreds of thousands of pounds in compensation claims after it started paying victims an average of £70 each.
On Wednesday a survey by Deloitte & Touche into football finances said Premier League clubs looked certain to dominate the European stage in terms of revenue, profits and playing talent, but that clubs in the lower divisions would struggle financially,
Thursday, Accountancy Age exclusively revealed that the new-look financial reporting regulator, The Financial Reporting Review Panel, will call in the reports and accounts of as many as 300 companies each year from this autumn, in a radical break with past practice.
And the controversial accounting rule FRS17 could be behind a three-year stagnation in corporate profits, as companies make additional payments to their pension funds.
Friday, latest figures put out by the Department of Trade & Industry revealed a nearly 5% increase in corporate insolvencies, although figures were down on the year, while company IT networks were again at risk, this time from a dangerous strain of ‘virus spam’ which tricks users into allowing deadly infections into their systems.
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
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements