Following the acquisition of the consultancy arm of Ernst & Young, a benefit could arise from the deductibility of goodwill amortisation in the US. The saving could mean savings of up to £60m a year for the French-owned company, the Financial Times reported.
In yesterday’s results the Cap Gemini reported a £86m net tax gain, which helped to boost its statement to a 76% increase in net profit.
The good results were, however, offset by the firm losing 25% of its staff because of uncertainty caused by the recent merger.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
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