The group has been the subject of takeover speculation since the start of the
year, with Accountancy Age reporting in March that the private equity
owners had started a beauty parade of advisers to conduct the sale.
Iris is likely to attract interest from trade buyers such as Microsoft, Infor
and Sage; while private equity groups Advent and Montagu are also said to be
The announcement comes despite vehement denials of any kind of sale by Iris
chief executive Martin Leuw.
‘Iris has always been, and will continue to be, an organisation with a face,’
said Leuw. ‘Expansion will always attract attention and this can manifest itself
in speculation about the business ownership.’
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Colin responds to the call for 'Darwinism' in accountancy
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned