The company, which tracks the count each month on its website, reported that just 54 internet companies shut down in the first quarter of 2002 compared with a total of 164 companies a year ago.
There were 17 casualties in March, down slightly from 18 in February and 19 in January. March showed the lowest rate of failures since August 2000 when 10 internet companies failed.
Tim Miller, president of Webmergers, said that, although the worst appears to be over, ‘the tail appears to be pretty long, given that there are a number of holdouts’. He explained that the March numbers are in line with the company’s predictions that the shutdown rate will level out for much of 2002 before declining further.
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