Costs of listing on AIM continues to rise defying fall in IPOs
The costs of listing on AIM have continued to increase over the last year to reach an average of 6.7% of all funds raised, up from 6.2% in the previous 12 months, reveals research from our experts and City law firm Trowers & Hamlins.
Read MoreBournemouth tops table for creating new businesses
Bournemouth tops the league of the UK’s 50 largest towns and cities for the biggest growth in the number of new businesses in the last year, followed by Milton Keynes, Northampton and London in joint second place, according to our experts.
Read MoreTaxman enjoys far more generous expenses policy than ordinary taxpayers
Employees of HM Revenue & Customs enjoy a far more generous expenses policy than ordinary employees. According to information obtained by our experts, HMRC has a blanket dispensation on all expenses, which means that unlike ordinary taxpayers, employees of HMRC do not have to provide receipts to prove expenses have actually been incurred.
Read MoreOur Chester office advises restaurateurs on the sale of Mediterranean restaurant group Ego
Our Chester office has advised the founders of Ego, the North West restaurant group, on its sale to the former management team of La Tasca, the nationwide Spanish tapas bar chain.
Read MoreOur Brighton office promotes new partner
Our Brighton office has promoted Chris Kyffin-Walton to Partner. Chris joined our Brighton office eight years ago and in that time he has built up considerable experience within the firm’s specialist Hotel & Restaurant sector, working closely with a number of Sussex’s hospitality businesses.
£1.7 billion rise in green taxes
The Chancellor has announced a further £1.7 billion increase in green taxes at the Budget (by 2010-11). Research by our experts last year revealed that the Government gives back just 2% of what it takes from taxpayers in green taxes as green tax breaks.
Read More2008 Budget Announcement
The Chancellor of the Exchequer, Alistair Darling, delivered his first Budget Speech on Wednesday 12 March. We have produced an overview of the announcements most likely to affect you or your business.
Unreported property income and gains
Given the buy-to-let boom of recent years, it is no surprise that H M Revenue & Customs (HMRC) believe that there are many investors out there who have failed to return (and pay tax) on either their letting income or the capital gain arising on the sale of such properties.
Read MoreHMRC staff morale plunges to a new low following data loss scandal
The latest HMRC staff survey results show that the organisation’s morale has been dragged to a new low in the wake of the missing data scandal. Our experts says that the results are further proof of the ongoing disorder at HM Revenue & Customs (HMRC) caused by the mishandled merger of Customs & Excise (C&E) and the Inland Revenue (IR) in 2005.
Select Retail in Administration
Select Retail, the national women’s fashion retailer, was placed into Administration on Friday 22nd February 2008, against a backdrop of its deteriorating trading performance in the first quarter of 2008. Our Turnaround and Recovery specialists moved quickly to evaluate the business and negotiate the sale of approximately half of the 250 retail units to a management buy-out team.
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