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Manufacturers “grind to a standstill” in face of economic and political storm

Britain’s manufacturers have ended the year “at a standstill” as the toll of ongoing political uncertainty coupled with the downturn in major global markets shows little sign of ending anytime soon. That’s according to a major survey conducted by business...
Posted On 04 Dec 2019
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HMRC aims to recover £612 million in underpaid tax relating to R&D tax reliefs

According to accountancy and business advisory firm BDO LLP, Her Majesty’s Revenue and Customs (HMRC) has estimated that businesses have incorrectly claimed £612 million in relation to R&D tax reliefs*. The high level of tax under dispute – described by HMRC as ‘tax...
Posted On 08 Nov 2019
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“Fraud in charities sector hits ten-year high” reports BDO Fraud Track analysis

The cost of fraud to the charities sector hit a ten-year high last year, according to analysis undertaken by accountancy and business advisory firm BDO. Reported fraud within charities soared by £11 m to £20 million in 2018 – an increase of more than 120% and the highest reported...
Posted On 25 Oct 2019
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Reputation and brand damage top current risk agenda for global business leaders

More than three-quarters of global business leaders believe their organisation is being influenced by ‘hype cycles’. That’s according to the latest Global Risk Landscape Report published by accountancy and advisory firm BDO LLP. The survey of 500 global C-Suite...
Posted On 26 Jun 2019
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Potential for “brain drain from UK economy” if concerted effort not made to attract skilled talent post-Brexit

No less than 41,510 Board-level directors of UK businesses are citizens of EU27 countries – over 6% of the total of more than 628,000 directors identifiable by nationality. BDO LLP suggests that the figures unearthed by its study “raise questions” over the potential...
Posted On 23 Apr 2019
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Whistle-blower reports submitted to FCA rise by 24% in 13 months to hit 1,755 mark

BDO LLP states that the total number of whistle-blower reports to the Financial Conduct Authority (FCA) has risen by 24% in the last year to attain an overall figure of 1,755 for the year ending 31 December 2018. That’s up from 1,420 in 2017. There was a 105% increase in...
Posted On 04 Mar 2019
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BDO FraudTrack Report: “Value of fraud more than halves in 2018 from record 15-year high”

In-depth research conducted as part of BDO LLP’s annual FraudTrack Report has found that the total value of fraud in the UK more than halved in 2018 following a record 15-year high in 2017. That value has decreased from £2.1 billion to £746.3 million. The specialist business...
Posted On 28 Feb 2019
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Business advisory firm BDO LLP completes merger deal with Moore Stephens LLP

BDO LLP has now completed its merger with Moore Stephens LLP, in turn creating the largest UK accountancy and business advisory firm focused on mid-sized, entrepreneurially-spirited businesses. The merged firm will operate under the BDO brand and as part of BDO’s international...
Posted On 04 Feb 2019
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BDO Optimism Index: “UK business confidence levels sink to 15-month low”

Business output in the UK has recovered from July’s six-year low, but optimism has hit its lowest level since May 2017, when business confidence wobbled following the announcement of Prime Minister Theresa May’s snap General Election. That’s according to the latest Business...
Posted On 17 Sep 2018
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BDO LLP study shows reported value of fraud now at highest level in 15 years

The total value of fraud has risen by 538% to £2.11 billion in the last 15 years and is up 6.5% from £1.99 billion in 2016. According to the latest study conducted by BDO LLP, the volume of reported fraud increased by 172% to 577, which is up from 212 cases in 2003. Fraud in the...
Posted On 16 Jan 2018
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