There has been an 11% drop in the number of job vacancies in the UK’s restaurant sector over the last six months, according to research by Moore Stephens which suggests companies are cutting staff to save on costs

Mothercare has joined the list of high street retailers looking to set up a company voluntary arrangement (CVA) proposal, which will be supervised by KPMG if the company’s proposals are successful

MPs are calling for an overhaul of the finances at Motability, the body which provides access to vehicles for people with disabilities, after a joint Parliamentary committee report found its reserves of £2.4bn are ‘out of proportion’ to the risks it faces and branded the CEO’s £1.7m salary ‘totally unacceptable’

Carillion’s former finance director, who was criticised in the joint select committee’s report on the outsourcer’s collapse as the so-called ‘architect of its aggressive accounting approach’, has challenged claims that he was dismissive of the need to address the company’s pension deficit and demanded a rectification

Restaurant chain Carluccio’s is the latest high street casualty to seek a company voluntary arrangement (CVA) proposal in a bid to reduce rents and cut costs which, if successful, will be supervised by KPMG

David Phillips and Neil Amin-Smith, economists at the Institute for Fiscal Studies (IFS) examine the plans for radical overhaul of the council funding system, the impact of the funding pilot on local authoritiy spending and question whether it is creating fairer distribution of funds for local authorities

On 23-24 May, Accountex – the UK’s biggest accountancy exhibition – will be held at London ExCeL. Here’s a first look at what’s new from some of the exhibitors for 2018, to help you plan your visit

Companies House is sending out reminders to companies and individuals who have failed to publish their ownership information on the people with significant control (PSC) register before their details are passed to the Insolvency Service’s criminal enforcement team

From artists planning an international tour to record labels looking after numerous acts, the music industry can be financially complex, especially now that the sector is shifting from sales to streams. Tony North, co-founder and CEO of Centtrip Music, considers the various tax rules and complex accounting that accountants in this sector face

MPs have raised warnings about procurement issues with a £330m NHS England contract with outsourcer Capita which was designed to achieve a 35% cost saving

MPs are calling for an urgent review into the competition review into the statutory audit market, citing concerns over the lack of competitive tenders, dominance of the Big Four audit firms and an absence of independent scrutiny following the collapse of Carillion, reports Sara White

The Insolvency Service is to publish guidance for employers and insolvency practitioners to clarify how to manage staff redundancies during insolvency to address incompatibilities between insolvency and employment law identified in a call for evidence

The Pensions Regulator (TPR) has come in for heavy criticism in the select committees’ report on Carillion, with MPs describing its response to the company’s ballooning pension deficit as ‘feeble’

Despite efforts to force companies to disclose their ownership through the PSC register, tens of thousands of British companies are still not complying with the rules brought in to counter fraud and money laundering

The joint select committee’s claims of auditor failings in its report on the collapse of Carillion marks a ‘watershed’ for the accountancy profession according to the head of the ICAEW, with the Big Four firms also acknowledging that the statutory audit market needs reform