US regulators have slapped a $3bn (£2.3bn) fine on Wells Fargo bank over a long running scandal which saw its employees create millions of fake accounts in order to hit ambitious sales targets

HMRC has set up a specialist team to probe the tax affairs of ultra-high net worth individuals, as it extends efforts to crackdown on possible tax avoidance by some of the UK’s wealthiest families

Rising shareholder dissent hit a quarter of the FTSE all share companies last year, with high levels of executive pay and director re-election topping the list of concerns

An Aberdeen restaurateur has been banned for 11 years after the discovery of almost £800,000 of payments that were not declared to HMRC

A number of business leaders could lose their government advisory roles as Downing Street plans to downsize committee numbers on the business council network

Entrepreneurs’ relief should be reshaped to inspire budding entrepreneurs rather than acting as a way to top up pension pots, argues Phil Hall, head of public affairs, AAT

In this week’s accountancy career moves, partner appointment at Wilkins Kennedy, hires at Kilsby Williams, Quantuma and Wilkins Kennedy and an interim CFO at Fulcrum Utility Services

The boss of a Leeds-based security firm has been banned from being a director after failing to file or pay more than £400,000 due in taxes

In our trainee series, Zak Jakubowski talks to Molly Tait and Matt Pollard, audit trainees at Mercer & Hole, about long working days and their ambitions to become ACA qualified 

A third of all board positions in FTSE 100 are now held by women, but female representation in senior executive roles is lagging with only 15% of finance directors at top UK companies being women

Succession planning is vital in any finance team where the future viability of a business can rest on a poor decision. Matt Weston, managing director of Robert Half UK, sets out the key steps

The Cayman Islands has been put on an EU blacklist of tax havens, the first UK overseas territory to be named and shamed for failing to crack down on tax abuse

The Devon-based firm has fallen into insolvency for the second time in seven years with the loss of around 80 jobs

The Financial Reporting Council (FRC) is to conduct a major review of how companies and auditors assess and report on the impact of climate change

Diageo, the UK-based alcohol producer whose brands include Guinness, Baileys, Smirnoff and Johnny Walker, has been fined $5m (£3.88m) by the Securities and Exchange Commission (SEC)