Millennial business owners are not happy with the service provided by their existing accountants and bookkeepers, with more than 39% of owners actively looking to replace their existing adviser in the next year

The Official Receiver and administrators at EY have secured a deal to sell British Steel to Chinese steel giant, Jingye Steel (UK) Ltd and Jingye Steel (UK) Holding Ltd, subject to regulatory approval

Big Four firm KPMG has signed an agreement with a specialist research, innovation and investment agency Axillium to support clients access research and development (R&D) grants

Chartered accountants BKL has acquired Green & Purple, an accounting firm specialising in providing chief financial officer (CFO) led virtual finance office services

Growing an accountancy practice in a highly competitive business environment requires a strategic vision and the desire to shake off the comfortable status quo. Keith Underwood, managing director of Foulger Underwood, gives some useful tips on how to future-proof your business

ICAEW has announced a partnership with financial data analytics software company Inflo to give smaller accounting firms access to analytics dashboards and artificial intelligence (AI) tools

Labour party plans for a four-day week have been criticised by a think tank which claims the impact on productivity would cost up to £17bn a year, but there are advantages of offering a more flexible work environment to employees 

Global accountancy network MGI Worldwide and association CPA Associates International (CPAAI), headquartered in the US, plan to merge in the new year

Big Four firm KPMG has denied that it is planning to cut around a tenth of its partners in a bid to get the firm back on track and improve performance, saying that around 50-60 partners leave the firm each year through natural churn 

The Big Four audit firms have pushed all competition out of the FTSE 100 audit market in the last 12 months as BDO and Grant Thornton both lose top tier audit client ranking

Leaders from Deloitte, EY and PwC have been named on this year’s annual role model lists published by Involve, a membership organisation championing diversity and inclusion in business

Mid-tier firm Grant Thornton has shifted its accounting period by six months, from June to December, and has released an interim transparency report showing a drop in partner profit for the past 12 months

Stephen Haddrill, former head of the Financial Reporting Council (FRC), has been hired as director general of the Finance & Leasing Association (FLA)

Jim Harra, a thirty plus year tax veteran, is set to take over the top job at the HMRC after acting in an interim role since Sir Jon Thompson moved to the Financial Reporting Council (FRC)

RSM International has overhauled its regional structure in France, uniting five long-standing separate firms in a full merger, with plans to drive growth following changes to the regulatory environment