News : BDO

UK businesses across the South call for clarity over tax avoidance vs. tax plann...

2/25/2011 9:22 AM EST - Logical Creative Marketing

• 61% of businesses unclear as to what is classed as legitimate tax planning and what constitutes tax avoidance
• A third of businesses feel HMRC treat them as guilty until proven innocent
Nearly two thirds of businesses feel that the current tax framework is so complex that they are not clear as to what constitutes legitimate tax planning or whether they will be accused of tax avoidance. This is exacerbated by...

Five year fraud figure tops £7bn

2/11/2011 7:32 AM EST - Logical Creative Marketing

Are whistleblowers running scared?
Reported fraud in the UK exploded over the last five years and broke the £7bn barrier according to figures recently released from BDO LLP’s annual FraudTrack report.

BDO’s team of specialist fraud investigators predicts that the £7bn mark is just a precursor of worse things to come and warns that annual reported corporate fraud will continue to rise significantly over coming...

Canny consumers command UK high street

10/27/2010 6:56 AM EST - Logical Creative Marketing

Businesses disregard new consumer psychology at their peril
A report published today by accountants and business advisors BDO LLP unveils a new breed of consumer which is threatening the UK high street, rendering retailers vulnerable should they fail to evolve with the post-credit crunch consumer mindset.

As the UK emerges from the depths of the economic downturn, the report - Transitions to the New Consumer -...

As scientists rally against the planned cuts to research budgets, South Coast bu...

10/22/2010 5:34 AM EST - Logical Creative Marketing

Over 60 business leaders from across the region enjoyed an inspiring seminar at The Rose Bowl, organised by BDO LLP’s Southampton office, Paris Smith LLP and Barker Brettell LLP to discuss the future of innovation and Intellectual Property (IP) in the UK.
Rupert Merson from London Business School set the scene and posed some interesting questions to the audience, one being:
“Are you optimistic about the UK...

Southern Businesses to lead UK recovery

9/16/2010 10:08 AM EST - Logical Creative Marketing

Despite Mervyn King predicting a “choppy recovery” following the latest Quarterly Inflation Report, there are signs that the region’s businesses are in a good position to lead a strong recovery and avoid the feared double-dip recession.
Export business through the Southampton docks and the strength of manufacturing in the region are promising signs, as are the most recent Office of National Statistics figures...

Fraud breaks £1bn barrier in 6 months

7/20/2010 3:50 AM EST - Logical Creative Marketing

Recession exposes fraud while regulators are poised to pounce
The growth of fraud in the UK continues unabated according to BDO LLP’s six monthly update on reported fraud entitled “FraudTrack”. For the first six months of this year fraud losses rocketed to £1.06bn and eclipsed previous half year figures and were almost the same as for the whole of 2008.

This is the first time fraud levels have soared above...

The region’s business leaders are split on whether the Budget will benefit the l...

6/23/2010 9:56 AM EST - Logical Creative Marketing

In a breakfast seminar hosted by business advisors and accountants BDO LLP in Southampton, around 200 business leaders from across the region gathered to hear how the Emergency Budget could impact on their organisations, with just under half believing it would benefit local business, but overall 98 per cent thought it struck the right balance.
During the seminar, the tax team at BDO LLP in Southampton posed a...

Freefalling business confidence paves way for downwards growth revision

6/16/2010 6:42 AM EST - Logical Creative Marketing

Talk of cuts provokes record fall in optimism
New findings from the latest BDO Business Trends report add to the pressure on the new Office of Budget Responsibility to dramatically lower government growth forecasts. BDO, believes that 2011’s growth forecasts now need to be revised down to between 1.5 and 2.5 per cent from the 3.0 to 3.5 per cent proposed by the last government.

With the new body poised to...

A ‘Loch Ness Monster-shaped’ recovery is predicted

6/1/2010 10:01 AM EST - Logical Creative Marketing

Business chiefs and leading futurologist meet to examine region’s economic prospects and to mark the release of the Central South Report 2010 – the third annual analysis of the region’s top 150 companies
Over 100 of the region’s top business leaders met at a dinner last week to take a dramatic ‘trip to the future’ and discuss the region’s economic prospects. The dinner, to celebrate the third Central South...

Stephen Radley Lars Fylvholm Robin Lloyd Caroline Armitage

Manufacturing Sector “Cautiously Optimistic” in the South East

5/6/2010 8:15 AM EST - Logical Creative Marketing

A dinner at the Spinnaker Tower in Portsmouth, organised by Top Five Accountants BDO and leading regional law firm Thomas Eggar brought together some of the leading figures in manufacturing to discuss the current challenges within the industry and opportunities for the future.
Speaking at the event were Stephen Radley, Director of Policy and External Affairs for the EEF, the UK’s leading industry body for the...

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