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Prof Services

  • Trade wars turn demand for global tax advisers in £50bn market

    November 12, 2025

    The global tax advisory growth rate for 2025 is expected to nearly double last year’s rate, driven largely by the policies of the US President Trump’s administration, including trade wars and tariffs. According to a new report by research-led advisory firm Source Global Research, the market value for tax advisory services is forecasted to reach [...]

  • Evelyn Partners sells employee benefits business to Howden

    November 11, 2025

    Insurance broker Howden has agreed to acquire the employee benefits consultancy arm of Evelyn Partners. The insurance intermediary group has agreed to acquire Evelyn Partners Financial Services (EPFS) for an undisclosed amount. Subject to regulatory approval, the deal is expected to be completed in the first quarter of 2026. The acquisition is pitched to enhance [...]

  • Reeves’ LLP tax proposal will undermine ‘cornerstone of UK economy’

    November 10, 2025

    A professional services trade body warned that Rachel Reeves’ proposed increase in NICs for LLPs could lead to widespread conversion to limited company structures, undermining a successful British business model. The limited liability partnership (LLP) model, in which members (known as partners) invest their own capital in the business, was introduced 25 years ago and [...]

  • BDO fined £6.5m after regulator slams it for faking audit evidence

    November 6, 2025

    Business advisory giant BDO has been slapped with a £6.5m fine after two of its former audit engagement partners made admissions of misconduct. The Financial Reporting Council (FRC) launched an investigation after receiving formal complaints about the dishonest conduct of a BDO senior manager between 2015 and 2019, including the creation of false audit evidence, [...]

  • UK and Irish BDO firms set sights on ‘landmark’ mid-market merger

    November 5, 2025

    The UK arm of accountancy and business advisory giant BDO is in merger talks with its Irish counterpart, highlighting a clear ambition for growth. The potential merger would be a landmark moment for both businesses. It would create one of the biggest accountancy firms in Europe, focusing on the entrepreneurial, growing, and ambitious mid-market heartland. [...]

  • Minimum wage hike puts pressure on professional starting salaries

    November 3, 2025

    With Rachel Reeves poised to raise the minimum wage in her Autumn Budget, mid-tier professional services firms are bracing for significant impacts across the sector. As reported last week, the Budget will likely see employers forced to raise workers’ wages from £12.21 to at least £12.70 an hour. However, for businesses, especially those in the [...]

  • MHA set to deliver double-digit revenue growth as strategy pays off

    October 31, 2025

    Listed professional services group MHA has revealed that its first half 2026 revenue is expected to jump around 13 per cent from the same period last year, as it remains on track to meet full-year market expectations. In a trading update on Friday morning, the firm said revenue for the six months ended 30 September [...]

  • Record number of UK businesses face financial woes ahead of Budget

    October 30, 2025

    The number of UK businesses in ‘critical’ financial distress has surged as the economy cries out for certainty in Rachel Reeves’ November Budget. The number of businesses in ‘critical’ financial distress surged 78 per cent year-on-year, to 55,530 in the third quarter of 2025, up from 31,201 in the same quarter last year. The latest [...]

  • PwC shrinks global headcount amid $1.5bn AI drive

    October 28, 2025

    Big Four giant PwC has shrunk its global workforce for the first time since 2010, trimming staff numbers by nearly 6,000, as the chairman cited investments in AI tools. In its annual report, published on Tuesday, PwC firms reported record gross revenues of $56.9bn for the 12 months ending 30 June 2025, marking a 2.7 [...]

  • British businesses lead the world in risk management

    October 28, 2025

    UK businesses lead global peers in risk oversight, with nearly eight in ten British businesses reporting that boards are directly involved, a figure significantly higher than global peers. According to Aon’s new ‘global risk management survey’, senior leadership in the UK is taking on greater responsibility for the risks their businesses face, as three-quarters of [...]

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