Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: VAT RATES :: form 3cd :: due date for vat payment :: empanelment :: TDS :: cpt :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« General »
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956
 Introduce indemnity clauses with suppliers on tax compliance: Expert

PwC: The recession has not bottomed
July, 23rd 2009

A slight drop in the number of insolvencies in England and Wales is masking a potential climb again in the last quarters of 2009 according to PricewaterhouseCoopers LLP.

PwC analyisis in corporate insolvency numbers show that 4,814 companies became insolvent in the second three months of 2009.

This represents an 11.3% decrease on the previous quarter, but is still a huge 43.2 % increase on the same quarter of 2008.

The first 6 months of 2009 saw a total of 10,242 companies entering into insolvency a 33.8% increase on the first 6 months of 2008 showing that the recession really has hit the UK economy in 2009.

Mike Jervis, partner in the business recovery services practice at PricewaterhouseCoopers LLP, commented:

Our analysis of this quarters stats does show a slight drop in the number of insolvencies, but when we look back over the last 5 years we see that quarter two does traditionally have a dip in numbers. Furthermore, we are now seeing quarterly numbers in the four and five thousands, not the two or three thousands we have grown used to.

Our message to businesses is not to take this quarter two drop as a sign that the recession has bottomed; Continue to plan your cashflow and your profitability obsessively, by challenging expenditure and developing strategies for any signs of falling demand. Do not be afraid to consult, and ask for help from advisers or turnaround managers.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions