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Top story: Menzies and Harris Lipman announce merger

Accountancy firm Menzies is merging with Harris Lipman in a deal that both companies claim will create a partnership with £40m of fee income. Read full story

HMRC moves to shut down 3,000 firms

HMRC last year applied to shut down 3,000 businesses to meet unpaid tax bills, according to a new study. Read full story

Councils step up bankruptcy orders amid “unsustainable” tax debts

More local authorities are being forced to step up bankruptcy actions against individuals, as council tax debts reach an “unsustainable level” of £2.5bn. Read full story

FCA: “Debt management firms still failing UK consumers”

The debt management sector is still failing the UK’s most vulnerable consumers, according to a review published today by the Financial Conduct Authority (FCA). Read full story