UK Tech Companies ‘Punching Above Their Weight’

Buoyant tech sector expects rise in business activity and recruitment. The booming UK tech sector is outstripping the UK economy as a whole in terms of business activity and hiring rates, according to KPMG findings. The latest KPMG/Markit Tech Monitor UK report has found that almost 50% of UK tech companies expect to hire staff over the next 12 months. Meanwhile, the PMI Employment Index shows that current job hiring by UK tech companies is close to its strongest for three years, and faster than the UK private sector average. Business activity growth in the first quarter of 2014 was also strong, almost as fast as the ten-year high reached at the end of 2013. Improved domestic economic outlook, increased investment spending and buoyant client demand were all indicated by the findings as key... »

Rise in Fraud Threatens Small Business says KPMG

Fraud against UK businesses is on the rise ― that is the warning from KPMG after its research highlighted that the cost of fraud against commercial organisations exceeded £64 million in the first six months of this year. The report found that the cost of fraudulent activity against public and private sector organisations increased by a third in the first six months of 2011 on the same period in 2010. KPMG added that while big businesses bore the brunt of the cost of fraud against commercial organisations, it could also cripple small firms. “Although it’s just as prevalent in larger organisations, small and medium-sized businesses are more likely to suffer dire consequences as a result.” said KPMG UK forensic partner Hitesh Patel. “For small companies, fr... »

Business Fraud - The Growing Problem

Business Fraud – The Growing Problem

Small and Medium Sized Enterprises fear that they might be more at risk due to the financial crisis. An increase in fraud and other forms of financial crime is one of the unfortunate consequences of the current unstable financial environment across Europe, says John Davies, head of business law at ACCA (the Association of Chartered Certified Accountants) Citing recent figures from KPMG‘s Fraud Barometer, John Davies says there has been an increase in fraud cases – in the first half of 2009 over 160 cases of serious fraud, involving a total of £636 million, were brought before the UK courts: the highest 6-monthly figure in the 21 year history of the KPMG barometer. John Davies says: “It is a matter of concern that many businesses do not seem to be taking reasonable s... »