The Sunday Times Rich List 2001 has been compiled, and shows a dramatic reversal of fortune for many technology stars of the past few years, and also highlights the extraordinary wealth generated from recruitment services!

In its Annual Report for 2001, the Adjudicators Office highlights that there was a 4% increase in the number of complaints either wholly or partly upheld against the Inland Revenue. "The complaints we see highlight issues that in some way leave a taxpayer feeling dissatisfied." states the report.

According to a revealing report in yesterday's Sunday Times, Inland Revenue staff have been sending out tax demands which they know to be wrong, and which are costing taxpayers a small fortune in the process. This information is believed to have come from internal leaks, which hitherto have been shrouded in a culture of secrecy and risks of disciplinary action for 'speaking out'.

In line with its carefully planned expansion programme SJD will be opening a new office in Bristol city centre on Monday, 22 October, 2001. SJD (South-West) will be headed up by Peter Morris BA ACA, an experienced accountant with extensive knowledge of the particular requirements of IT Contractors.

At their site launch, Gerry McLaughlin, founder of NamesFacesPlaces, the reunion site for contractors, stated that the slump in the market for contractors was close to its bottom.

ICL, the IT solutions giant, has announced plans to cut its workforce by 1,500. ICL blames the cuts on disappointing business results against the backdrop of adverse market conditions affecting the IT industry, as a whole.

Employers are sending a "bumper pack" to Members of Parliament this New Year to demonstrate just how much red tape firms have to deal with.

Small and medium sized businesses (SMEs) need a period of minimum change to the tax regime for at least three years says accountants and business advisors PKF:

The UK is a 'world leader' in attracting highly skilled migrants, according to a Home Office news release published yesterday. We are also the fastest in Europe at processing work permit applications.