Ransomware attacks are escalating – it’s a criminal industry already worth billions and it’s only going to get worse. Baker Tilly’s cyber security experts discuss common weaknesses and how best to prepare against the inevitable because it’s a case of when, not if, a business is hit.

Small and medium-sized businesses don’t have the power of a big firm or the agility of a digital start-up but they can’t afford to miss the revolution. Baker Tilly’s experts explore data-driven solutions for this critical sector of the economy in our digital transformation series.

Jersey’s 2021 - 2024 Government Plan was approved by the States Assembly on 18 December 2020. The purpose of the Government Plan is to bring together income and expenditure decisions to improve transparency of government finances. This year’s plan reflects actions taken in response to Covid-19 and the comprehensive plans being put in place to protect the Island’s future. This update, however, aims only to set out key tax measures.

The Baker Tilly network today announced combined global revenue of US$4.04bn for the year ended 31 December 2020, up 5% from 2019 at constant exchange rates. Across the year, global headcount increased to 37,000 people across 148 territories, reflecting our ongoing investment in and commitment to our people.

Nick Jeffrey is to be Baker Tilly’s new Director of Professional Standards, succeeding Paul Winrow who has moved to a partnership role in the network’s UK member firm, MHA.

As we come out of lockdown, business leaders are faced with issues as diverse as ensuring the safety of employees and customers, shoring-up cash and liquidity, repositioning operations and navigating complicated government support programmes.

ICAS (the Institute of Chartered Accountants of Scotland) has announced its list of the top 100 young chartered accountants (CAs) as part of a global event, and Sandy Cameron, Director at Baker Tilly Channel Islands, has been named in the list.

Persons who registered for tax in Jersey before 2006 will be on a prior year basis (PYB) instead of a current year basis (CYB) of tax. This means these persons pay their tax each year in respect of the previous year’s liability and not the current year.

Baker Tilly Channel Islands has strengthened its senior leadership team with the promotion of two key team members, Hafeez Azeez and Sandy Cameron, to the role of Client Director. 

COVID-19 presents real issues and practical difficulties insofar as the preparation of financial reports and accounts, and the carrying out of audits, are concerned

We recently looked at why, when navigating a crisis, companies must secure the co-operation of their co-workers and staff. The next step in the recovery process is a turning point.