Scott Reid, assistant tax manager at Turcan Connell, highlights the complexities of cryptocurrency taxation. On the 21st February 2021 the most renowned cryptoasset ‘Bitcoin’ rose to an all time high of over £41,000 per coin. The highs are starting to become more frequent and more
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New legislation coming into force from 30th April for prepack administrations is set to impose a new 8-week window in which the assets of an insolvent business cannot be sold to a connected party without the consent of creditors, or a report from an independent evaluator recommending that the prepac
Benjamin Wiles, managing director, restructuring advisory at Kroll, examines the state of the economy with respect to insolvency and the M&A market as the UK emerges from lockdown. The scale of the shock to the UK economy as a result of Covid is now clear following the Chancellor’s Budget.
Bellshill-based Kick ICT, the fast-growing full-service IT company led by technology entrepreneur Tom O’Hara, has acquired Clyde Solutions, a provider of specialist business telecoms, connectivity and IT services. Founded in 2015, the deal is Kick’s fifth in six years as the business mai
New data from Moneyfacts has revealed that the number of deals available to savers has contracted to a record low, at a time when savers would hope to see a boom during ISA season.
EIE21, Scotland’s premier tech investor conference which will see company founders pitch for investment from seed level to up to multimillion series A and later stage investment rounds on 10th June, has launched the annual EIE Scottish Startup Survey. The EIE Scottish Startup Survey, the first
More than one in five UK workers (23%) - the equivalent of 7.5 million - are hoping to work from home all, or almost all, of the time once lockdown restrictions have lifted according to new research from Deloitte.
The Financial Conduct Authority (FCA) has launched its second consultation on introducing the UK Investment Firm Prudential Regime (IFPR) for FCA prudentially-regulated investment firms. The IFPR introduces a new prudential regime for MiFID investment firms regulated by the FCA. It will create a sin
Scotland's unemployment rate remained at 4.4% from December 2020 to February 2021, according to the latest figures released by the Office for National Statistics (ONS).
Scottish Financial Enterprise (SFE), the representative body for Scotland’s financial services industry, has launched its first-ever election manifesto, calling for increased collaboration between business and the next Scottish Government to help drive a fair, inclusive and green recovery. The
A series of items related to the Star Wars franchise are set to go up for auction on May 4th.
Businesses that fail to provide for employees’ retirement are storing up a potential staffing crisis according to a new report on the challenges facing boards in dealing with pension liabilities. An ethical approach to investing in pensions and eradicating the gender pensions gap were among a
Specialist wealth and asset management firm Mattioli Woods has acquired Caledonia Asset Management. Mattioli Woods is acquiring the Edinburgh-based firm from its shareholders for an initial £960,000 and potential further consideration of up to £640,000 dependent on meeting performance ta
Addleshaw Goddard has promoted legal director Jan Gruter to the role of partner. Me Gruter joined the firm in 2018 as legal director, and has acted on behalf of a range of asset and fund management clients, especially private equity, real estate and infrastructure fund managers. In his role as legal
Total sales in Scotland decreased by 13.8% on a 2-year basis compared with March 2019, according to the latest Scottish Retail Consortium (SRC) & KPMG Scottish Retail Sales Monitor.