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RSM and KPMG's heads of tax in Scotland have issued predictions for the upcoming Scottish budget with the two anticipating a focus on recovery after COVID-19.  Shirley McIntosh, RSM’s head of tax in Scotland, said the budget should be a 'war chest statement' ahead of the May election.

Corporate insolvency numbers (liquidations and receiverships) in Scotland for the whole of 2020 were 40% lower than in 2019, at 592 (2020) against 981 (2019), according to insolvency and restructuring trade body R3. The number of corporate insolvencies (liquidations and receiverships) in Scotla

Two Lanarkshire brothers have pursued their lifelong dream of opening a microbrewery thanks to Business Gateway support. Launched in November 2020 by brothers Ronnie and Kenny Lees, Outlandish Brewing Company launched its first range of Scottish craft beers in December 2020.

Kier Group said today it expects to deliver half-year results slightly above the board's expectations after an improved first half performance. In a trading update for the six months ended 31 December 2020, Kier said there was an improvement in site productivity through the period despite

Seven in ten first-time buyers took out mortgages beyond the traditional term of 25 years in 2020, compared with just under half a decade ago, according to Nationwide's monthly House Price Index. According to the report, around 70% of first-time buyers took out a mortgage with an initial term of mor

Catherine Burnet, KPMG’s regional chair for Scotland, looks back at the challenges Scotland’s faced in the last year, and what lies ahead. In January 2020, none of us could have anticipated the overwhelming scale of economic and societal challenge that COVID-19 would create – it go

North Berwick-based Jerba Campervans has secured its first Fair Tax Mark certification, and joins the growing movement of responsible businesses who are proud to 'say what they pay with pride'.

Glasgow-based fintech Guiide has secured another successful round of funding from a group of investors as the firm looks to increase its user base. The funding will help support Guiide develop more features and increase its already growing user base which continues to grow month on month. The invest

Jenny Healy, director of accounts and audit, based in the Saffery Champness Edinburgh office and a member of the firm’s Landed Estates and Rural Business Group, discusses the growing pressure on the UK Government to introduce a new wealth tax. After a year of much needed support from the Chan

NatWest has joined the growing number of UK lenders who have reintroduced 90% mortgages after many banks and buildings societies cut such offerings in the wake of COVID-19. At the beginning of the month, Bank of Scotland owner Lloyds Banking Group announced that it was reintroducing 10% deposit mort

The Financial Conduct Authority (FCA) has fined Barclays Bank £26 million for failures in relation to their treatment of consumer credit customers who fell into arrears or experienced financial difficulties. Between April 2014 and December 2018 some retail and small business customers who had

Taxes on land and property could serve as a powerful tool for helping Scotland develop a robust, resilient wellbeing economy, according to a new report published by the Scottish Land Commission (SLC).

Multiple projects across Scotland have received £3.6 million of funding in the latest round of grants from the Scottish Land Fund. The money will allow groups from both urban and rural areas to take ownership of local assets and put them to use for the benefit of their local communities.

HM Revenue and Customs (HMRC) has issued a warning to Self Assessment customers about scammers purporting to be from HMRC. As the department issues thousands of SMS messages and emails as part of its annual Self Assessment tax return push ahead of the annual deadline on 31 January 2021, HMRC is warn

Bill Michael, chairman and senior partner of KPMG UK, has told partners that the firm's board has decided to sell its UK restructuring arm because conflicts of interest and increased regulatory scrutiny are preventing it from securing new work. Yesterday, Mr Michael told the board that concerns