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Overdue invoices have surged by 42.8% in October 2024, compared to the same period last year, equating to 600,588 unpaid invoices, according to R3. The insolvency and restructuring trade body's analysis of data provided by Creditsafe shows that this is the highest monthly total of 2024 so far, and a

Scottish businesses planning to treat their staff to a festive party this Christmas are being cautioned to avoid exceeding the £150 per person tax exemption limit. Mark Pryce, head of corporate tax in Scotland for Azets, has warned that it is easy to fall foul of the legislation regarding exem

The Sardinian village of Ollolai, grappling with depopulation, has launched a website to entice disillusioned American voters with homes as cheap as €1 (£0.83) and a "fast-track procedure" for relocation. The website, Live in Ollolai, asks visitors if they are "worn out by global politics

Financial firms, telecommunications and tech leaders have launched a collaborative programme in International Fraud Awareness Week to tackle financial crime across the UK.

Edinburgh-based advertising agency Yatter has been acquired by ecommerce specialist Velstar just three years after formation, for an undisclosed sum. The company has enjoyed consistent growth since starting out in 2021, currently managing over £10 million in annual client ad spend.

Glasgow-based specialist supplier of paper-based packaging to the spirits industry McLaren Packaging has won the Innovation in Packaging category at the Spirits Business Awards 2024 with what has been lauded as a "game-changing" design. The award judges said: "What stood out most about McLaren was i

The Scottish Retail Consortium (SRC) has written to Scottish Ministers calling on them to ditch the mooted surtax on grocery stores and deliver competitive business rates. The call comes in the wake of the UK Government’s colossal increase in employer’s national insurance contributions w

The UK's CPI inflation rose to 2.3% in October, exceeding economists' predictions of 2.2% and putting pressure on the Bank of England to postpone further interest rate cuts. The Office for National Statistics (ONS) attributed the increase primarily to higher energy bills, offsetting lower oil prices

A firm specialising in expanding self-service financial access for financial institutions, retailers and consumers has become the latest partner to join the Abertay cyberQuarter – Scotland’s hub for cybersecurity research and development. NCR Atleos, which has maintained a site in Dundee

OakNorth Bank has appointed Michael McGregor as director of debt finance at its Glasgow office in a move to boost corporate lending across Scotland. Mr McGregor brings over 12 years of banking and finance experience, most recently serving as relationship director for high-growth businesses at Santan

Accountant Stuart Beattie shares what housing associations can do to limit the impact of current challenges and calls for greater government support to help organisations meet their obligations. Earlier this month I attended the Scottish Federation of Housing Associations (SFHA) Finance Conference,

One year after the City of Edinburgh Council began implementing Scotland’s short-term let rules, Airbnb says its new analysis shows the licensing scheme has failed to have any impact on the affordable housing crisis in Edinburgh.

Ferguson Whisky Limited has secured a new £450,000 funding package from Virgin Money with backing from UK Export Finance (UKEF), to support the purchase of whisky stock, enabling it to expand operations and meet growing international demand. Founded in 2021, the Glasgow-based company is dedica

Project management and integration company Camm-Pro has posted significant growth in 2024, with turnover having more than doubled to £18 million in the last financial year. Continuing to exceed expectations, the Aberdeenshire-headquartered firm says it is on track for a further 40% increase th

Family-run ice cream producer Mackie's of Scotland has achieved double digit market share growth over the past year, defying tough market conditions. Increased distribution in major retailers like Morrisons, Tesco, Sainsbury's and Co-op, coupled with targeted marketing, has led to a 22% rise in mark