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RSM UK Holdings Limited and RSM US LLP are set to form a new transatlantic partnership, which will become effective on 1 January 2026. The new structure has received near-unanimous approval from partners at both firms.

Aberdeen-based Activpayroll Ltd posted pre-tax profits of £5.76 million, up from £3.3m the previous year. Its group results for the year ended 31 March 2025 recorded turnover of £57.4m, an increase from £52.2m in the previous year.

New official statistics published by Accountant in Bankruptcy (AiB) for the second quarter of 2025 show a decrease in both corporate and personal insolvencies in Scotland. However, restructuring and insolvency body R3 has warned that the headline figures mask rising financial distress for businesses

The UK government has confirmed it will proceed with a major reform of the UK's anti-money laundering (AML) and counter-terrorism financing (CTF) regime. Supervisory functions currently handled by 22 professional organisations, including the Institute of Chartered Accountants of Scotland (ICAS), wil

Azets has appointed Gordon Burns as a new corporate finance partner based in the firm’s Glasgow office. In addition, Farran Kerr and Iain Black have been promoted to directors in the accounts and business advisory services team in the Perth office and David Taylor has been appointed director o

Turnover at Glasgow-headquartered VITA (VAT & Indirect Tax Advisors) has risen by 46% to just under £500,000 in the twelve months to September 2025. On the back of this strong performance, the company is forecasting a further £200,000 increase in turnover for the current financial ye

Perth-based Balhousie Holdings Limited has announced a record profit before tax of £9.65 million for the year ending 30 September 2024. The company's annual turnover reached £57.2m, a 5.42% increase from the previous year, which the directors attribute primarily to increased fee rates.

RSM UK is urging businesses to be fully prepared for a cyber-attack, as recent figures from the NCSC (National Cyber Security Centre) show a worrying rise in "nationally significant" cyber incidents. These attacks, which can cause significant business disruption and financial loss for businesses and

Gold surged past £3,200 an ounce on early Friday morning, reaching a new record high of £3,257.80 and heading for its largest weekly gain since the 2008 financial crisis. The precious metal is on track for an approximate 8% rise this week, fuelled by a potent combination of geopolitical

Company directors and shareholders face new mandatory reporting requirements for declaring dividends from profits for owner-managed and family-run ‘close’ companies. Failure to comply will incur a £60 fine for each failure to disclose in the tax return.

Forvis Mazars has made a series of senior promotions and new hires across its Scotland team, and has also welcomed new trainees to its Glasgow and Edinburgh offices. Sean Cockburn has been appointed as private client tax advisory partner in Edinburgh. He joined the firm in 2017 and specialises in in

Fintech giant Revolut is reportedly facing further delays in securing its full UK banking licence due to regulatory concerns over its cross-border payment controls. After a three-year process, the company received initial approval last year and entered a 'mobilisation' phase. During this restricted

Tayside Public Transport Company Limited, which trades as Xplore Dundee, has announced a significant rise in turnover and profits in its latest Companies House filing. The company, which is part of Mcgill’s Group, saw its turnover climb to £21.4m for the financial period ending 29 Decemb

HM Revenue & Customs' (HMRC) sophisticated "big data" system, known as Connect, has been credited with generating an additional £4.6 billion in tax revenue during the 2024-25 financial year. This figure, revealed in a freedom of information request made by Pinsent Masons, represents a 35%

Deloitte will partially refund the Australian government after admitting a report it produced contained multiple errors generated by artificial intelligence. The Big Four firm is set to repay the final instalment of its A$439,000 (c. £215,000) contract for an "independent assurance review" of