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UK business owners and senior executives are preparing to sell takes in businesses in anticipation of a potential increase in capital gains tax next year. Earlier this month, Scottish Financial News reported that Chancellor Rishi Sunak is considering proposals by the Office of Tax Simplification (OT

Audit firms have implemented additional measures to enhance their evaluation of companies’ going concern assessments since the start of the coronavirus pandemic, according to a review of completed audits by the Financial Reporting Council (FRC). The FRC reviewed a sample of eleven audits

Chancellor Rishi Sunak must avoid a knee jerk reaction to tax increases according to property management firm Apropos by DJ Alexander. The UK-wide letting firm, believes that the widely trailed increases to capital gains tax (CGT) will have an unprecedented negative impact upon the private rented se

Shepherd and Wedderburn’s corporate finance team has reported strong deal activity with a combined value exceeding £2 billion in the six months fo 31 October 2020. The team has reported a busy first half of the 2020/21 financial year, supporting clients with strong and sustained deal act

A new petition calling for the Scottish Government to ‘tweak the tiers’ is already gaining momentum after it was launched last week by the Scottish Hospitality Group (SHG).

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a talk entitled ‘UK/US tax and succession issues for private clients’ on 1 December 2020 from 1pm to 2pm. The speakers will be Mark McKeown of Turcan Connell and Sarjul Patel of U.S. Tax &

Business leaders in the UK have warned Chancellor Rishi Sunak that he risks demoralising entrepreneurs if he acts upon proposals to reform capital gains tax.

The Financial Reporting Council (FRC) has today published its annual end of year letter to CEOs, CFOs and audit committee chairs setting out its reporting expectations for preparers of reports and accounts for the year ahead. This year’s letter is of particular significance given the continuin

Harper Macleod is part of a new Glasgow Business Growth Fund which can provide SMEs with access to fully funded specialist support as they try to grow amid the ongoing pandemic. Earlier this year, Harper Macleod was appointed to help Glasgow City Council (GCC) drive business growth among city's SMEs

Corporate reporting needs to improve to meet the expectations of investors and other users on the urgent issue of climate change, according to a new review released by the Financial Reporting Council. The regulator has said that while for some companies the challenge may be further on the horizon, c

Spanish prosecutors are investigating the former King of Spain Juan Carlos I over accusations that he failed to declare to the Tax Agency money allegedly donated by the Mexican businessman Allen Sanginés-Krause between 2016 and 2018.

The Financial Reporting Council (FRC) has imposed sanctions including a £500,000 fine against Deloitte and one of its former Audit Engagement Partners over its audit of an undisclosed company's defined benefit pension scheme. The sanctions concern the statutory audit of the company's

Financial mutual Scottish Friendly has announced the appointment of Susan Beckett as a non-executive director. Ms Beckett has more than 30 years’ financial services experience and will continue in her role as chief risk officer at Brewin Dolphin, where she has spent the last six years.&nb

HMRC has lost £31 billion to fraud and error, according to annual accounts published yesterday.  However, the figures have indicated that this is the lowest amount ever reported by the tax authority. 

A fresh bid is being launched to return Glasgow Prestwick Airport to the private sector.