Search: financial focus

Ryan Macready, senior solicitor at Macdonald Henderson, discusses the intricacies of buying and selling accountancy practices. The majority of Scottish accountancy firms are owner-managed independent general practices, with a local client base. When approaching retirement age, these owner-managers w

The tax paid by residential property owners in Scotland has risen by more than a third over the last three years compared to the same pre-pandemic period according to DJ Alexander Ltd. The firm said that the amount of land and buildings transaction tax (LBTT) collected has increased by 36.3% over th

Aberdeen-based Stewart Milne Group is embarking on a sale process of its housebuilding business, following the decision of its founder and principal shareholder to retire. Nearly 50 years after founding the group, chairman Stewart Milne, 71, is making plans for his retirement and the Board

AAB, the tech-enabled business-critical services group, has announced three internal director promotions within its leadership team. Forming a key part of the group’s ambitious growth plans, these promotions follow on from AAB’s announcement of five partner appointments earlier this mont

The Scotmid Co-operative Society has reported a £10 million increase in its net assets in 2021, taking its assets to £112.7m. The society reported a £5.7m trading profit for the year ending 29 January 2022, compared to £6.4m for the year before.

Stuart Clark, managing director at Russell & Russell Business Advisers, offers advice for business owners who are seeking to achieve a satisfactory exit from their companies. Every so often a flurry of activity ripples through the Scottish business community, of a nature that makes the more astu

UK workers suffered the biggest drop in their real pay since 2013, according to the latest figures from the Office for National Statistics (ONS). The ONS revealed that regular pay, excluding bonuses, plummeted by 1.8% in the three months to February when taking rising inflation into account. Accordi

Chartered accountant Wylie & Bisset has welcomed the record share of female-founded start-ups in Scotland last year and advises them to keep their costs to a minimum and source the best professional advice available to enhance their growth prospects. Research for the Rose Review on Female Entrep

Businesses are being urged to stay vigilant when paying their bills or changing supplier, as new data from Barclays reveals that in the last three months, fraudsters stole the most money from SMEs through invoice scams.

Dundee-based cloud computing company iomart Group has posted its pre-close trading statement for the year ended 31 March 2022, revealing that the group expects to report revenue of approximately £103 million, compared to £111.9m in 2021. The firm has also revealed an adjusted p

Property continues to be a major income source for the Scottish Government, according to analysis of the latest data by property firm DJ Alexander Ltd. The firm has stated that Scotland’s residential property market accounted for £571.6 million in revenues last year with the final six mo

Business confidence in Scotland fell 18 points during March to 17%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 24 points at 18%. When taken alongside their

A person pursuing a debt can, in certain circumstances, put in place protective measures in order to avoid the possibility of the debtor being unable to meet any eventual order granted by the courts, law firm Lindsays has highlighted. These measures can restrict what the debtor can do with certain a

William Cullen, senior manager of specialist firm Dunedin Advisory, discusses the options available for Scottish residents who are struggling financially. With the increasing cost of living - many facing hiked up utility bills running into hundreds of pounds per month and increases in many other ess

Smaller businesses in Scotland have the greatest understanding of the language and information on emissions and green issues in the UK, according to a new study commissioned by the British Business Bank. Only around two-fifths (39%) of Scottish respondents said they felt the language, terminology an