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BDO, the liquidators of the Old Co Rangers FC, are seeking £28.9 million from the club’s former administrators who have been accused of failing to effectively manage the finances of the club. Lawyers for BDO have initiated legal action against David Whitehouse and Paul Clark, claimi

The limit on a single contactless card payment could more than double from the current £45 limit to £100. Earlier this month, Scottish Financial News reported that UK banks were pushing the Treasury to increase the limit. Industry experts urged that raising the cap to £100 cou

Murray Capital, the private investment office of the Murray family, has led funding rounds for two Scottish start-ups. The funding rounds saw Murray Capital reinvest in two of its existing portfolio companies – Zumo and Blackford – with the support of the UK Future Fund and other co-inve

New data from Barclaycard has revealed that contactless technology has emerged as one of the big winners of 2020, accounting for nine in ten (88.6%) of all eligible card transactions. As the safest, fastest and most responsible way to pay in-store, tap-and-go has become the obvious choice for both c

Accountants are dismayed that HMRC is refusing to extend the deadline for self-assessment tax returns on January 31, which could land millions of hard-hit entrepreneurs with fines totalling £250 million. The Association of Chartered Certified Accountants (ACCA) has lobbied HMRC for a rethink o

British businesses are getting more financing to help them expand and create new jobs thanks to the Bank Referral Scheme, new figures show today.

Investor confidence in Scotland's social housing sector remains strong with private investment continuing to help fund RSLs towards their contribution to the Scottish Government’s target of an extra 35,000 social rented houses by 2021, according to the Scottish Housing Regulator.

The UK's inheritance tax (IHT) take on gifts has increased for three consecutive years, according to new figures. The number of estates liable for IHT on gifts rose from 873 estates in 2015/16 to 920 in 2016/17 and then 993 in 2017/18, FT reports.

The Scottish Government has confirmed it has entered discussions with the UK Government over Scottish Green proposals for a windfall tax on companies that have greatly increased profits during the coronavirus pandemic.

Glasgow-founded FreeFlow Technologies (FFT), the developers of the world’s lightest power to weight e-Bike motor, has secured £1.85 million from a heavily over-subscribed funding round. The new funding round was led by investment syndicate Kelvin Capital and supported by Equity Gap, Fore

Linlithgow-based telecommunications equipment firm Calnex has announced its interim results reporting strong growth and the ongoing expansion of its operations. For the six months to September 30 2020, the firm reported revenue growth of 37% to £7.7 million, up from £5.7m during the same

Scotland's life science sector has attracted more than £600 million of investment in the last three years, according to new data analysed by Savills.

The Financial Reporting Council (FRC) has today launched a consultation on the proposed revision of its UK auditing standard ISA (UK) 240  - The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements.ISAs are based on the underlying ISAs issued by the Internationa

HSBC has halted issuing COVID-19 loans to new business customers as it struggles to meet the demand for Government-backed financial support.

The Anderson Anderson & Brown Charitable Initiative (AABi), run by chartered accountants and business advisors Anderson Anderson & Brown (AAB), has pledged over £5,600 to six charities across Scotland during the coronavirus pandemic.