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A third of Scottish business owners who shut down operations during the coronavirus outbreak fear their firm may never re-open, according to a major new survey from the Federation of Small Businesses (FSB). On the back of the research, the small business campaign group is calling for sustained gover

Properties occupied by charities can now apply for the £10,000 Small Business Grant Scheme to help with pressures caused by the coronavirus pandemic, the Scottish Government has announced.

Donald McKinnon, managing partner at Wylie & Bisset chartered accountants, participates in our Just a Minute feature. Name:

Rakkaus Furniture Ltd, a Kilmarnock-based commercial furniture provider, is one of the first businesses to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS) through Virgin Money-owned Clydesdale Bank. CBILS is a UK Government initiative facilitated by participating banks to

Andrew Phillips, solicitor advocate at Jones Whyte, explores the potential abuses of the coronavirus furlough scheme and issues a note of caution for businesses looking to utilise the scheme. In their recent COVID-19 update, the Serious Fraud Office (SFO) sought to assure us that they will cont

Chartered accountants Wylie & Bisset have outlined how Scots facing financial hardship as a consequence of the coronavirus pandemic look set to benefit from the country’s second emergency coronavirus bill. The Coronavirus (Scotland) (No.2) Bill seeks to raise the minimum debt thr

The Financial Reporting Council (FRC) is encouraging firms to make use of the extension announced by the Financial Conduct Authority (FCA) to the deadline for publication of audited annual financial reports from four to six months from the end of the financial year. The body said that companies

The Association of British Insurers (ABI) has welcomed today’s government announcement that it intends to develop a government-backed temporary reinsurance scheme to help businesses recover from the impacts of coronavirus. The scheme could help speed up the economic recovery, ensuring the cont

Small firms in the UK have received £8.4 billion through the UK Government's "bounce back" loans scheme since the loans were launched last week

An unprecedented level of financial stability attained by Scottish football clubs has been wiped out by the coronavirus pandemic pushing many teams to the "brink of insolvency" according to a report published by Begbies Traynor.  Scottish football club finances had gained unprecedented sta

The UK economy has contracted at its sharpest rate since the global financial crisis in the first quarter of the year thanks to the outbreak of the coronavirus.

The bosses of the famous Old Course have lost a legal battle over the rights to the name St Andrews. 

A manuscript featuring handwritten lyrics penned by Bob Marley has been sold at auction for £37,500 - more than double the pre-sale estimate.

People across Scotland are starting to focus on managing their long-term finances as the COVID-19 lockdown continues as well as contemplating how they will withstand the economic fallout of the crisis, according to financial advisory firm Carrington Dean.  This is according to a national survey

Ann Frances Cooney, legal director at Addleshaw Goddard, has warned that employers looking to take advantage of the UK government’s plans to extend the furlough scheme to October should do so with a degree of caution.  Ms Cooney, who has specialised in employment law for over a decad