Accountancy

The number of profit warnings issued by UK-listed companies in 2022 increased by 50% year-on-year, with record levels of warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report.

Law firms and accountants that fail to do enough to prevent fraud are the target of the UK government's Economic Crime and Corporate Transparency Bill.

New data from financial mutual Scottish Friendly has revealed that the number of new stocks and shares ISA policies opened by adults in Scotland fell 17% year-on-year in the three months to December 2022. Sales in the run-up to Christmas were significantly lower than the previous year and the value

Business rescue and recovery specialist Begbies Traynor has moved from its base in West Nile Street, Glasgow, to newly renovated offices in the city centre in Bothwell Street. The firm has signed a lease for a 4,094sq ft office suite at a prominent former bank branch which has been refurbished to pr

A new report highlighting the positive impact of the customer support banks provided during the pandemic and calling for some measures to be re-introduced amid the rising cost of living has been published by Fair4All Finance, with support from Johnston Carmichael. In research conducted with Lloyds B

The Institute of Chartered Accountants of Scotland (ICAS) has welcomed the announcement of new measures to protect consumers who use tax repayment agents and the publication of an updated HMRC standard for agents. This follows a consultation last year.

Shehzad Ashaq, corporate tax director at Wylie & Bisset, has won the Rising Star in Business category at the 15th Scottish Asian & Business Awards 2022. The awards recognise a wide range of achievements from Asian individuals across Scotland who positively impact business, charity, sport, ar

The October 2022 Football Distress Survey, which has been conducted for over a decade by business recovery specialist Begbies Traynor, indicates that there has been a 50% rise in Scottish clubs showing signs of distress compared with March 2022. A total of nine clubs in Scotland (12.5%) are showing

Tax revenues in the UK soared by £85.1 billion over the last financial year, according to new figures published by the Organisation for Economic Co-operation and Development (OECD).

With reports of all organisations facing an increasingly sophisticated range of cybersecurity threats, Wylie & Bisset, Accountants and Business Advisers, has advised SMEs that well-trained staff are the first line of defence against cyber-attacks. Kevin McDermott, senior IT auditor at Wylie &

AAB Group has appointed Derek Mitchell as its new chief operating officer, less than 28 months after the firm secured investment from August Equity to fast-track its growth plans. Mr Mitchell has been part of the AAB team for over 16 years and has seen the business grow from 80 people in Aberdeen to

With Companies House data revealing that Edinburgh and south-east Scotland have the highest percentage of female entrepreneurs in the UK, Wylie & Bisset, accountants and business advisers, has welcomed the rise in the number of female-led start-ups while stressing the importance of cashflow as a

Douglas Home & Co has expanded its presence in Edinburgh with the appointment of Greig Honeyman to advise its board. Greig Honeyman will advise leading figures at Douglas Home & Co, while tapping into his extensive network of family businesses, trusts, lawyers and corporate decision-makers.

Thomson Cooper Accountants has boosted their tax team with the appointment of experienced tax professional Keith Hunter. Mr Hunter's appointment reflects the increasing demand the firm has experienced for tax-related advice from individuals and business owners across Fife and the Lothians.

New figures published by HMRC have revealed that the Treasury raked in another £4.1 billion in inheritance tax receipts in the months between April and October 2022.