Accountancy

The 12,000 KPMG staff in Britain who have not been promoted will not benefit from a pay rise this year as the firm tightens its belt in reaction to a fall in demand for its services. Senior partners at the Big Four firm have been informing teams in recent weeks that their pay will be frozen unless t

The Association of Chartered Certified Accountants (ACCA) has communicated pressing concerns to the Chancellor ahead of the Autumn Budget Statement, stressing the urgency for financial reforms to stimulate the UK economy. In a critical open letter, the ACCA pinpointed three core areas requiring imme

Glasgow-based Consilium Chartered Accountants has made a series of senior promotions, elevating talent from within as it marks its 10th anniversary. Within the firm’s tax department, Paul Donnelly, who was one of Consilium’s first hires when the company started in 2013, has been promoted

Borders-headquartered accountancy firm Rennie Welch LLP has promoted two of its colleagues, Lynn Miller and Ross Tinlin, to the senior role of associate. The pair become the first to complete Rennie Welch’s associate programme set up in 2021 to further develop talent within the firm.

BDO has reported a decline in partner pay, handing out an average of £609,000 per partner, following an ambitious recruitment drive and significant investment in its growth strategy. Despite the 6% decrease reduction in partner earnings from the previous year, the firm has seen robust financia

Responding to the omission of the Audit and Corporate Governance Reform Bill from the King’s Speech today, ICAS has warned of a detrimental impact and calls for the government to rethink its position. ICAS strongly advocates that the reforms that were intended to be included in the Audit and C

Family and owner-managed businesses across the region are being urged to take part in a survey to help provide vital insight into the challenges they face, aspirations they have and opportunities available. Accountancy firm Armstrong Watson, which operates in Scotland and across the North of England

Recent data unveiled by ACCA has highlighted significant issues UK accountants face when interacting with HMRC services at even the most basic level. Over half (52%) of the surveyed UK ACCA members voiced concerns that HMRC's service quality was negatively affecting their work efficiency. This

Soaring corporation taxes of up to 25%, shrinking allowances and new advance payment rules are projected to affect more than 40% of Scots’ businesses with year ends between December 2023 and March 2024, seriously affecting cash flow and investment, a business tax expert has warned. Mark Pryce,

Accountants and business advisers firm Wylie & Bisset has joined in calling on the Scottish government to urgently address the charity audit threshold disparity between Scotland and England and Wales, suggesting it should be doubled and brought into line with other regions. Increases to the comp

The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties. As detailed in the latest Red Flag Alert data fr

The Institute of Chartered Accountants in England and Wales (ICAEW) has appointed Alan Vallance as its upcoming chief executive. He is set to assume the role in Spring 2024, succeeding Michael Izza, the Institute's head since 2006.

EY Scotland has welcomed the appointment of nine new partners, 150 promotions and 100 graduates and apprentices, as the firm announces record UK revenues of £3.8 billion in FY23. The partner appointments include seven internal promotions and two external hires, across Edinburgh and Glasgow, br

Blair Nimmo and Geoff Jacobs from Interpath Advisory were appointed joint provisional liquidators of Newman Bonar Ltd on Wednesday 25 October 2023. The company was established in Dundee in April 2023 by its present owner to acquire the business and assets from the administrators of Bonar Yarns Limit

Accountancy firm Johnston Carmichael has intensified its commitment to fostering talent by welcoming 90 new students to the firm.