The Chartered Institute of Taxation (CIOT) has responded to the Chancellor’s announcement last week, that the UK basic rate of income tax will be reduced to 19p and the UK additional rate of income tax abolished from April 2023. These changes will not apply to Scotland, where the power to set
Blair Nimmo and Geoff Jacobs of Interpath Advisory have been appointed joint administrators of G.C.G. Shotblasting Services Limited. Operating from its Peterhead facilities for over 30 years, together with on-site activities at client sites, the Company provided critical services through protective
Gen Z and Millenials are cutting their spending on hospitality and leisure activities as concerns over the cost of living rise, according to a new consumer survey from PwC.
New research published by KPMG has revealed how the rising cost of living has impacted household budgets so far this year, and the steps consumers are taking to manage rising prices. In early September, KPMG surveyed 3000 UK consumers of varying household incomes, finding that essential household co
Scottish SMEs have been hit with an estimated £42 million of unnecessary compliance costs – an average of £7m per year - due to the audit exemption threshold failing to rise in line with inflation since it was introduced in 2016, according to Donald Boyd, an SME growth expert from
The reduction of the limit for sequestration proceedings at the end of this week could lead to a wave of smaller businesses in Scotland being made bankrupt, according to full-service legal firm Gilson Gray. On September 30th, the limit for pursuing sequestration will be lowered from £10,000 to
Gilson Gray Financial Management (GGFM) has acquired North Berwick-based Wallace Financial Planning in a seven-figure deal. The acquisition is the first step in the growth strategy of the financial services arm of legal firm Gilson Gray. The deal and increases GGFM's assets under management (AU
Wylie & Bisset, Accountants and Business Advisers, has launched an in-house Training Academy for all entry-level employees with the aim of equipping them with the comprehensive range of knowledge and skills to further develop their careers. Developed and headed by Helen Moreland, HR director and
Opulus Financial has acquired Glasgow-based accountancy firm, Nicolson Accountancy, representing the largest acquisition since launching as a CFO solutions business at the end of last year.
Chartered accountancy firm Meston Reid & Co is continuing to support the career development of young people by taking on three graduate trainees, a graduate apprentice and a placement student. Its three new trainees – James Chalmers, Ethan Booth and Jessica Stephen – have all recentl
Accountancy and business advisory firm BDO is welcoming 26 new trainees across its offices in Glasgow and Edinburgh, with 600 joining nationwide. Ten of the new trainees will join BDO’s new Edinburgh office and 16 will join the firm’s office in Glasgow. A total of 20 of the trainees will
Aberdeen FC legend Willie Miller will be helping two Granite City charities to net a cash boost at a special fundraising dinner next month held by chartered accountancy practice Meston Reid & Co. The former Dons captain – now a sought-after football pundit – will be guest speake
Total UK fintech investment dropped to $9.6 billion in the first half of 2022, down almost threefold (65%) from $27.8 billion in the same period in 2021, according to KPMG’s Pulse of Fintech report.
Simon Cowie, the managing partner of Aberdeen accountancy firm Infinity Partnership has completed a remarkable UK awards double. Mr Cowie, who established Infinity Partnership in 2009, has been named 2022 Practice Pioneer of the Year at the Accounting Excellence Awards. He previously won the individ
EY's partners will vote on the firm's break-up after leaders approved the split at a meeting this week.