News

Figures released by the Federation of Small Businesses (FSB) in Scotland show that there are thousands of self-employed people in every Scottish local authority area that could require income support during the coronavirus outbreak.   Ahead of an expected announcement by Prime Minister Boris Jo

The Chartered Institute of Taxation (CIOT) has welcomed the easing of a tax rule which should lead to the production of more hand sanitizers to deal with the outbreak of COVID-19.

In the three months to February 2020, the quantity bought in retail sales fell for the fourth consecutive month by 0.6%, according to the latest Office for National Statistics (ONS) Retail Sales data.

The Financial Reporting Council (FRC) has today issued revised Standards for Investment Reporting (SIRs) 1000-5000, and a new SIR 6000 dealing with reports on Quantified Financial Benefits Statements (QFBSs) published in accordance with the City Code. The FRC has urged that Reporting Accountants (RA

In the aftermath of the closure of McDonald's restaurants across the UK, people have taken to eBay to sell McDonald's menu items.

KPMG has been appointed as administrators of Glasgow-based fabric and soft-furnishing company Remnant Kings Central Limited. Blair Nimmo and Alistair McAlinden were appointed as joint administrators of the firm yesterday.

Dundee-based Broker Insights, an independent searchable platform connecting insurers and brokers, has appointed Stephen Smith as insurer account manager.   With a successful career as both an underwriter and a broker, Broker Insights said that Mr Smith is

The Scottish Government has launched a £1 billion business support fund meaning businesses can now apply for grants to help them deal with the impact of the coronavirus outbreak. The one-off grants are designed to help protect jobs, prevent business closures and promote economic recovery, and

The Bank of England has launched its emergency liquidity scheme to make sure banks have enough cash, as it warned that immediate disruption from the pandemic could be more severe than its banking stress tests. Underlining the risks to the financial system, the Bank of England has activated its conti

Ken Pattullo, regional managing partner at Begbies Traynor, discusses the importance of cash and how to protect it in times of uncertainty.  Cash flow is the lifeblood of any business, and certainly in the short term more important than profitability. The money coming into your business ensures

Manufacturing output expectations dropped to their weakest since the financial crisis, as the COVID-19 outbreak gained pace in the UK and Europe, according to the latest CBI monthly industrial trends survey conducted between 25 February and 13 March.

Nationwide has announced that it will be closing some branches and reducing its opening hours amid the coronavirus pandemic.  As Prime Minister Boris Johnson called for greater care to be taken regarding social distancing, and in light of his announcement to lockdown many ‘non-critical&rs

Jennifer Skeoch, partner in the employment team at Burness Paull, details the new measures announced by the British Government to support employers and workers during the coronavirus pandemic. A coronavirus job retention scheme has been established, for which any employer in the UK, regardless of si

Cash usage in the UK has halved in the last few days after coronavirus social distancing and 'lock down' measures were implemented this week, according to Link, the UK's biggest ATM operator.

Springfield Properties, Persimmon and Morgan Sindall have all revealed plans to suspend dividends to shareholders to preserve cash amid the COVID-19 outbreak.