News

Tom Craig Scotland's 100 most profitable family-owned businesses generated a combined £1 billion of pre-tax profits last year, The Herald reports.

Stephen Haddrill The Financial Reporting Council (FRC) has launched a new website with a fresh design and more functionality for stakeholders.

Lorna Bell Peterhead-based Maritime Developments Limited (MDL) has switched to Shawbrook Bank to back its global expansion strategy with a £3,325,000 funding deal.

David Lonsdale The Scottish Retail Consortium has blamed a decline in the number of retail jobs and stores in Scotland on a "toxic cocktail of burgeoning tax and regulatory costs and transformational change in the retail industry".

Stuart Houston A Glasgow-based chain of hotels has called for the recommendations of the independent Barclay Review of business rates to be adopted by the Scottish Government.

Richard Murphy An independent Scotland could "fix the inefficiencies and large scale abuses of the UK tax system", according to a report from the pro-independence Common Weal think tank.

Fiona Duncan The Lloyds TSB Foundation for Scotland has been rebranded as the Corra Foundation, a few months ahead of its final scheduled payment from Lloyds Banking Group.

Susie Swift The First Tier Tax Tribunal recently determined in the case of Vigne vs HMRC that the estate of the late Maureen Vigne was entitled to Inheritance Tax Business Property Relief that had been disputed by HMRC. The Tribunal found however that Agricultural Property Relief was not available i

Outsourcing group Mitie is under investigation by the Financial Conduct Authority (FCA) over the timing and content of two profit warnings last year. In an announcement to the stock market this morning, the company said the investigation relates to “the timeliness of a profit warning announced by

Philip Sim Harper Macleod has advised Aprirose, the real estate investment company, on the Scottish aspects of a deal to buy a 73-asset pub portfolio from Mitchells & Butlers (M&B).

Scotland's leading financial firms have drawn up restructuring plans to deal with the potential impact of Brexit, The Scotsman reports. Scottish Financial Enterprise, which represents firms including Royal Bank of Scotland and Scottish Widows, has told the Scottish Parliament's Europe committee that

Steve Williams Business advisory firm Deloitte increased its revenue by £340 million last year in what it's called a "transformative 12 months" in Scotland.

A former administrator of Rangers is suing the Lord Advocate and others over a move to freeze his assets in 2015. David Whitehouse was appointed to the former club, Rangers Football Club PLC, with Paul Clark in 2012 after Craig Whyte declared it insolvent.

Pictured (l-r): Tony Friar and Blair Nimmo Kitchen and bedroom manufacturer Trade Kitchen Centre Limited has applied to Glasgow Sheriff Court to be wound up under the Insolvency Act 1986.

Claire Drummond A scheme which encourages young people in Aberdeen to get involved with science, technology, engineering and maths (STEM) has received a welcome donation from the charitable arm of Aberdeen Asset Management.