News

In response to evolving global ESG reporting regulations, AAB Group has introduced a dedicated ESG division. In the last year ESG reporting changes have been written into EU regulations and will be written into UK regulations over the next three years, impacting a range of businesses from larger com

Scottish Building Society, the world’s oldest remaining mutual, has posted its highest ever savings balance recorded in its 175-year history. The institution’s latest annual results reveal a remarkable 17% increase in savings balances over the past twelve months, soaring to over £4

Scotland's overall occupier demand for commercial property rose in the first quarter of the year, according to the Royal Institution of Chartered Surveyors (RICS). RICS' Commercial Property Monitor shows the increase is driven by strengthening demand for office and industrial space, with a net

The Scottish property industry has highlighted the critical need for clarity from the Scottish Government to support investment in Scotland’s built environment. Scottish Property Federation members and stakeholders gathered in Glasgow yesterday for the SPF Annual Conference to discuss key issu

Edinburgh-based estate agent Simpson & Marwick has completed the first phase of its East Lothian expansion plan with the appointment of Charlotte Murray as senior property consultant. Ms Murray brings a wealth of experience to the role, with a proven track record of success in the region.

A food firm has emerged victorious in a legal battle against HMRC, securing an exemption from VAT on its Mega Marshmallows. The court ruling, upholding a decision by the first-tier tribunal, stated that the marshmallows are not to be considered confectionery.

Thousands more taxpayers moved to Scotland than left each year in the period after Scottish Income Tax was brought in, new HMRC research has found. The study, looking at movement within the UK over 12 years, found a steady increase in net migration of taxpayers in the five years from when the tax wa

Global real estate firm Avison Young today announced that Richard Cottingham has joined the Scottish land & development team, assuming the role of director. A qualified chartered surveyor, Mr Cottingham brings over 16 years of experience within the Scottish real estate market, specialising in re

JRW Hogg & Thorburn, which was recently formed through the merger of Borders accountancy firms Hogg & Thorburn and JRW, has appointed Christiaan Hansen as its newest partner. Mr Hansen, who is based at the firm’s Hawick office, is a tax specialist with particular interest in inheritanc

A Big Four accounting firm has announced plans to expand its hiring of ex-offenders following a successful two-year trial period.

Bank of Scotland-owner Lloyds Banking Group has reported a pre-tax profit of £1.6 billion for the first quarter of 2024, marking a 28% decrease from the same period last year when it reported £2.3bn in profits. This decline follows the banking giant's record-breaking annual pre-tax profi

Alison Marshall, a solicitor based in Dunfermline and a partner at Wright, Johnson & Mackenzie (WJM), has attained the Chartered Tax Advisor (CTA) qualification from the Chartered Institute of Taxation. The qualification is the equivalent to that of a Masters degree and elements of it have a not

Scottish corporate insolvencies have decreased from 346 in Q4 2022-23 to 301 in Q4 2023-24, according to the latest insolvency data statistics from Accountant in Bankruptcy (AiB). This is a decrease of 13.0%. Over the same period, there were MVLs (members voluntary liquidations) were down to 94

Business confidence in Scotland has risen significantly to its highest level since Q4 2021, as exports growth accelerated and cost pressures eased, a survey of business leaders has found. Sentiment tracked by ICAEW’s Business Confidence Monitor for Q1 2024 put confidence at 15.4 on the in

Dundee-based accountancy firm Ashton McGill, which is founded by father and son Alasdair and Andrew McGill, has announced a 41% increase in annual turnover for 2023. The business attributes this success to an increased portfolio of clients across Scotland, which has propelled it towards achieving a