News

Family-owned luxury jewellers, Laings, has revealed it is investing heavily in its high street store estate after reporting a 92% increase in pretax profits to £5.4 million, in the last financial year to May 2022. Bucking the trend of many retailers, who have turned their back on bricks and mo

Aberdeen-headquartered activpayroll has taken a significant step forward in its Asia Pacific growth plans with the acquisition of Malaysia-based payroll outsourcing and employee mobility specialist, Propay Partners. activpayroll has grown revenues over the last year by 27%, with the firm's Asia Paci

Revive Eco has raised a £375,000 investment led by Gabriel Investment Syndicate to commercialise its patent-pending process to recycle coffee grounds into a sustainable palm oil alternative. The Glasgow-based green tech startup was launched by co-founders Fergus Moore and Scott Kennedy in 2019

Two women have been given $100 (£82) fines and suspended prison sentences after feeding stray cats near a courthouse in order to trap and neuter them. Animal rights organisations protested after Beverly Roberts, 85, and Mary Alston, 61, were arrested near the courthouse in Elmore County in eas

The Institute of Chartered Accountants of Scotland's (ICAS) experts have examined key aspects of the Scottish Budget announcement and how this addresses issues affecting many, such as the freezing of tax thresholds and increase in income tax. On the key announcements in the Scottish Budget, Justine

Aberdeen-based social enterprise Glencraft has appointed Laura Bruce and Allan Clow as non-executive directors to help deliver the future development plans of the organisation.

An accounting software company which produced its own star-studded sitcom about accountants has announced the launch of its second season.

The cost-of-living crisis and unsettled market conditions have led Stewart Milne Group to pause its efforts to seek its housebuilding business, despite a number of “fruitful discussions” with potential bidders.

Troubled UK government plans to digitise the income tax self-assessment process are being delayed for a further two years, according to reports. Making Tax Digital for Income Tax Self Assessment (MTD ITSA) was set to be introduced from April 2024 but the government is expected to announce the deadli

A staggering £9 billion in revenue was lost by HM Revenue & Customs (HMRC) during the pandemic due to the redeployment of thousands of tax compliance staff to other departments, a report has found. The National Audit Office (NAO) today published its report on tax compliance during and foll

Scottish business leaders have welcomed the government's decision to freeze business rates for a further year. The basic property rate, known as "poundage", will be frozen at 49.8p, deputy first minister and interim finance secretary John Swinney confirmed yesterday. This is estimated to save ratepa

Tax increases on higher earners in Scotland have entrenched the divergence in income tax regimes north and south of the border, financial experts have said. John Swinney, the deputy first minister and interim finance secretary, yesterday announced an increase in the higher and top rates of income ta

Tax expert Kalvir Sangha has been appointed to the board of directors of baroque ensemble Dunedin Consort. Mr Sangha has over 25 years' experience across tax, finance and strategy. He has held senior roles in practice during his career, including partner at RSM where he co-led the UK M&A tax pra

BrewDog Distilling Co’s first ever whisky cask sale has broken a new record to become Whisky hammer's best performing whisky cask auction to date.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to raise the base interest rate from 3% to 3.5% - the highest rate for 14 years. The MPC voted by a majority of 6-3 to push up the bank rate, this is the ninth time in a row the rates have been increased.