News

In a bid to raise awareness of businesses that have flouted the law and deliberately paid their employees less than the statutory National Minimum Wage (NMW) – which is due to rise further from April 2022 – HM Revenue & Customs (HMRC) recently issued a press release listing the most

A former art museum boss has gone on trial for allegedly spending millions of euros in public funds to buy works of art she knew to be fake.

Partners at EY took home £749,000 last year after the company saw UK revenues grow by 7.3% and fee income increase to £2.75 billion. EY's latest results report strong growth across all its service lines. Revenues in strategy and transactions grew 12.1%, consulting grew 9.5%, assurance gr

Audit, tax and consulting firm RSM has announced the promotion of Paul Russell to director in Glasgow as part of its largest ever cohort of new directors. Mr Russell has has over 23 years’ experience specialising in all aspects of VAT and indirect tax, both in practice and within HMRC. He advi

Aberdeenshire Council has announced the appointment of Jamie Dale as its chief internal auditor with effect from 6 January 2022. Mr Dale is currently the head of geographic and cross-government assurance for the Foreign, Commonwealth and Development Office (FCDO).

R&D and innovation was a key feature in Rishi Sunak’s Autumn Budget. The Chancellor underlined his aim to raise direct and indirect public support for R&D to 1.1% of GDP in 2024-25, well above the OECD average of 0.7%. The Government hopes to bounce back from the financial impact of th

Glasgow-based Loganair saw its turnover halve to £81 million in the 12 months ending 31 March 2021, marked by the full impact of the Covid-19 pandemic. The UK’s largest regional airline flew every day throughout the pandemic, ensuring that essential travel needs for communities in the Sc

Aberdeen house prices rose 2.3 per cent in the last quarter, a new report shows. Published by Aberdeen Solicitors’ Property Centre Limited, in cooperation with the University of Aberdeen, Business School, Centre for Real Estate Research – the data also indicate that:

Perth-based Carbon Financial Partners has been recognised with the Gold Standard Award for Independent Financial Advice for the eighth year in a row. The Gold Standard, now in its 19th year, is a benchmark of excellence in the profession. Carbon was one of four firms to win the award in the category

Around one in six Scottish shops are lying empty, one of the highest vacancy rates in the UK, according to new figures. A total of 16.4% of units were classed as vacant in Q3 2021, compared with 16.1% in the previous quarter, The Times reports.

A socialite's speeding fine has been halved to £50 after she requested special treatment due to “financial hardship”.

A sustainable Scottish distillery has secured £2.6 million from HSBC UK to support the building of its new visitor centre, creating around 30 new jobs in the Angus area.

Highland-based Reid & Fraser Chartered Accountants has become Scotland’s – and possibly the UK's – first employee-owned full-service accountancy firm. All shares in the company have been played into an employee ownership trust (EOT), marking a significant milestone within the s

Accountancy firm Grant Thornton has been slapped with a financial sanction of nearly £720,000 in connection with failings in its audits of Interserve. Interserve, a major outsourcing company, went into administration in 2019 after financial restructuring plans drawn up by the company’s l

Edinburgh-based Par Equity has achieved a major milestone with more than £100 million invested in high-growth technology businesses. The company, which backs emerging technology stars across the north of the UK, reached the milestone in mid-October.