Accountancy

Michael Reid, of Meston Reid & Co, has been appointed liquidator of Huntly and District Ex-Servicemen’s Club - a once-thriving historic social club. Huntly and District Ex-Servicemen’s Club closed its doors at the end of March this year. The venue had been in operation since it was r

The recent introduction of Glasgow's low emission zone (LEZ) has had unexpected financial repercussions for both businesses and their employees, following a staggering 6,000 penalty charge notices in July, according to accountancy firm Azets. The rise in penalty charge notices linked to the new

Big four firm EY has informed its UK staff of imminent reduced pay rises and smaller bonuses for this year, amidst slowing demand for consulting services.

Recent findings have revealed that a significant proportion of Generation Z in the UK holds misconceptions about the accountancy profession. The study, commissioned by Grant Thornton UK, which involved 2,000 respondents aged 16-25, suggests these misconceptions might be preventing many young individ

In a recent response to the Department of Business and Trade's (DBT) survey on non-financial information, the Institute of Chartered Accountants of Scotland (ICAS) highlighted the significance of non-financial reporting for businesses.

EY has promptly rebuffed a recent proposition by American private equity firm TPG Capital to divide the firm into two distinct units.

The Financial Reporting Council (FRC) has published the 21st edition of its Key Facts and Trends (KFAT) report, providing the latest statistical information and trends on the UK accountancy and audit profession. This year's report highlights continued growth in accountancy membership, with nearly 40

As students across Scotland receive their exam results this week, accountancy professional body ACCA Scotland is reassuring young people that there’s no right or wrong time to start a career in finance. While results day will be a day of celebration for many, for some young people it will brin

Claiming tax relief for research and development has become harder as businesses claiming tax relief for research and development (R&D) will face stricter scrutiny, following the introduction of new rules this week. This follows concerns from the HM Revenue and Customs (HMRC) about fraud and err

Audit fees for major UK companies have seen a significant uptick over the past year, as the demand for enhanced audit quality has grown following various industry scandals. Data from Thomson Reuters highlighted that the top 500 UK companies, including prominent names such as Tesco, Barclays, and Uni

Scottish businessman Mohammed Ameen Mirza could face jail time after admitting tax evasion. The fifty-eight year old filed fraudlent declarations for his store in Glasgow’s Gorbals and another in Cambuslang, Lanarkshire, in April 2014.

Financial intermediary MAF Finance Group (MAF), which works across the UK, has established a base in Edinburgh to strengthen its presence in Scotland. The business has also appointed experienced lending specialists Nick Elder and Deborah Louden to head up its Scottish operation.

Shehzad Ashaq has questioned the logic of changes to R&D tax credits that favour large companies over SMEs. From 1 April 2023, SMEs have seen R&D tax credits relief on qualifying costs reduce from an enhancement of 130% to 86% and, for loss-making companies, repayable credit reduce from 14.5

Engineering business Martin Precision Ltd has transferred to employee ownership thanks to advice and support from Glasgow-based Consilium Chartered Accountants. A majority shareholding in the third-generation family business - a global player in the manufacture and supply of precision components for

Accountancy and business advisory firm Azets has raised £12,258.50 for The Archie Foundation following a range of fundraising efforts. Azets staff arranged a corporate golf day, a quiz night and a bake sale to support the organisation - which is the firm's chosen charity of the year.