FRP Advisory, the specialist business advisory firm, has told shareholders to expect another rise in restructuring activity over the next few months. In a trading update issued yesterday, the firm said it expects to see increased activity in the higher value restructuring and administration market a
Accountancy
Ahead of this afternoon’s vote to set Scottish Income Tax rates for 2023/24, the Chartered Institute of Taxation (CIOT) has published the results of a new poll suggesting growing confusion over how taxes are decided in Scotland. The CIOT has also published a tax table showing the differences i
New research has revealed that almost one quarter of SME businesses are at risk of serious cash flow problems as they do not have basic cash flow projection processes in place. The findings were revealed by accountancy firm Azets following a financial resilience webinar attended by nearly 200 SME bu
The Association of Chartered Certified Accountants (ACCA) has revealed that Scotland leads the way in offering flexible working globally amid a battle for talent and skills where business’ working policy is often the difference between recruiting more talent or not.
The number of profit warnings issued by UK-listed companies in 2022 increased by 50% year-on-year, with record levels of warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report.
Law firms and accountants that fail to do enough to prevent fraud are the target of the UK government's Economic Crime and Corporate Transparency Bill.
New data from financial mutual Scottish Friendly has revealed that the number of new stocks and shares ISA policies opened by adults in Scotland fell 17% year-on-year in the three months to December 2022. Sales in the run-up to Christmas were significantly lower than the previous year and the value
Business rescue and recovery specialist Begbies Traynor has moved from its base in West Nile Street, Glasgow, to newly renovated offices in the city centre in Bothwell Street. The firm has signed a lease for a 4,094sq ft office suite at a prominent former bank branch which has been refurbished to pr
Johnston Carmichael partners with Fair4All Finance to deliver report encouraging financial inclusion
A new report highlighting the positive impact of the customer support banks provided during the pandemic and calling for some measures to be re-introduced amid the rising cost of living has been published by Fair4All Finance, with support from Johnston Carmichael. In research conducted with Lloyds B
The Institute of Chartered Accountants of Scotland (ICAS) has welcomed the announcement of new measures to protect consumers who use tax repayment agents and the publication of an updated HMRC standard for agents. This follows a consultation last year.
Michael Reid, managing partner, Meston Reid & Co, offers advice for individuals looking to liquidate their company. One reads plenty media comment about an increase in both corporate and personal financial failure due to various factors and certainly, although there is some government assistance
Shehzad Ashaq, corporate tax director at Wylie & Bisset, has won the Rising Star in Business category at the 15th Scottish Asian & Business Awards 2022. The awards recognise a wide range of achievements from Asian individuals across Scotland who positively impact business, charity, sport, ar
The October 2022 Football Distress Survey, which has been conducted for over a decade by business recovery specialist Begbies Traynor, indicates that there has been a 50% rise in Scottish clubs showing signs of distress compared with March 2022. A total of nine clubs in Scotland (12.5%) are showing
Tax revenues in the UK soared by £85.1 billion over the last financial year, according to new figures published by the Organisation for Economic Co-operation and Development (OECD).
Wylie & Bisset: Well-trained staff are the first line of defence against the threat of cyber attacks
With reports of all organisations facing an increasingly sophisticated range of cybersecurity threats, Wylie & Bisset, Accountants and Business Advisers, has advised SMEs that well-trained staff are the first line of defence against cyber-attacks. Kevin McDermott, senior IT auditor at Wylie &