Accountancy

Michael Reid, managing partner at Aberdeen-based chartered accountancy practice Meston Reid & Co, discusses the utilisation of bounce-back-loans for unintended purposes. Much has been reported in the media over the past few months about a company obtaining a bounce-back loan and the directors no

Corporate insolvencies in Scotland remained steady in the first quarter of 2022, as a series of compounding crises – from inflation and supply chain disruption to the impact of the conflict in Ukraine and the COVID pandemic – continue to place pressure on businesses. Analysis of notices

Anderson Anderson & Brown (AAB), the tech-enabled business critical services group, today announced a merger with FPM, an all-Ireland independent accountancy and business advisory firm, building on its regional presence across the UK and creating a significant new hub across the island of Irelan

PwC staff have been told they can finish early on Fridays over the summer in a renewed attempt to keep employees happy amid the shift back to working from the office after the pandemic. The Big Four firm has written to its 22,000 staff in the UK and informed them that they can finish at lunchtime on

Foreign secretary Liz Truss has banned Russian businesses from using UK accountants as she announced new sanctions on Russia in wake of its invasion of Ukraine. The sanctions include a ban on services exports to Russia, cutting them off from doing business with UK sectors that are critical to the Ru

Independent financial advisory firm, Phil Anderson Financial Services, has been hailed as one of the best financial advisers to work for in this year’s national Professional Adviser Awards. The Ellon-based company, which now has a headcount of 19 staff across its offices, is the only Scottish

Accountancy and business advisory firm Henderson Loggie has strengthened its audit team with the appointment of charity specialist Keith Macpherson as its new partner. Mr Macpherson, who takes up the role from his position as audit director and head of not-for-profit at Johnston Carmichael, brings w

Scottish accountancy firm William Duncan + Co Ltd has announced that the final total raised by its Kiltwalk team has reached £7,500.

Alvarez & Marsal, the joint administrator of the former private healthcare company NMC Health, has filed a High Court claim of at least $2.5 billion against the firm's former auditor, EY. Yesterday, Alvarez & Marsal revealed that as part of its "wide-ranging investigation into the situation"

Azets, the accountancy firm and specialist business advisor to SMEs, has announced the acquisition of Tait Walker, one of the largest independent accountants and business advisors in the North East. It marks the third UK acquisition in four months as Azets continues to deliver on its ambitious growt

While businesses in Scotland and across the UK saw signs of early financial distress plateauing in the first quarter of 2022, Ken Pattullo, who leads independent business rescue and recovery specialist Begbies Traynor in Scotland, is warning businesses to batten down the hatches in the face of globa

Scotland has seen a 164% increase in corporate insolvency numbers (liquidations and receiverships) in the fourth quarter of 2021-22, compared to the fourth quarter of 2020-21, at 240, against 91. According to the latest figures, the number of corporate insolvencies in Scotland stayed the same in Q4

The number of new tech companies incorporated in Scotland jumped 37% in 2021, according to new analysis by audit, tax and consulting firm RSM UK. A total of 1,055 tech businesses were incorporated in the region in 2021 according to an analysis of data held by Companies House, up from 772 in 2020.

Henderson Loggie has announced the appointment of Gavin Black to its board, as the accountancy firm prepares for its next phase of expansion. Mr Black takes up the role with immediate effect.

Widespread burnout and lack of flexible work continue to hinder working women’s career progress, according to a new Deloitte Global report.  Deloitte Global conducted a survey of 5,000 women in 10 countries, including 500 working women in the UK, to understand the impact the COVID-19 pand