Accountancy

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The EY ITEM Club has more than halved its forecast for UK economic growth in 2024 – from the 1.9% growth expected in April to 0.8% now – in its new Summer Forecast, reflecting higher-for-longer interest rates and stickier inflation. Positively, the economy’s resilience so far this

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Confidence among the finance leaders of the UK’s largest firms has dipped in the second quarter, partially unwinding the sharp rise in sentiment seen in Q1 2023, according to Deloitte’s UK CFO Survey Q2 2023. A net -10% of CFOs are more optimistic about their firm’s financial prosp

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Chris Tate, a restructuring and recovery expert at Azets, has said that new financial pressures are continuing to drive business failures across the UK, with the hospitality sector most vulnerable to stubbornly high inflation – causing a "perfect storm to brew". The warning comes as new monthl

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Carlisle-based accountants, business and financial advisers firm Armstrong Watson, with offices in Dumfries and Glasgow, has been recognised amongst the UK’s most outstanding apprenticeship employers for the second year in a row. The Department for Education ranks the firm 46th this year, impr

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SBP Accountants & Business Advisers (SBP), a North-east accountancy firm with offices in Aberdeen, Peterhead, Fraserburgh and Banff, has announced the promotion of Sophie Hannah to the position of director. Ms Hannah, 26, joined SBP in 2013 as an accounts assistant following work experience duri

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North East accountants and business advisors M Squared Accountants has reached the finals of the UK's prestigious Accounting Excellence Awards. The Fraserburgh firm has been shortlisted for the finals in the Small Firm of the Year category of the awards which will be take place later this year at a

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EY has recently promoted 267 senior staff members to partner status, marking a 10% increase in its partnership cohort, which now numbers 1,683 in the UK. This move underlines EY's ambitions to prioritise growth and respond to escalating client demand. However, less than half (42%) of the newly promo

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Wylie & Bisset has unveiled an array of promotions across various sectors of its organisation including audit, business advisory services, insolvency, payroll, and tax departments.  Sandy Hogg and Rory McCall have received promotions to associate director within the external audit team, ack

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VAT expert Iain Masterton has warned that escalating costs driven by inflation could jeopardise the survival of smaller businesses by pushing them over the current VAT threshold. As the head of VAT at accountancy and advisory firm CT, Mr Masterton raises concern over the additional VAT bur

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Evelyn Partners, the wealth management and professional services group, has revealed the continued expansion of its presence in Scotland with the completion of a deal that will see the team from PPM Wealth join its Glasgow office. PPM Wealth is a client focused Glasgow-based boutique wealth manager

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Accountancy firm Henderson Loggie has welcomed six new interns at its Dundee and Edinburgh offices. The firm's new interns will gain practical experience over a period of 8-12 weeks, working on authentic client projects and acquiring an in-depth understanding of the accounting industry.

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Carmine Di Sibio, the global chairman and chief executive of Big Four accountancy firm EY, has announced plans to step down in June next year. His decision comes in the wake of a scrapped proposal to divide EY into separate audit and consulting businesses, a move informally known as Project Everest.

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The chair of the Financial Reporting Council (FRC), Sir Jan du Plessis, has countered claims from senior partners at the Big Four accounting firms stating that they should increase junior auditors' pay to make the sector more appealing to young recruits.

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Scottish construction accountancy firm, Empowered By Cloud, has achieved a record £1 million turnover, 45% up from the previous year's £692,000, according to financial reports for the year ended 30 April. This marked growth for the Glenrothes-based firm, established in 2018, comes alongs

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