Accountancy

Recent data unveiled by ACCA has highlighted significant issues UK accountants face when interacting with HMRC services at even the most basic level. Over half (52%) of the surveyed UK ACCA members voiced concerns that HMRC's service quality was negatively affecting their work efficiency. This

Soaring corporation taxes of up to 25%, shrinking allowances and new advance payment rules are projected to affect more than 40% of Scots’ businesses with year ends between December 2023 and March 2024, seriously affecting cash flow and investment, a business tax expert has warned. Mark Pryce,

Accountants and business advisers firm Wylie & Bisset has joined in calling on the Scottish government to urgently address the charity audit threshold disparity between Scotland and England and Wales, suggesting it should be doubled and brought into line with other regions. Increases to the comp

The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties. As detailed in the latest Red Flag Alert data fr

The Institute of Chartered Accountants in England and Wales (ICAEW) has appointed Alan Vallance as its upcoming chief executive. He is set to assume the role in Spring 2024, succeeding Michael Izza, the Institute's head since 2006.

EY Scotland has welcomed the appointment of nine new partners, 150 promotions and 100 graduates and apprentices, as the firm announces record UK revenues of £3.8 billion in FY23. The partner appointments include seven internal promotions and two external hires, across Edinburgh and Glasgow, br

Blair Nimmo and Geoff Jacobs from Interpath Advisory were appointed joint provisional liquidators of Newman Bonar Ltd on Wednesday 25 October 2023. The company was established in Dundee in April 2023 by its present owner to acquire the business and assets from the administrators of Bonar Yarns Limit

Accountancy firm Johnston Carmichael has intensified its commitment to fostering talent by welcoming 90 new students to the firm.

PwC's global firms have reported a record revenue of $53.1 billion (around £43.5bn) in the financial year ending 30 June 2023, marking a 9.9% growth in local currency. This achievement comes despite the exclusion of the Russian firm from the network and the sale of the global mobility and immi

Accountancy and business advisory firm Haines Watts, which has offices in Edinburgh and Kirkcaldy, has celebrated a flurry of appointments and promotions, as they continue to invest in local people across Scotland.

In a move to foster social mobility and diversity, Johnston Carmichael has teamed up with the ICAS Foundation in a collaboration to financially back young, disadvantaged Scots pursuing accountancy degrees, addressing educational inequality head-on. As part of the agreement, Johnston Carmichael will

Amid a challenging economic backdrop and a slump in the deals market, KPMG has announced it is instituting new austerity measures within its UK operations. The firm is set to slash around 110 positions in its deal advisory department, constituting approximately 7% of the sector's nearly 1,700 person

People who use their own cars for business trips are being left out of pocket by “severely outdated” mileage rates, the Association of Taxation Technicians (ATT) has warned. Employees can be reimbursed for business travel tax-free - provided that their employer uses HMRC approved rates.

The Association of Chartered Certified Accountants (ACCA) has expressed concerns regarding the preparedness of UK local authorities to embrace the International Financial Reporting Standard (IFRS) 16, which pertains to lease accounting. Responding to a consultation on the update to the Code of Pract

While welcoming the UK government’s plans to launch more stringent initiatives to curtail the persistent problem of late payments to SMEs as a step in the right direction, Wylie & Bisset, accountants and business advisers, noted that the initiatives apply only to larger businesses with a t