Azets

Hospitality businesses should prepare for imminent changes to the law on tips and gratutities or face the risk of employment tribunals and penalties, a tax specialist has warned. The new Employment (Allocation of Tips) Act 2023, which takes effect on 1 October 2024, will make it unlawful for employe

Azets has bolstered its UK workforce with the addition of 333 graduates and school leavers, 60 of whom are based in Scotland. The firm now has 817 staff now studying towards a professional qualification. Investment in the next generation of talented business advisors is a key development strategy fo

Accountancy and advisory firm Azets, which has its largest UK office in Braehead, has agreed to acquire Paisley-based chartered accountancy and wealth manager Milne Craig for an undisclosed sum. The historic Renfrewshire firm was founded over a 100 years ago and has established an excellent reputati

Company directors are being urged to avoid engaging rogue unlicensed insolvency advisors or risk severe financial penalties, being struck off as a director or at worst, a prison sentence, an accountancy firm has warned. "It is very concerning that some directors are engaging the services of unlicens

Joining from a Big Four firm, Azets has appointed George Roberts as corporate tax partner to its Glasgow office. Mr Roberts was last head of the local transactions tax team at EY. He has extensive experience of developing tax strategies on a wide variety of transactions both in the UK and inter

Glasgow-based SMEs have been urged to ensure compliance with the national minimum wage (NMW) amid a local crackdown by HMRC. Scotland's largest city is one of the locations being specifically targeted by the tax authority, and businesses found guilty of non-compliance will be ordered to pay NMW arre

Azets has unveiled 32 promotions across Scotland, including Alan Glen as VAT partner in Edinburgh. Mr Glen has extensive experience advising a wide range of businesses and public sector organisations on VAT issues, from start-ups and spin outs through to owner managed businesses, international

Medium-sized businesses are more optimistic than smaller firms with economic and geopolitical uncertainty, recruitment problems, investment in cybersecurity and talent acquisition the key concerns according to the latest Azets Barometer Survey. The survey, which researched UK businesses during April

A government scheme designed to boost SME exports is being underutilised due to low awareness and poor marketing, according to a business finance specialist at Azets. The General Export Facility (GEF), a relatively unknown but valuable government scheme that is designed to boost Britain’s SME

The Oban Phoenix Cinema, a community-owned cinema with a history dating back to the 1950s, has entered provisional liquidation and is urgently seeking a new buyer

Fife-based multi-disciplined contractor T&N Gilmartin (Contractors) Ltd has transferred its entire shareholding to an Employee Ownership Trust (EOT), making its workforce of approximately 90 staff part owners of the business There are now nearly 200 EOTs trading in Scotland – a marked incr

Scotland’s £7.3 billion dealmaking sector could be forfeiting approximately £10 million in recoverable VAT every year for costs such as professional fees that are not being reclaimed, according to new research into the UK’s M&A sector by Azets. The accountancy firm estima

David Meldrum, director within Azets' Scottish restructuring and insolvency team, has recently obtained his insolvency licence from ICAS, becoming the firm's third practitioner to be licensed in Scotland. Mr Meldrum, who has been working in the Scottish insolvency market for 17 years, joined Azets i

A substantial number of Scottish businesses could potentially miss out on vital research and development (R&D) tax relief by failing to meet new requirements to pre-register their intention to make a claim, a tax expert has claimed. According to Gemma Monaghan, Azets partner and national head of

Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company's director. The appointment was made on 11 March 2024 after the refrigerated haulage firm based in Annan, Dumfriesshire, cea