Azets

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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

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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

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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

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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

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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

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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

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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

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Glasgow-based architectural firm Keppie Design has transitioned its entire shareholding to an employee ownership trust (EOT), making it the latest Scottish company to adopt this ownership structure. More than 100 staff are set to become part-owners of the business. Founded in 1854 by John Honeyman,

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Businesses have judged the UK tax regime negatively for its impact on four key economic issues – business growth, innovation, sustainability, recruitment and retention – according to the latest Azets Barometer. The UK scored an average of below 5 (on an optimism scale ranging from zero t

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Scottish businesses and their employees are paying millions in extra tax for fossil fuel powered company vehicles when a switch to Electric Vehicles could save ‘breathtaking’ amounts, according to a Scottish company tax expert who will showcase the benefits at seminars being held next we

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A new survey by accountancy firm Azets has revealed that despite 58% of businesses considering succession planning, the high levels of awareness about succession are not being matched with formal planning. The latest Azets Barometer survey – which measures the opinions of business leaders acro

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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,

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Scotland’s care homes sector is facing an uncertain future due to mounting financial and operational pressures, including shortfalls in local authority funding, with further closures and a contraction in capacity likely, an insolvency expert is warning. Around 1,050 care homes in Scotland with

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