Azets

Businesses could be at risk of failure to prevent fraud if they don’t meet new compliance requirements, a senior accounting professional has warned.   David Houghton, head of forensic accounting at Azets, gave the warning after the new Economic Crime and Corporate Transparency Act (ECCT A

A vehicle dealership with seven sites including Haddington, East Lothian, Hawick in the Borders and Alnwick in Northumberland has been sold to a management buyout team.

Just six small changes to the management of Scottish SMEs could help ease pressure on their finances, staff and management, according to Azets. Nicola Campbell, head of accounts and business advisory services in the Glasgow office of Azets, is encouraging Scotland’s SMEs to review and mine the

Azets has warned that many businesses still face prohibitive borrowing costs and slow decision-making from lenders despite the UK governments SME plan to boost access to finance. The UK government’s SME plan to boost access to finance includes a range of measures including the expansion of the

A leading business adviser has cautioned that the government's latest pledge to slash red tape for small and medium-sized enterprises (SMEs) must translate into tangible, everyday change if it is to be deemed a success. The UK government has pledged to cut administrative regulatory costs for SMEs by

Business owners are at risk of being fined for incorrect Capital Gains Tax payments due to an issue with HMRC’s software, a tax specialist has warned. John Kean, a private client tax partner based in the Edinburgh office of Azets, is urging business owners to review their tax returns for the l

UK small and medium-sized enterprises (SMEs) are holding back on investment despite possessing significant cash reserves, according to Azets. Peter Gallanagh, UK CEO at Azets, says business owners are ready to spend pent-up capital but are “paralysed by fear” due to geopolitical uncertai

Several charities across Scotland are set to share in £1 million of surplus funds following the sale of Balmanno House by Blair Milne and James Fennessey, joint liquidators and partners with Azets. Balmanno House, a registered charity located in the West End of Glasgow which had been providing

The Financial Reporting Council (FRC) has launched an investigation into Deloitte and Azets over their audits of the collapsed fintech company, Stenn. The probe follows the company's fall into administration in December after lenders raised concerns about potentially suspicious transactions.

Azets has appointed John Kean as a new private client tax partner based in the firm’s fast-growing Edinburgh office. Mr Kean has 15 years’ experience advising private clients, partnerships, trusts, estates and entrepreneurs on their personal and wealth management tax strategies. His exte

Azets has appointed Graham Parker as a new accounts and business advisory services director in the firm’s Perth office. Mr Parker has 20 years’ experience advising a wide range of SME and entrepreneurial clients on their business, tax, growth and succession planning strategies. As a

A new report on the National Living Wage (NLW) has revealed 44 Scottish businesses did not pay the correct minimum wage, risking fines of up to 200% of the defaulted amount. Published by the UK government, the report shows one Scottish business had nearly £187,000 of unpaid wages and collectiv

Chancellor Rachel Reeves should revisit abandoned proposals from the defunct Office of Tax Simplification (OTS) to simplify the UK’s complicated tax system and unlock greater yield – without further damaging business confidence or deterring investment – according to Azets. In light

Azets has revealed it is actively seeking acquisitions to bolster its presence in key UK regions, including London, Birmingham, Manchester, and the east of England. Its Glasgow-based chief executive, Peter Gallanagh, told The Herald the firm also plans to strengthen its position in parts of Scotland

The profits of thousands of Scottish businesses are being squeezed by stealth due to inflation – or the ‘invisible tax’ as it is sometimes known – and should raise their prices, cut costs and invest in efficiency, a business advisor has warned. Inflation, currently around 3.5