Azets

Rachel Wilson, a cyber specialist with Azets is warning that staff absences, illnesses, vulnerable systems and the requirement to work from home has created the perfect opportunity for criminals to target SMEs with weak IT security this festive period. Ms Wilson s warning that cyber-attacks such as

The introduction of further restrictions in response to the Omicron Covid-19 variant could derail the fragile economic recovery and have a devastating impact on Scotland’s crucial SME sector, according to Blair Milne, head of restructuring insolvency at Azets in Scotland. Blair Milne has

Accountancy firm Azets has announced the promotion of Edinburgh-based partner Gary Devlin to UK head of internal audit and the appointment of Glasgow-based Elizabeth Young as an internal audit partner for Scotland and the North. Mr Devlin will lead a team of over 50 staff delivering an extensive ran

The Aberdeen office of accountancy and business advisory firm Azets has made a further senior hire with the appointment of Richard Stephenson as director of the firm’s Accounts and Business Advisory Services (ABAS) department. The ABAS team oversee the technology-led delivery of all compliance

Accountancy firm Azets has maintained its expansion strategy with the acquisition of a Yorkshire firm Garbutt + Elliott. Established in 1896, Garbutt + Elliot is one of the largest independent accountancy firms in Yorkshire with over 200 staff, 15 partners and a turnover of £12 million. It wil

Donald Boyd, head of growth at accountancy firm Azets, is urging businesses to embrace and implement Environmental, Social, and Governance (ESG) policies or risk losing their sources of funding. Climate change and ESG is already starting to have a significant impact on funding decisions and director

Blair Milne and James Fennessey, partners with Azets, have been appointed joint administrators of Wishaw-based mechanical and electrical contracting specialist Weir & McQuiston (Scotland) Limited. Founded in 1976, the family-owned business provided a full portfolio of mechanical and electrical d

Next year is likely to see a dramatic rise in personal bankruptcies and asset repossessions as inflation and interest rates begin to climb and consumers struggle to absorb rising levels of debt, Azets has warned. The Bank of England’s new chief economist has warned that inflation is likely to

Azets, the accountancy firm specialising in the SME sector, has appointed family business expert Norma Stewart as an accounts and business advisory services partner based in the firm’s Glasgow office. Norma Stewart has over 30 years’ experience advising family businesses and their owners

Accountancy firm Azets is urging businesses to take advantage of incentives to invest in their businesses or sell their business, and whilst they still can, ahead of an expected ‘tax grab’ during the 2022 budget. Aileen Scott, head of tax with Azets in Scotland, is predicting harsher rul

Many businesses could face major refinancing problems in the latter half of 2022 if the Recovery Loan Scheme (RLS) is not extended beyond the summer and banks continue to refuse to transfer outstanding CBILS when companies refinance, a banking expert has warned. Murdoch MacLennan, banking partner wi

Accountancy firm Azets has announced the appointment of Lynne Wilson as a new partner based in Perth with effect from 1 November 2021. Ms Wilson is a specialist advisor to owner-managed businesses. She joined Azets as a manager in 2013 and was promoted to director in 2018.

The 7.5% rise in VAT – which takes effect on Friday - will hit the hospitality industry, slow the recovery and even trigger permanent closures, according to Scott Craig, partner and head of VAT at accountancy firm Azets. The original cut, from 20% to 5%, came into effect on 1 July 2020 but fro

The Aberdeen office of regional accountancy firm Azets has taken a further 2000 sq ft of space at its Albyn Place offices with capacity for a further 20 staff as the firm responds to rising demand from businesses across the North-East of Scotland. Azets has also strengthened its new corporate tax te

A severe shortage of working capital is set to cause a growing number of business failures as companies responding to the recovery become overstretched and insolvent due to a lack of cash, James Fennessey, restructuring partner with Azets in Scotland, has warned. Working capital is the liquidity ava