Azets

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

Peter Gallanagh, the CEO in Scotland for accountancy firm Azets, has marked the year of the business following a rebrand by paying tribute to staff for their commitment to clients and each other during the last year and for the contribution they have made to the development of the business

Azets, the accountancy firm specialising in the SME sector, has appointed Andrew Addie as a tax advisory director within the firm’s specialist tax consultancy team. He is returning to the profession after working for a leading Ayrshire care home business. He has more than 35 years’ exper

Accountancy firm Azets has hired Frazer Nicol to head up a new Corporate Tax Team within the firm’s fast-growing Aberdeen office. Mr Nicol joins Azets as a tax director from the Aberdeen office of Anderson Anderson & Brown LLP.

Retired accountants are being encouraged back to the profession with a new recruitment drive about to be launched by Azets, the accountancy firm specialising in the SME market. Azets is growing rapidly and recently announced plans to recruit an additional 250 staff during the next five years in Scot

More than two-thirds of UK SMEs feel positive about the UK's economic outlook – though there is more optimism in London and the south than in Scotland, according to SME accountancy firm Azets. According to a new survey, 87% of UK SMEs expect to be trading in a year whilst a further 68% feel po

Derek Forsyth and Blair Milne, partners with Azets, have been appointed joint provisional liquidators of the Largs-based electrical contracting specialist Elecore Electrical Limited. Founded in 2017, the family-owned business provided a wide range of electrical design, contracting, data, fibre and p

Scotland’s construction sector could see a high risk of business closures with the expiry of temporary measures introduced under CIGA (Corporate Insolvency and Governance Act 2020) and the removal of financial support schemes such as Furlough, both due to end on 30th September, a construction

The appointments of James Fennessey as a new restructuring partner and restructuring partner Blair Milne to the senior leadership team for Scotland lead a raft of promotions across Azets’ business in Scotland. James Fennessey is a specialist in developing turnaround solutions for companies in

Accountancy firm Azets has hired Matthew Allan as an associate director based in the audit team within the firm’s fast-growing Aberdeen office. Mr Allan has extensive experience auditing businesses in the O&G, food and drink, construction, manufacturing, retail and family business sectors.