The confidence and resilience of Scottish businesses that held up well during the roller-coaster journey through 2021 is facing another dip over the impact of Covid this winter, according to Grant Thornton's Business Outlook Tracker.
Accountancy firm Grant Thornton has been slapped with a financial sanction of nearly £720,000 in connection with failings in its audits of Interserve. Interserve, a major outsourcing company, went into administration in 2019 after financial restructuring plans drawn up by the company’s l
One in three (31%) mid-market businesses believe the increased tax burden is a top threat to future growth, according to a survey ahead of the Chancellor’s Autumn Statement. The findings from business advisory group Grant Thornton show that the increased tax burden is considered as big a threa
The Highland Council demonstrated sound financial management during a challenging financial year, an external audit by Grant Thornton has concluded. Auditors found that the council had improved financial performance, significantly improving the reserve position, and had made good progress on recomme
As major disruption to supply chains continues across the country, Grant Thornton UK LLP’s latest Business Outlook Tracker finds that a perfect storm of temporary and structural supply chain challenges, from changing Brexit regulations to production delays, are threatening to create a winter o
The Financial Reporting Council (FRC) has fined accountancy firm Grant Thornton more than £2.3 million for failings and a 'serious lack of competence' in its audits of restaurant chain Patisserie Valerie. Patisserie Valerie collapsed in January 2019 as allegations of fraud encompassed the comp
Scottish businesses should prepare for a flood of letters from HMRC as furlough draws to a close and the UK Government looks to recoup a suspected £7 billion of fraudulent or erroneous Coronavirus Job Retention Scheme (CJRS) claims, according to business advisers Grant Thornton. HMRC is moving
Scottish businesses face increasing pressure to address environmental, social and governance (ESG) issues but their good intentions in meeting the challenges need to be backed with more robust planning and better reporting, according to a new report by Grant Thornton.
Financial advisory firm Grant Thornton has appointed Jill Hay as a tax partner within its Scottish practice. Ms Hay brings more than 20 years’ experience and will head up a tax team of 35 which provides tax advice to a wide variety of clients.
The UK Government’s plans to shake up the accountancy sector are facing a significant setback, as smaller firms consider snubbing reforms that would see them share FTSE 100 work with the Big Four companies. UK ministers have proposed “managed shared audits” of FTSE 350 businesses,
Grant Thornton has seen a sharp increase in profit within its audit division after the firm invested £17 million in 2019 to improve the quality of its audit work. The accountancy firm posted an audit profit of £11.3m for the 12 months to the end of December, compared with £1m for t
With just under three weeks to go until the IR35 deadline on 6 April, new research from business and financial adviser Grant Thornton UK LLP has found that over one in three (38%) mid-sized businesses are not ready for the transition.
More support for international trade and low carbon business strategies are two of the main asks from mid-market business leaders in Scotland, according to a survey carried out by advisory firm Grant Thornton in the days following Holyrood’s budget. The survey found that 48% were very op