UK accountancy group MHA has announced a merger with Aberdeen-based Meston Reid & Co. Meston Reid & Co provides a full complement of accountancy and business advisory services for clients primarily in the North-east of Scotland.
Aiming to support the next generation of accountants, chartered accountancy firm Meston Reid & Co has appointed two graduate trainees, a graduate apprentice and a placement student. Its two new trainees – Natalia Cram and Daniel Lowden – have recently graduated from Robert Gordon Uni
Michael Reid, of Meston Reid & Co, has been appointed liquidator of Huntly and District Ex-Servicemen’s Club - a once-thriving historic social club. Huntly and District Ex-Servicemen’s Club closed its doors at the end of March this year. The venue had been in operation since it was r
Aberdeen chartered accountancy firm Meston Reid & Co has hit new heights for charity.A daredevil team from the practice took part in The Big Hop Bungee at Aberdeen Beach. Six colleagues bravely took the leap of faith from the 160ft crane, so far raising £1,166 in aid of Clan Cancer Support
Michael Reid discusses the challenges of personal financial crisis, the limitations of Debt Administration Scheme, and explores sequestration under Scottish law as an alternative debt relief mechanism. My recent article regarding personal financial challenges and potential utilisation of the Debt Ad
Tax expert Adrian Johnston discusses the recent increase in interest rates on late tax payments by the HMRC, its potential impact on businesses and individuals, and the possible solutions like the 'Time To Pay' service that allows for customised payment plans based on individual financial circumstan
Michael Reid, managing partner at Meston Reid & Co, discusses the intricacies of bounce-back loans. In May 2020, the bounce-back loan initiative was introduced by the UK government which provided loans of between £2,000 and £50,000. The application limit was a maximum of 25% of annua
Michael Reid, managing partner at Meston Reid & Co, offers advice on solvent liquidation. For the vast majority of businesses, particularly those with annual sales greater than £100,000, operating through the medium of a limited liability company is the most popular choice.
Michael Reid, managing partner at Meston Reid & Co, offers advice to individuals struggling with personal debt. My recent article regarding personal financial challenges provoked a certain amount of feedback because many individuals are struggling to pay their bills and have a concern that their
Michael Reid discusses the available options a director should consider when a company is facing insolvency to ensure they act in the best interest of all stakeholders. If all attempts to avoid formal insolvency have been exhausted and the company is about to fold, directors might be forgiven for ha
Michael Reid, managing partner, Meston Reid & Co, discusses the ways to deal with an overdrawn director's loan account in the case of insolvency. As the number of formal insolvencies begins to increase and there are signs that recessionary pressures in 2023 will witness a further wave of company
Michael Reid, managing partner, Meston Reid & Co, offers advice for individuals looking to liquidate their company. One reads plenty media comment about an increase in both corporate and personal financial failure due to various factors and certainly, although there is some government assistance
Michael Reid, managing partner at Meston Reid & Co, discusses the role of liquidators in the fight against fraud. It is often said that challenging economic conditions create financial uncertainty and result in an increase in fraudulent activity by the unscrupulous.
Alan Stewart, tax partner at Aberdeen-based Meston Reid & Co, gives insight on succession planning for farmers and their estates. One of the biggest concerns that any farmer could eventually face is when they decide to pass on their farm to the next generation.
Michael Reid, managing partner at Meston Reid & Co, highlights the need for well managed accounts. There has been a marked increase over the last few months in those seeking independent and experienced advice about the financial condition of their business because the overt signs are that the bu