Meston Reid & Co

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Michael Reid, managing partner at Aberdeen-based chartered accountancy practice Meston Reid & Co, discusses the utilisation of bounce-back-loans for unintended purposes. Much has been reported in the media over the past few months about a company obtaining a bounce-back loan and the directors no

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Michael Reid, managing partner at Meston Reid & Co, discusses the intricacies of entering an insolvent liquidation process. The Meston Reid & Co insolvency team has already assisted a number of companies to enter an insolvent liquidation process, with many directors citing the ongoing effect

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Michael Reid, managing partner, Meston Reid & Co, offers advice on how to manage personal debt. Personal financial difficulties can sometimes arise quickly and without warning. Sometimes it’s down to matters outwith the control of the individual: redundancy, perhaps, or a relationship brea

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Michael Reid, managing partner at Meston Reid & Co, looks at the current trends in insolvencies in Scotland. I recall the harbingers of doom and their forecasts that 2021 would bring large-scale corporate and personal insolvencies.

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Michael Reid, insolvency practitioner and managing partner at Aberdeen-based chartered accountants Meston Reid & Co, considers the role of a licensed insolvency practitioner. Anyone asked about the daily tasks performed by a licensed insolvency practitioner (LIP) might guess they include busines

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Aberdeen-based chartered accountancy firm Meston Reid & Co has continued its policy of nurturing professional talent by taking on three new trainees and a placement student. Its trio of trainees – Jonathan Bain, Cara Wilson and Kendall Gibson – have recently graduated from Robert Gor

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Stuart MacPherson, business services manager at Meston Reid & Co, considers the tax challenges for hospitality businesses emerging from the Covid-19 pandemic. The UK’s hospitality sector has been harder hit than most by the Covid-19 pandemic and its consequent restrictions.

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Michael Reid, managing partner at Aberdeen chartered accountancy firm Meston Reid & Co, highlights the need to communicate with HMRC.  There’s been a great deal of talk in recent months around the various options open to any business looking to deal with creditor pressure now that tra

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Michael Reid, insolvency practitioner and managing partner Aberdeen-based chartered accountants Meston Reid & Co, puts the spotlight on wrongful trading. When the Insolvency Act 1986 became the principal law applicable to corporate insolvency in April 1986, there was much discussion around secti

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Mark Brown, partner at Aberdeen chartered accountancy practice Meston Reid & Co, has warned businesses who have accessed schemes such as furlough and the Self-Employment Income Support Scheme (SEISS) to prepare for additional checks on their practices. HMRC is getting serious about pursuing frau

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William Anderson, audit, accounts and charity partner, Meston Reid & Co, highlights the need for responsible governance, transparency, accountability and a professional approach when it comes to charity finances. Few charities will emerge from the pandemic unscathed. Like all organisations, they

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Michael Reid, managing partner at Meston Reid & Co, gives his take on how changes to insolvency law could come into play for one key industry sector – the fishing industry. Whether it is the continuing impact of COVID-19 or the more recently reported effects of Brexit, media comments proli

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Michael Reid, managing partner Meston Reid & Co, discusses the next steps a personal services company (PSC) can take in relation to the introduction of the IR35 rule. For many years in the North East of Scotland, the personal service company (PSC), otherwise referred to as a one-man company, has

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Stuart MacPherson, senior business services manager at Aberdeen-based chartered accountancy firm Meston Reid & Co, gives advice on VAT changes in the construction industry. A change to VAT collection arrangements is finally heading the way of the UK construction industry.

1-15 of 28 Articles