Insight

Ahead of the introduction of the Employment (Allocation of Tips) Act 2023, known as the Tipping Act, in Scotland, accountant Matthew Hutton outlines the necessary steps for hospitality businesses to ensure fair distribution of tips to qualifying employees and agency workers in compliance with the ne

Michael Reid, a licensed insolvency practitioner and managing partner of accountancy firm MHA, discusses the implications of liquidation. The ongoing impact of interest rates at a level higher than we have been used to for many years, coupled with sluggish demand due to the cost-of-living crisis, me

The Scottish fintech sector continues to see success after success, its growth goals outlined in the fintech Scotland Research & Innovation Roadmap, however some firms are faced with challenges posed by a recent decline in investment activity, writes fintech specialist Fiona Henderson. With

John Rodger discusses the challenges faced by the housebuilding sector in Scotland, following the closure of Stewart Milne, recent cutbacks by other firms, highlighting the need for innovative funding solutions from both the UK and Scottish governments to prevent a housing crisis. Last month’s

In light of the significant rise in the expected level of income needed for retirement, Armstrong Watson Financial Planning's head of advice, Justin Rourke, highlights the impacting factors and discusses what one should consider to achieve their retirement objectives. The expected level of inco

Marcus Di Rollo examines the impacts of the Scottish Government's rent cap on investors, developers, and tenants, and explores the upcoming challenges and potential changes in rent control policies. The Scottish Government’s rent cap divides opinion. On one hand, it has arguably protected

Sharon McDougall, a DAS-approved money adviser at Scotland Debt Solutions, part of Begbies Traynor Group, outlines the implications of company administration for employees. Company administration is a statutory process that provides respite from creditor pressure for companies in financial dist

Lawyers Alison Webb and Megan Lafferty provide an update on group litigation in Scotland. We are now seeing a growing and quickly developing trend towards group litigation across the UK and globally. The Post Office scandal is one such example, receiving renewed attention over the past month in the

Paul Hilton explains why, even in a slightly slower market, homeowners shouldn’t hold off on selling their homes. Homeowners who are considering moving on to a new property in 2024 are in a powerful position to influence the market, which shouldn’t be underestimated.

Laura Falls discusses the challenges Scottish businesses face in funding growth ambitions, particularly the underutilisation of private equity (PE), and provides tips for companies considering PE investment to address potential misunderstandings and mistrust. Addleshaw Goddard partners with the Fras

The Financial Conduct Authority (FCA) has announced proposals to ensure that consumer credit scores will now better reflect individuals’ financial situations, writes Venetia Jackson. The proposals set out a range of measures aiming to improve the information collected by credit reference

Consumer credit and payment services expert Andrew Barber discusses the FCA's recent proposals to ensure public access to cash in the UK by requiring banks, building societies, and other businesses to maintain reasonable access to cash services. Banks and building societies will be required to maint

Neil Wilson discusses the performance of Scottish auction markets in 2023, highlighting increases in livestock sales and prices, the challenges and successes of island auctioneers, the introduction of new professionals in the Institute of Auctioneers, and the impact of auction markets on the Sc

Shaun Barton, partner at Company Closure, highlights the warning signs of a company insolvency. When it comes to the impending, or actual, insolvency of a limited company, taking swift action is critical. Seeking the services of a business turnaround expert such as a licensed insolvency practitioner

Michael Reid discusses the complexities and challenges of trade credit, focusing on retention of title issues, the role of credit reporting agencies, and the difficulties faced by suppliers in reclaiming goods in the event of a buyer's insolvency or liquidation. It is an accepted feature of the busi