Accountancy

Scottish SMEs have been hit with an estimated £42 million of unnecessary compliance costs – an average of £7m per year - due to the audit exemption threshold failing to rise in line with inflation since it was introduced in 2016, according to Donald Boyd, an SME growth expert from

The reduction of the limit for sequestration proceedings at the end of this week could lead to a wave of smaller businesses in Scotland being made bankrupt, according to full-service legal firm Gilson Gray. On September 30th, the limit for pursuing sequestration will be lowered from £10,000 to

Gilson Gray Financial Management (GGFM) has acquired North Berwick-based Wallace Financial Planning in a seven-figure deal. The acquisition is the first step in the growth strategy of the financial services arm of legal firm Gilson Gray. The deal and increases GGFM's assets under management (AU

Wylie & Bisset, Accountants and Business Advisers, has launched an in-house Training Academy for all entry-level employees with the aim of equipping them with the comprehensive range of knowledge and skills to further develop their careers. Developed and headed by Helen Moreland, HR director and

Opulus Financial has acquired Glasgow-based accountancy firm, Nicolson Accountancy, representing the largest acquisition since launching as a CFO solutions business at the end of last year.

Chartered accountancy firm Meston Reid & Co is continuing to support the career development of young people by taking on three graduate trainees, a graduate apprentice and a placement student. Its three new trainees – James Chalmers, Ethan Booth and Jessica Stephen – have all recentl

Accountancy and business advisory firm BDO is welcoming 26 new trainees across its offices in Glasgow and Edinburgh, with 600 joining nationwide. Ten of the new trainees will join BDO’s new Edinburgh office and 16 will join the firm’s office in Glasgow. A total of 20 of the trainees will

Aberdeen FC legend Willie Miller will be helping two Granite City charities to net a cash boost at a special fundraising dinner next month held by chartered accountancy practice Meston Reid & Co. The former Dons captain – now a sought-after football pundit – will be guest speake

Total UK fintech investment dropped to $9.6 billion in the first half of 2022, down almost threefold (65%) from $27.8 billion in the same period in 2021, according to KPMG’s Pulse of Fintech report.

Simon Cowie, the managing partner of Aberdeen accountancy firm Infinity Partnership has completed a remarkable UK awards double. Mr Cowie, who established Infinity Partnership in 2009, has been named 2022 Practice Pioneer of the Year at the Accounting Excellence Awards. He previously won the individ

EY's partners will vote on the firm's break-up after leaders approved the split at a meeting this week.

A new survey of accounting professionals has shown that the accountancy industry will undergo a major digital transformation. The survey by Moss, a fintech specialising in finance management of SMEs, showed that more than half of respondents (57%) predict that accountancy will become completely clou

Azets, the accountancy firm that specialises in the SME market, has announced plans to boost staff numbers by 50% in Stirling after investing in new offices in the city. The new open plan offices are based in Kings Park House, Laurelhill Business Park and will feature the latest IT and communication

As inflation reaches 10.1% in the UK, mid-sized business leaders in Scotland are bracing for the impact of further financial strain, with more than 1 in 4 respondents to Grant Thornton UK LLP’s August Business Outlook Tracker saying they would not have sufficient working capital to manage infl

Donald Trump and his accounting firm Mazars USA, have been forced to hand over key financial records to lawmakers as part of a three years investigation into his disclosures and conflicts of interest. Carolyn Maloney, chair of the House Oversight Committee, said: “After numerous court victorie