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The Financial Reporting Council (FRC) has launched a consultation on the proposed revision of the standards for an audit firm’s responsibilities to design, implement and operate a system of quality management. The FRC proposes to adopt International Standard on Quality Management (UK) 1 Qualit

Happy Holidays from the team at Scottish Financial News!

As 2020 comes to an end, Scottish Financial News runs through the top twelve most-read stories in our 'And Finally...' feature: 

Furlough and other Government support measures appear to have stemmed a feared significant rise in corporate insolvencies in Scotland, according to the latest data from KPMG. In November, there were 35 administrations or liquidations in Scotland - 23 fewer than the same period last year. Meanwhile,

Scottish firms who have been forced to innovate and develop new ways of working through lockdown could be missing out on millions of pounds in tax rebates, according to Glasgow-based MCC Accountants. Businesses of all sizes have been urged to investigate whether or not they qualify for hefty bonuses

National Express, the UK public transport company, has agreed a deal to sell its Dundee operation, Xplore Dundee, to Greenock-based McGill’s Buses. The deal is subject to completion by the end of the year.

Pawprint, the Edinburgh-based eco tech business fighting against climate change, has smashed its £400,000 target seeing over £1 million already invested ahead of its crowdfund ending tonight. Hosted by Crowdcube the raise has attracted investment from over 720 investors including the ult

Sharon McDougall, part of Begbies Traynor's Scotland Debt Solutions Team, discusses the outlook for businesses after the end of the furlough scheme. The Coronavirus Job Retention Scheme (CJRS) continues to provide a lifeline to millions of workers across the country during the coronavirus pandemic b

Lawyers at Lindsays are warning kind-hearted parents are that their festive generosity could prove costly for their children - leaving them with hefty tax bills. Presents of cash, a car or money for a holiday come with potential pitfalls that many people simply do not realise, according to the firm.

Ian McMonagle, tax specialist at Russell & Russell Business Advisers based in Glasgow, discusses why UK citizens living in Europe must act now to sort their tax affairs following changes in EU residency regulations. In an interconnected age, with ease and convenience of travel, many UK citizens

Nearly a third of Scottish employees (29%) report that they have a greater appreciation for their colleagues than they did before COVID-19, according to a new study from Royal Bank of Scotland.

Vector Capital plc, a commercial lending group that offers loans to businesses in the UK, has announced its intention to seek admission to the AIM market of the London Stock Exchange. The company has also announced a conditional placing of 8,052,895 new Ordinary Shares, at a price of 38 pence per sh

UK car production declined by a further 1.4% in November to 106,243 units, according to the latest figures issued today by the Society of Motor Manufacturers and Traders (SMMT).

The UK's budget deficit rose to £31.6 billion in November, the third-largest monthly budget deficit on record and the highest since May, according to the latest figures from the Office for National Statistics (ONS).

Legal aid solicitors will benefit from a 10% uplift in legal aid fees and have access to a £9 million fund to help those experiencing hardship as a result of COVID-19. Following meetings with the Law Society of Scotland, the Justice Secretary Humza Yousaf confirmed a package of further support