News

Two restaurateurs from Glasgow have been banned for a total of 17 years after they caused a loss to HMRC of more than £4 million in unpaid taxes. Sukdev Gill, 55, signed a disqualification undertaking for eight years after he did not dispute that over six years, he caused companies he was a di

Scotland’s universities face rising costs and funding cuts and there is a growing gap in how well different institutions can cope, the public spending watchdog has said in a new report. The universities face various challenges, including a seven per cent (£91 million) real terms cut in g

Following a period of sustained economic growth, Scotland’s gross domestic product contracted by 0.3 per cent in the second quarter – the three months after the original EU departure date at the end of March. This contraction follows relatively robust growth (0.6 per cent) in the first q

Johnston Carmichael has appointed a new head of audit and assurance as part of leadership changes designed to support its succession plans.  Graham Marjoribanks, who has more than 15 years of experience in audit and financial services across the UK and in Canada, joins as partner and will be ba

Float, the cash flow solution for Xero, QuickBooks Online and FreeAgent, took home the award for best forecasting, planning and analysis software at the Accounting Excellence Awards. The AE programme, presented by Accounting Web UK, recognises and rewards brilliance in the accounting profession. Its

Researchers have calculated the monetary value of thoughts and prayers. They found that Christian participants were willing to pay for thoughts and prayers from others while non-believers were willing to pay to avoid them.

JPMorgan Chase & Co has announced plans to build a new state-of-the-art technology home in Glasgow, coinciding with the firm’s twentieth anniversary in the city. The building will be located on Argyle Street, with space for up to 2,700 employees. It is scheduled to open its doors in 2

Profit before tax at IP attorneys Murgitroyd rose by 16.4 per cent to £4.16 million while revenue increased by 7.5 per cent to £48m this year, its preliminary financial results to 31 May 2019 show. The proposed final dividend is of 15p per share (2018: 14.5p), resulting in a total d

Sigma Capital Group, residential development and urban regeneration specialist, has posted strong interim results, showing a three per cent increase in profit before tax to £4.3 million and revenues of £5.8m, an increase of 19 per cent. The firm, headquartered in Edinburgh, has focussed

A chartered accountant in Dundee is swapping the world of finance for sustainability as she opens a new shop next week, The Courier reports. Debbie Gallacher has handed in her notice at a large finance firm as she embarks on the new venture, which will trade as Love Your Planet Broughty Ferry and wi

Springfield Properties has reported strong growth following the release of its full-year results. The housebuilder, which delivers both private and affordable housing, has announced its rate of completion of new homes increased by 23.6% to 952, from a previous 770. They have also reported strong rev

Ron Hunter, director of finance and IT at Caledonia Housing Association, is stepping down on 20 September following a distinguished 34-year career in the social housing sector. Born and brought up in Fife, Mr Hunter studied accounting and agriculture in Dundee and Edinburgh. He joined the – th

Orkney-based storage and removals firm, Advantage Storage Limited (ASL), has purchased a 1,758 sq. m. unit in Inverness after securing a six-figure funding package from Royal Bank of Scotland. Owned by McAdie & Reeve Ltd, Orkney's leading removals, storage and distribution specialist, ASL provid

The Law Society of Scotland has announced a strategic partnership with Scotland-based Braemar Finance, a finance provider for the professions in the UK. The new partnership will help Scottish solicitors access a range of business financing options, specifically designed for the legal sector, to help

Proposals to build a 24/7 whisky visitor centre in the middle of a Highland park internationally renowned for its lack of light pollution have come under fire.