News

Accountants and financial advisers French Duncan are urging Scots to get their tax returns in early to avoid penalties. An estimated 60,000 Scots missed last year’s deadline and faced an immediate fixed penalty of £100 even if there is no tax to pay.

The government-owned British Business Bank has appointed Ian Mitchelmore as its UK Network senior manager for Scotland. The UK Network will see team members in each of the English regions and devolved nations work on identifying and helping to reduce imbalances in access to finance for smaller UK bu

A private investment firm has acquired the technical facilities management division of Aberdeen-based mechanical and electrical installation firm Richard Irvin, which went into administration last month.

The head of forensic accountancy at Police Scotland has called on the service to hire more accountants. In an interview with The Herald, Kenneth Murray warned that organised crime groups, at home and abroad, are purchasing legitimate Scottish businesses to use as "safe houses" for dirty money.

Scottish law firm Blackadders saw profits rise last year to £3.26m in the year to March 31 – up from £3m in 2017. Results at Companies House show that the firm recorded revenues of £11.89m, a slight decrease on the previous year.

Major Scottish dairy firm Graham’s, which claims its milk and other products are sold to half the Scottish population, has been forced to write off more than £800,000 because of a failed property investment. Sales for Graham's The Family Dairy Group in the year to last March rose fr

Triple Point Social Housing REIT has secured a new £70 million revolving credit facility (RCF) with Lloyds Bank. The floating rate RCF has an initial term of four years expiring on 20 December 2022 which may be extended by a further two years.

The parent company of Dundee-based YoYo Games has struck a deal to pay £25 million to Israel after a tax audit, insider.co.uk reports. Playtech announced that it had reached an agreement with Israeli tax authorities after a civil tax audit covering the period from 2008 to 2017.

Former Virgin Money chief executive Dame Jayne-Anne Gadhia has been appointed as an external member of the Bank of England’s Financial Policy Committee (FPC), along with Dame Colette Bowe, current chairman of the Banking Standards Board. Dame Colette and Dame Jayne-Anne will replace Richa

A Scottish fintech start-up has announced plans to roll out its flagship banking app within months after securing funding from Scottish EDGE. Nexves, which has also been supported by accelerator programmes run by Royal Bank of Scotland and Elevator, is "a platform that enables a swarm of individuals

A finance graduate from University of Strathclyde has been appointed as as a finance secretary in Guyana's Ministry of Finance. Michael B. Joseph, who holds a Master's degree in finance from the Scottish university, was appointed late last year, Stabroek News reports.

Scottish snow sports have boosted the economy by almost £31 million, according to latest estimates, as negative projections made in 2011 on likely Scottish skiing and snowboard trends have failed to materialise.

Prison guards allowed a prisoner who helped them with their taxes to eat Chinese take-away and sit in a guard station after hours.

Insurance, risk management and employee benefits specialist, Jelf, has launched a new Glasgow branch in one of the city’s most prestigious and recognisable city centre buildings. The Glasgow office, located in the G1 building on the city’s George Square, is Jelf’s biggest trad

Blair Nimmo and Geoff Jacobs of KPMG, who were appointed at the start of December as joint administrators of Invergordon-based low-energy housebuilder CLDB Limited, trading as Carbon Dynamic, have announced the sale of the business and assets to Carbon Dynamic (Scotland) Limited, a ne