News

Scottish Borders Council is "living beyond its means" and must find ways to "rein in spend" after facing a forecasted £5.6 million budget gap for the rest of the financial year. Suzy Douglas, the council's head of finance, informed the Executive Committee of the "significant budget pressures".

The Scottish charity audit threshold will rise to £1 million of gross income per year for reporting periods beginning on or after 1 January 2026, up from the current threshold of £500,000. The Amendment Regulations making this change were laid before the Scottish Parliament on Monday 10

Scotland’s salmon industry now contributes £1 billion annually to Scotland's economy, a new independent study has revealed.

Whisky producer Ardgowan Distillery Company Ltd has announced the internal promotion of Paula Gaffney to the role of finance director. Ms Gaffney, a Port Glasgow native, steps into the role following her successful tenure as company accountant at the firm.

A trio of thieves disguised as construction workers stole a safe containing more than $3.2 million (c. £2.44m) worth of jewellery from a New York home last month, police said. The suspects, dressed in neon vests and hard hats, broke into the Jamaica Hills residence through a back door around 2

After nearly three decades in the world of corporate finance, banker Mark Hull has made a radical career change, trading his desk for the outdoors to launch the new Greensleeves Lawn Care franchise in South Glasgow. Originally from Belfast, Mr Hull initially trained as a chartered accountant and wen

A growing number of employers across the capital are committing to paying the real Living Wage, which now sits at £13.45. New numbers released to mark Living Wage Week have revealed that there are now 790 accredited employers, collectively employing over 221,000 workers across Edinburgh.

The Ship Inn, a traditional hostelry with eleven letting bedrooms which sits on Stonehaven harbourside, has been sold for an undisclosed sum by its long-term proprietor, Simon Cruickshank who is now set to enjoy a well-earned retirement. And remarkably, its new owner, is another Simon Cruickshank, n

The income threshold requiring a full audit for Scottish charities is set to double from £500,000 to £1 million, significantly reducing the administrative and financial burden on the sector. Secondary legislation has been laid in the Scottish Parliament which, if approved by MSPs, will t

St Andrews Executive Travel – the only coach operator based in the home of golf – is accelerating growth following significant investment from Bank of Scotland.

Scotland’s labour market is facing “growing pressures” amid a complex economic backdrop, according to the latest figures. While data shows a challenging picture for employment, cooling wage growth across the UK has fuelled speculation of a pre-Christmas interest rate cut from the B

The intellectual property (IP) and assets of M Squared Lasers, the collapsed Glasgow technology firm, have been sold to Novacene Photonics Limited, a new company established by M Squared's former senior leadership. Alistair McAlinden and Geoff Jacobs from Interpath were appointed joint administrator

The Association of British Insurers (ABI) has called for cyber insurance to become a part of every organisation’s modern risk management strategy, as its latest figures show £197 million was paid out to help businesses recover from cyber incidents in 2024. Data from firms participating i

Building, infrastructure, engineering and fit-out business Tilbury Douglas has appointed Martin Harrison as its chief financial officer (CFO). With more than 20 years in construction and infrastructure, Mr Harrison has held senior roles at Tarmac Contracting, Vistry and Fulcrum Utility Services

The CFO of a UK hotel business has been elected president of ACCA (the Association of Chartered Certified Accountants). Melanie Proffitt, CFO of Farncombe Estate, three award-winning hotels on a 400-acre estate near Broadway in the Cotswolds, will lead over 257,000 members and 530,000 future members