News

RSM has called on Chancellor Rishi Sunak to urgently consider a 12-month delay to the introduction of HMRC’s preferential creditor status as it will both limit funding and restructuring options for Scottish businesses.  The audit, tax and consultancy firm believes that the change, due to

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a talk entitled ‘UK/US tax and succession issues for private clients’ on 1 December 2020 from 1pm to 2pm. The speakers will be Mark McKeown of Turcan Connell and Sarjul Patel of U.S. Tax &

Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300 million incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report. According to the newly published HMRC Annual Report and Accoun

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a talk entitled ‘Tax Issues on Importing and Exporting - post 1 January 2021’ on 27 November 2020 from 1pm to 2pm. The event was originally scheduled for 5 November. The speaker, Matthew

Business leaders in the UK have warned Chancellor Rishi Sunak that he risks demoralising entrepreneurs if he acts upon proposals to reform capital gains tax.

Family-owned Hamiton-based renewables firm The Banks Group is gearing up for growth with the appointment of six new members of staff. Clara Thompson joined Banks from housing firm, CALA Homes, as a land manager tasked with identifying new potential sites. Frazer Harrison, has moved over as an experi

The Federation of Small Businesses (FSB) Scotland is calling for more commercial landlords to offer rent discounts, deferments and holidays to their small business tenants to help shoulder the burden of the COVID-19 pandemic. The plea comes as one in seven Scottish businesses fear they won’t b

The Gleneagles Hotel has announced that it will close with immediate effect and not reopen until February. The hotel, which is one of the most luxurious in Scotland, has decided to close its doors from today and has been writing to customers who have booked stays over the next seven weeks.

Perthshire-based specialist enterprise support organisation GrowBiz has launched the first rural gift card of its kind which can be used in outlets across Scotland.

The Financial Reporting Council (FRC) has today published its annual end of year letter to CEOs, CFOs and audit committee chairs setting out its reporting expectations for preparers of reports and accounts for the year ahead. This year’s letter is of particular significance given the continuin

Analysis by Bank of Scotland owner Lloyds Banking Group and the Carbon Trust has found that carbon emissions in Scotland are down 10% compared to the same time last year. However, also found that emissions rose 26% in Scotland between the second and third quarter of the year as spending increased on

Techno is music, a top German court has ruled in a move with tax benefits for the country's legendary clubbing scene.

Par Equity has sold its stake in Edinburgh-based portfolio company Symphonic Software in an all-cash transaction for a headline price of $31 million US dollars. Par Equity achieved a blended 8.3x return across two rounds of investment for its EIS Fund, over a period of 6.8 years. Par Equity's e

Aberdeen-based IT provider ITWORX has announced its transition to employee ownership, with 17 staff given a stake in the business. Established in 2010 by Philip Mowatt and Jill Ross, ITWORX provides tailored IT and communications services and solutions to a range of clients. The firm is headquartere

South of Scotland Enterprise (SOSE) has invested £690,000 in Hilltop Leaf Limited, a private medicinal cannabis cultivation and extraction business which aims to provide an alternative plant-based clinical treatment to synthetic pharmaceuticals.