Accountancy

April witnessed a significant surge in insolvency-related activities in Scotland, the highest this year, new research by R3, the insolvency and restructuring trade body, has revealed. R3’s analysis of data provided by Creditsafe shows there were 122 cases of insolvency-related activity, which

New research by Scottish institutions ACCA (Association of Chartered Certified Accountants) and the University of Glasgow’s Adam Smith Business School highlights a shortfall in the disclosure of research and development (R&D) spending by over half (53%) of surveyed organisations. Despite f

The Financial Reporting Council (FRC) has announced the Audit Committees and the External Audit: Minimum Standard, which comes after careful consideration of the consultation responses received from stakeholders.The consultation on the draft proposal for the Minimum Standard was launched by the FRC

PwC’s Good Growth for Cities Index shows three major Scottish cities improving their performance in the rankings of UK cities against last year’s Index. Scottish cities included in the latest analysis are also performing above the UK average when it comes to the ratio of house prices to

During Mental Health Awareness Week (15-21 May) new data has shown that almost two thirds (61%) of mid-market business leaders say the uncertain economic climate is negatively affecting their stress levels and mental wellbeing. Grant Thornton UK’s bi-monthly Business Outlook Tracker research,

Johnston Carmichael has strengthened its specialist tax team with the appointment of Amanda Collinson as international tax director. Ms Collinson joins Johnston Carmichael from a listed US group where she was EMEA tax manager. Having started her career at a Big 4 firm, where she worked in both Londo

New research has revealed that artificial intelligence (AI) will be instrumental not only in enhancing the efficacy of accountants as strategic business partners to their clients, but also in sustaining small businesses, according to Intuit QuickBooks. The study found that almost nine in ten (86%) a

In a report launched today by accountancy and business advisory firm BDO LLP, figures show up to £1.3 billion has been deployed into circular economy investments in 12 months. According to the report, disclosed capital deployed has increased by 10% from £788 million in 2021 to £879

Glasgow-based Consilium Chartered Accountants has provided financial due diligence for ThinCats on Edinburgh-based property surveying consultancy Dot Surveying's transition to an employee ownership trust (EOT). The sale was facilitated by investment from ThinCats, a specialist provider of bespoke fu

Scottish accountancy firm Condies has opened a new office in Dundee's City Quay to accommodate increased demand and expand its regional services.

The majority of UK finance professionals have reported that hybrid working is increasing their productivity, while Scotland leads the world on hybrid working, according to ACCA's UK Talent Trends in Finance 2023 report. 

Accountancy body the Association for Chartered Certified Accountants (ACCA) has called for improved reporting on poor payment practices and an extension of the power of the Small Business Commissioner (SBC), as part of action to tackle the crippling effect of late payment on small businesses. In its

The Financial Reporting Council (FRC) has commenced an investigation in relation to the audit conducted by Deloitte of the consolidated financial statements of Joules Group plc. The investigation concerns the audit conducted byt he Big Four firm for the year ended 30 May 2021.

Wylie & Bisset, accountants and business advisers, has announced a trio of promotions that sees tax director Shehzad Ashaq promoted to associate partner together with the promotions of Matthew McDermott to senior manager and Laura Caulfield to manager within the burgeoning Business Advisory Serv

Recent statistics have revealed that out of over 460 businesses across Scotland that hold, or are within the process of applying for a patent, only 70 have utilised the relief, according to business advisory firm Haines Watts. The firm has launched a new specialist arm of their tax incentives and re