Administrators from Azets have finalised the sale of Bankhouse Care Home in Lesmahagow, Lanarkshire, to a Glasgow-based operator Bellerose Care Limited, for an undisclosed sum. The deal secures the ongoing care for 40 residents and preserves all 58 staff jobs, with employees transferring to the new
Azets
Scottish businesses are losing millions due to mismanagement of international VAT and Customs Duty rules, a tax expert has warned. Veronica Donnelly, head of VAT in Scotland with Azets says that whilst many businesses have knowledge of their obligations, the vast majority do not fully understand the
Family-owned pharmacy chain M&D Green Group has acquired nine Scotland-located community pharmacies from Northern Ireland-based N.R. Gordon Ltd. Azets and Blackadders LLP advised M&D Green on the multi-million pound deal, which sees its network increase to 42 pharmacies across Scotland and n
Businesses concerned about the new 15% employers’ national insurance contributions (NIC) rate have less than 50 days in which to reduce the impact of the higher rate by embracing non-salary alternatives that reduce costs whilst continuing to provide employees with attractive remuneration packa
Almost six months after acquiring Glasgow accountancy and wealth management firm Milne Craig, Azets has unveiled ambitious plans to achieve double-digit growth across its Scottish operations in the coming year. Nearly 100 former Milne Craig staff will move into Azets’ Braehead office, increasi
The Labour Government’s first Budget in 14 years brought significant changes for family-owned business, writes Norma Stewart. From April 2026, the planned cap to Business Property Relief (BPR) and Agricultural Property Relief (APR) for Inheritance Tax (IHT) potentially upends decades of carefu
Business owners and shareholders planning to gift shares to their children because of impending inheritance tax (IHT) changes have been urged by accountancy firm Azets to press the pause button and avoid rash decisions they may regret. Changes to the IHT relief available for assets qualifying for Bu
A Scottish business tax adviser has warned that hundreds of thousands of Scottish businesses are unprepared for new real-time payroll reporting rules set to take effect in April 2026. The changes, which will require businesses to report income tax and Class 1A National Insurance Contributions (NICs)
Nicola Campbell, partner with Azets, calls for tax stability and simplicity in this week’s Scottish Budget. Shona Robison, the Finance Secretary, will next week tackle the annual Hobson’s Choice of the Scottish Budget – pressure to raise more money to fund public services or risk d
Azets Aberdeen has advised business owners and farmers on how to navigate "unfair" inheritance tax (IHT) changes announced in the Autumn Budget. From April 2026, proposed restrictions to both Business Property Relief (BPR) and Agricultural Property Relief (APR) will come into effect, while from 2027
Scottish businesses are faced with a significant increase in employment costs, with estimates suggesting an additional £3 billion burden, due to the UK government's rise in employer national insurance contributions (NIC) to 15%. Across the UK, business leaders have forecast that businesses are
Scottish businesses planning to treat their staff to a festive party this Christmas are being cautioned to avoid exceeding the £150 per person tax exemption limit. Mark Pryce, head of corporate tax in Scotland for Azets, has warned that it is easy to fall foul of the legislation regarding exem
Wbg has acquired the Scottish personal insolvency book of accountants and business advisors Azets for an undisclosed sum. Comprising Trust Deeds, Debt Arrangement Schemes and sequestrations for hundreds of individual cases with a significant book value, the deal highlights Wbg’s ability to sca
An Aberdeen tax expert has warned that potential drastic changes to Inheritance Tax (IHT) and Capital Gains Tax (CGT) as part of Labour’s Autumn Budget could stifle wealth creation and cost the Treasury more than it hopes to generate. The upcoming Budget on 30 October, the first of the new Lab
The number of Scottish SMEs claiming R&D tax credits has dropped by 16% in 2022/2023 compared to the previous period, despite a 10% rise in the value of claims, reflecting that, whilst there are fewer claims, the size of each claim has increased. Gemma Monaghan, head of R&D tax with Azets, s