Azets

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

The Aberdeen office of Azets has appointed four senior hires with Graeme Cran, David Urquhart, Fraser Murray all joining the 15 strong tax team as, respectively, associate director and senior managers, whilst Greg Houston joins the accounts & business advisory services (ABAS) team as a director.

Construction Industry Scheme (CIS) contractors are becoming a target for the tax authorities with HMRC issuing letters to CIS contractors if records indicate that the correct deductions may not have been applied, a Scottish tax expert has warned. The letter prompts the contractor to verify the CIS t

Hospitality businesses should prepare for imminent changes to the law on tips and gratutities or face the risk of employment tribunals and penalties, a tax specialist has warned. The new Employment (Allocation of Tips) Act 2023, which takes effect on 1 October 2024, will make it unlawful for employe

Azets has bolstered its UK workforce with the addition of 333 graduates and school leavers, 60 of whom are based in Scotland. The firm now has 817 staff now studying towards a professional qualification. Investment in the next generation of talented business advisors is a key development strategy fo

Accountancy and advisory firm Azets, which has its largest UK office in Braehead, has agreed to acquire Paisley-based chartered accountancy and wealth manager Milne Craig for an undisclosed sum. The historic Renfrewshire firm was founded over a 100 years ago and has established an excellent reputati

Company directors are being urged to avoid engaging rogue unlicensed insolvency advisors or risk severe financial penalties, being struck off as a director or at worst, a prison sentence, an accountancy firm has warned. "It is very concerning that some directors are engaging the services of unlicens

Joining from a Big Four firm, Azets has appointed George Roberts as corporate tax partner to its Glasgow office. Mr Roberts was last head of the local transactions tax team at EY. He has extensive experience of developing tax strategies on a wide variety of transactions both in the UK and inter

Glasgow-based SMEs have been urged to ensure compliance with the national minimum wage (NMW) amid a local crackdown by HMRC. Scotland's largest city is one of the locations being specifically targeted by the tax authority, and businesses found guilty of non-compliance will be ordered to pay NMW arre

Azets has unveiled 32 promotions across Scotland, including Alan Glen as VAT partner in Edinburgh. Mr Glen has extensive experience advising a wide range of businesses and public sector organisations on VAT issues, from start-ups and spin outs through to owner managed businesses, international

Medium-sized businesses are more optimistic than smaller firms with economic and geopolitical uncertainty, recruitment problems, investment in cybersecurity and talent acquisition the key concerns according to the latest Azets Barometer Survey. The survey, which researched UK businesses during April

A government scheme designed to boost SME exports is being underutilised due to low awareness and poor marketing, according to a business finance specialist at Azets. The General Export Facility (GEF), a relatively unknown but valuable government scheme that is designed to boost Britain’s SME

The Oban Phoenix Cinema, a community-owned cinema with a history dating back to the 1950s, has entered provisional liquidation and is urgently seeking a new buyer