Azets

A substantial number of Scottish businesses could potentially miss out on vital research and development (R&D) tax relief by failing to meet new requirements to pre-register their intention to make a claim, a tax expert has claimed. According to Gemma Monaghan, Azets partner and national head of

Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company's director. The appointment was made on 11 March 2024 after the refrigerated haulage firm based in Annan, Dumfriesshire, cea

Glasgow-based architectural firm Keppie Design has transitioned its entire shareholding to an employee ownership trust (EOT), making it the latest Scottish company to adopt this ownership structure. More than 100 staff are set to become part-owners of the business. Founded in 1854 by John Honeyman,

Businesses have judged the UK tax regime negatively for its impact on four key economic issues – business growth, innovation, sustainability, recruitment and retention – according to the latest Azets Barometer. The UK scored an average of below 5 (on an optimism scale ranging from zero t

Scottish businesses and their employees are paying millions in extra tax for fossil fuel powered company vehicles when a switch to Electric Vehicles could save ‘breathtaking’ amounts, according to a Scottish company tax expert who will showcase the benefits at seminars being held next we

A new survey by accountancy firm Azets has revealed that despite 58% of businesses considering succession planning, the high levels of awareness about succession are not being matched with formal planning. The latest Azets Barometer survey – which measures the opinions of business leaders acro

Soaring corporation taxes of up to 25%, shrinking allowances and new advance payment rules are projected to affect more than 40% of Scots’ businesses with year ends between December 2023 and March 2024, seriously affecting cash flow and investment, a business tax expert has warned. Mark Pryce,

Scottish businesses stand at risk of losing up to £100 million this year, a consequence of non-compliance with newly instated requirements for research and development (R&D) tax relief claims, an R&D tax relief expert has warned. “The unclaimed £100m should be invested

Scotland’s care homes sector is facing an uncertain future due to mounting financial and operational pressures, including shortfalls in local authority funding, with further closures and a contraction in capacity likely, an insolvency expert is warning. Around 1,050 care homes in Scotland with

Up to 50% of business exits occur due to an unexpected approach from potential buyers, however many business owners fail to maximise shareholder value as they are ill prepared for the 'tap on a shoulder' approach, according to research by Azets. An unsolicited approach is when a buyer such as a larg

Azets Wealth Management has appointed Will Bleasdale as a director in its Edinburgh office. Mr Bleasdale has more than a decade of experience providing strategic wealth management advice and financial planning for a wide range of businesses and personal clients. He is both a chartered financial plan

Private businesses in Scotland have accumulated and now hold an average daily balance of £50 billion in their bank accounts, according to recent data from Azets. While this vast sum primarily reflects the normal ebb and flow of cash into and out of bank accounts, the magnitude indicates that m

The recent introduction of Glasgow's low emission zone (LEZ) has had unexpected financial repercussions for both businesses and their employees, following a staggering 6,000 penalty charge notices in July, according to accountancy firm Azets. The rise in penalty charge notices linked to the new

Accountancy and business advisory firm Azets has raised £12,258.50 for The Archie Foundation following a range of fundraising efforts. Azets staff arranged a corporate golf day, a quiz night and a bake sale to support the organisation - which is the firm's chosen charity of the year.

Chris Tate, a restructuring and recovery expert at Azets, has said that new financial pressures are continuing to drive business failures across the UK, with the hospitality sector most vulnerable to stubbornly high inflation – causing a "perfect storm to brew". The warning comes as new monthl