Inflationary pressure poses a huge risk to Scottish businesses in the coming months, with a significant number unprepared for the highest level of inflation in 30 years, according to accountancy and business advisory firm, BDO LLP. According to the firm, 73% of businesses have only accounted for a 3
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BDO LLP has been confirmed as the latest occupier at BAM TCP Atlantic Square Limited’s 2 Atlantic Square, located on York Street in Glasgow’s International Financial Services District.
Accountancy and business advisory firm BDO LLP has signed a long-term lease at Glasgow’s 2 Atlantic Square. At the heart of the city’s business district, the Grade A, BREEAM “Excellent” building will provide the ideal base for BDO’s team of 130 with room for growth as i
Andrew McNamara, head of business services & outsourcing for Scotland at BDO LLP, discusses the impact of short-termism on Scottish firms. Scotland has a rich business history. It’s a country ripe with entrepreneurial talent, ambition and drive, and every day I see first-hand the exciting
Scottish accountancy firms and financial regulatory bodies have responded to Chancellor Rishi Sunak's Spring Statement announced yesterday. The Chancellor cut fuel duty by 5p per litre, which came into force from 6pm last night and will last until March next year. He also announced that the income t
Martin Bell, partner and head of tax at BDO in Scotland, outlines what Scottish businesses are looking for in today's Spring Statement. Overall, we are expecting more of an economic update than a tax-focused Statement. Given the current inflationary squeeze on household income, consumer spending and
BDO’s M&A team has advised the shareholders of Glasgow-headquartered tech firm Incremental on its sale to Telefónica Tech. The transaction will see Telefónica Tech strengthen its capabilities and presence in the UK and Ireland, where it operates under the Telefónica Te
Scottish businesses are behind targets for 2022, according to new research from accountancy firm BDO. Companies cited inflation and supply chain pressures as the greatest challenges for the year ahead. However, more than half of mid-sized businesses in Scotland think they will return to pre-COVID-19
Accountancy and business advisory firm BDO LLP has announced three new hires in its Scottish tax practice. David McComb has been named as a tax director in the team and brings more than two decades of experience advising entrepreneurial companies and supporting their growth. His expertise includes a
A new report from BDO has found that 70% of businesses are only planning nine months ahead, despite ambitions to launch new products and services and ongoing investments in research and development both at home and abroad.
The liquidators of the Rangers Oldco have revealed that they are hoping to reduce the size of the tax liability owed to HMRC. BDO is disputing about £51 million of the £64.5m which is still being claimed by HMRC.
Accountancy and business advisory firm BDO LLP has announced the appointment of Chris Meyrick as a partner in Scotland. Mr Meyrick, who joins BDO from PwC, will focus on the financial services sector and audit, bringing over 20 years' experience supporting a wide range of businesses ranging from lar
The 260 partners at accountancy firm BDO have taken home £760,000 each this year. Partners at the firm saw their annual payouts drop to £518,000 in 2020, in the wake of the COVID-19 pandemic.
Despite well-documented staff and supply shortage issues, confidence in the UK logistics sector has risen to 62.5, the highest level since H1 2015, according to the latest Barclays-BDO Logistics Confidence Index. This is in contrast to last year’s index, when confidence fell to its lowest leve
Accountancy firm BDO has been awarded £3.4 million plus interest for failings during the liquidation of RFC 2012, the Old Co Rangers. A court has ruled that the administrators of Rangers FC should have considered selling the club's training ground and searched for new owners of Ibrox Stadium.