Bdo

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.

Accountancy and business advisory firm BDO has welcomed a record number of trainees in 2021, with more than 600 joining across its graduate and apprenticeship programmes since the start of the year – 22 of whom will be based in Scotland. This month, the majority of BDO’s annual cohort of

UK businesses have voiced their support for a change to the end of the UK tax year, bringing it in line with most other countries in an attempt to simplify the accounting process for British firms with subsidiaries abroad. The UK tax year runs from April 6 while in the majority of other jurisdiction

The UK Government’s plans to shake up the accountancy sector are facing a significant setback, as smaller firms consider snubbing reforms that would see them share FTSE 100 work with the Big Four companies. UK ministers have proposed “managed shared audits” of FTSE 350 businesses,

Accountancy firm BDO has told staff to decide for themselves when to come back to the office after the COVID-19 pandemic as part of its new flexible working strategy. The firm, which is the UK’s fifth-largest accountant and employs about 5,500 people across 18 offices, will ask staff to work w