Scotland’s scale-up – or fast-growth - businesses finished 2020 on a buoyant, optimistic note, with almost £100 million in Venture Capital (VC) investment, according to the latest figures from KPMG. Despite COVID related restrictions hitting the economy hard, the latest KPMG Ventur
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Bill Michael, the chairman of KPMG UK, has apologised after receiving public backlash for telling staff to "stop moaning" about working conditions during the coronavirus pandemic. In a virtual meeting with his team, Mr Michael was told about concerns over potential pay, pension and bonus cuts, the F
Scotland’s private equity deal activity struggled in 2020 as uncertainty and public health restrictions dampened investor appetite north of the border, according to the latest data from KPMG. The data reveals there were just 23 mid-market transactions involving private equity investors in Scot
KPMG UK has published its annual results for the financial year ended 30 September 2020 reporting a resilient performance, despite COVID-19 challenges. Despite the pandemic’s impact on seven months of the firm’s financial year, revenue decreased by just 4% from £2.4 billion to
Finance secretary Kate Forbes did not announce any changes to income tax rates and bands in the coming year after she set out the Scottish Government's budget plans yesterday. Ms Forbes said that in light of the current coronavirus pandemic, it is vital that the Scottish Government continues to supp
RSM and KPMG's heads of tax in Scotland have issued predictions for the upcoming Scottish budget with the two anticipating a focus on recovery after COVID-19. Shirley McIntosh, RSM’s head of tax in Scotland, said the budget should be a 'war chest statement' ahead of the May election.
The number of corporate insolvencies in Scotland fell below 2019 levels last year as the array of government COVID-19 support measures continued to provide a lifeline for those businesses who have been adversely affected by the pandemic, according to new figures released by KPMG. Analysis by KPMG&rs
Retail sales in Scotland took a significant turn for the worse in the final month of 2020, falling further into decline with 16.6% on a total basis, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.
Scotland has officially recorded only one high-profile fraud case for the entire period of 2020 as COVID-19 continues profound logistical challenges for the country’s justice system. The latest data from KPMG’s Fraud Barometer report reveals a single case of alleged fraud, valued at more
The Scottish Government has awarded a £2.32 million contract to KPMG on behalf of NHS Scotland.
KPMG has appointed Vishal Chopra as partner and its new head of tax in Scotland. Mr Chopra joins KPMG from Grant Thornton, where he held the equivalent role.
MPs have launched an investigation into the UK's insolvency sector after criticism from businesses about their objectivity standards, according to The Times.
Furlough and other Government support measures appear to have stemmed a feared significant rise in corporate insolvencies in Scotland, according to the latest data from KPMG. In November, there were 35 administrations or liquidations in Scotland - 23 fewer than the same period last year. Meanwhile,
Catherine Burnet, KPMG’s regional chair for Scotland, looks back at the challenges Scotland’s faced in the last year, and what lies ahead. In January 2020, none of us could have anticipated the overwhelming scale of economic and societal challenge that COVID-19 would create – it go
UK ministers have distributed contracts of up to £288 million to consultants at Big Four accountancy firms KPMG and EY to train thousands of civil servants over the next four years. Both firms will design and deliver courses in everything from project management and leadership to training on M