Despite the largest interest rate rise in a generation, middle market businesses are demonstrating remarkable resilience, investing in people and productivity to rebuild profit margins, RSM’s latest Middle Market Business Index (MMBI) has shown. The MMBI has risen to 131.4 in Q1, an incre
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The number of new technology companies incorporated in Scotland increased 22% in 2022, according to analysis of Companies House data by RSM UK. A total of 1,367 new tech businesses were incorporated in Scotland last year, up from 1,124 in 2021.
The recent announcement of two successful bids for Scottish freeports is expected to bring significant economic benefits, particularly in manufacturing and accelerating the country's green transformation, writes Stuart McCallum, partner and head of manufacturing, RSM Scotland. With a degree of
Taxation expert Ross Stupart gives insight into what high earners may expect from the Scottish Government's forthcoming budget — expected on 15 December. As the UK Government reduces the threshold for the 45% income tax rate to £125,140 (from £150,000) there’s a reasonab
Audit, tax and consulting firm RSM UK has announced 40 new promotions to director, including the firm’s Scotland and Northern Ireland offices. RSM UK has strengthened its tax faculty with the promotion of corporate tax specialist Will Simpson in Edinburgh. In Northern Ireland, Kieran Jones has
New draft legislation to change the R&D tax relief regime will create a vacuum of inequalities for businesses seeking relief according to audit, tax and consulting firm RSM UK. The changes will come into effect for accounting periods beginning on or after 1 April 2023. This will create marked in
Accountancy firm RSM UK has said that the UK Government's lack of clarity on employment status will lead to continuing confusion over tax and workers rights. Yesterday, the government published its paper, Employment status and employment rights guidance, which contains guidance on employment status
The government has published legislation confirming that low earners who save through a Net Pay Arrangement (NPA) will get the same level of government top-up as those who use Relief at Source schemes. Under the new legislation, 1.2 million low earners to see a boost to their take-home pay from 2025
RSM has warned of the effects growing supply chain issues are having on middle market businesses. Well over a third (39%) of middle market businesses* have experienced supply chain issues within the past 12 months, and this likely represents the tip of the iceberg as disruption looks set to continue
Audit, tax and consulting firm RSM UK has sponsored a prize which recognises the top student in Financial Accounting Stage 2 on the BA (Hons) Accounting and Finance degree programme at Robert Gordon University. Second-year student Arran Robertson was awarded the prize, after achieving the highest ov
Audit, tax and consulting firm RSM UK has appointed Richard Mackie as its new associate director in Edinburgh to strengthen its risk and governance practice in Scotland. Richard Mackie will be working as part of the risk advisory team as a specialist consultant. Richard first joined RSM in 2013, ret
Middle-market businesses across the UK have hit the brakes on crucial people and business investment as inflationary pressure, recessionary fears, wage pressures and staff shortages all converge to reduce confidence. RSM UK’s latest Middle Market Business Index (MMBI), the first economic index
A third of middle-market businesses (33%) have admitted their board does not understand the cyber threat landscape enough to accurately assess their level of risk, according to a new survey carried out by audit, tax and consulting firm RSM UK. ‘The Real Economy’ report also highlig
Audit, tax and consulting firm RSM UK has moved into a new office in the heart of Edinburgh’s business district to deliver a sustainable, hybrid working environment to support RSM’s future growth. The firm has taken the third floor of 2 Semple Street, relocating around 100 people into fl
The number of new tech companies incorporated in Scotland jumped 37% in 2021, according to new analysis by audit, tax and consulting firm RSM UK. A total of 1,055 tech businesses were incorporated in the region in 2021 according to an analysis of data held by Companies House, up from 772 in 2020.