Finance
Directors warned to avoid rogue unlicenced insolvency advisors
Published 7 months ago
Company directors are being urged to avoid engaging rogue unlicensed insolvency advisors or risk severe financial penalties, being struck off as a director or at worst, a prison sentence, an accountancy firm has warned.
Read on www.scottishfinancialnews.com →
BrewDog’s late accounts expose flaw in filing system
Published 7 months ago
BrewDog’s recent failure to submit its 2023 accounts to Companies House on time has highlighted the need for stricter penalties for late filing, according to tax expert Dan Neidle.
Read on www.scottishfinancialnews.com →
Failing Serious Fraud Office ‘should be replaced’
Published 7 months ago
The Serious Fraud Office (SFO) should be replaced with a new body to tackle economic crime, focusing more on prevention, according the Institute of Economic Affairs.
Read on www.scottishlegal.com →
Quantuma administrators complete sale of Scots wellbeing streaming service Ashia
Published 7 months ago
Joint administrators Craig Morrison and Brian Milne, managing directors of business advisory firm Quantuma, have facilitated the sale of a streaming service developed by Glasgow-based Frog Systems, for an undisclosed sum.
Read on www.scottishfinancialnews.com →
Acquisitions partially offset revenue drop for Macfarlane Group in interim results
Published 7 months ago
Macfarlane Group has posted an 8% year-on-year reduction in its pretax profits from £10 million to £9.7m for the first half of 2024.
Read on www.scottishfinancialnews.com →
Wbg urges shareholders to secure tax-efficient liquidation before potential CGT rise
Published 7 months ago
Accountancy firm Wbg has advised shareholders planning on using business asset disposal relief (BADR) through a members voluntary liquidation (MVL) process to consider acting sooner rather than later as the likelihood of a bump in capital gains tax (CGT) rises.
Read on www.scottishfinancialnews.com →
Edinburgh fintech Zumo signs Abu Dhabi sustainability declaration
Published 7 months ago
Edinburgh-headquartered Zumo, a B2B digital assets infrastructure provider, has signed the Abu Dhabi Sustainable Finance Declaration, furthering its commitment to environmental sustainability within the financial services sector as it expands its presence in the region.
Read on www.scottishfinancialnews.com →
Scottish National Investment Bank’s income exceeds operating costs despite £14.6m pre-tax loss
Published 7 months ago
The Scottish National Investment Bank has posted a £14.6 million pre-tax loss while committing £224.6m to 20 companies in its third year.
Read on www.scottishfinancialnews.com →
Number of people paying dividend tax doubles in three years
Published 7 months ago
The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has revealed.
Read on www.scottishfinancialnews.com →
Thomson Cooper Accountants reaches 100th employee milestone in 75th year
Published 7 months ago
As it welcomes its 2024 trainee intake, the Thomson Cooper team has crossed the 100-employee milestone, an achievement coinciding with the firm’s 75th year in business.
Read on www.scottishfinancialnews.com →
Private equity firms eye potential Grant Thornton UK takeover bid
Published 7 months ago
Private equity firms are considering making a bid to acquire Grant Thornton UK, the sixth-largest accounting firm in the UK, with potential bids valuing the firm at around £1.5 billion.
Read on www.scottishfinancialnews.com →
Orkney’s economy supported by £1.8m HIE investment
Published 7 months ago
Highlands and Islands Enterprise (HIE) investment in the last fiscal year has bolstered Orkney’s economy, with supported businesses and communities projected to create 80 new jobs.
Read on www.scottishfinancialnews.com →
Aberdein Considine receives royal award for mortgage training programme
Published 7 months ago
Aberdein Considine has been recognised with a Princess Royal Training Award for its mortgages induction programme.
Read on www.scottishfinancialnews.com →
Former Edinburgh property firm office manager ordered to repay £211,000 of embezzled funds
Published 8 months ago
The jailed former office manager of an Edinburgh property firm who embarked on a luxury lifestyle after embezzling company funds has been ordered to pay back more than £211,000.
Read on www.scottishfinancialnews.com →
Global demand puts Scottish salmon exports on track for record year
Published 8 months ago
The country’s largest food export, Scottish salmon, has generated £431 million between January and June, according to new figures.
Read on www.scottishfinancialnews.com →
Directors warned to avoid rogue unlicenced insolvency advisors
Published 7 months ago
Company directors are being urged to avoid engaging rogue unlicensed insolvency advisors or risk severe financial penalties, being struck off as a director or at worst, a prison sentence, an accountancy firm has warned.
Read on www.scottishfinancialnews.com →
BrewDog’s late accounts expose flaw in filing system
Published 7 months ago
BrewDog’s recent failure to submit its 2023 accounts to Companies House on time has highlighted the need for stricter penalties for late filing, according to tax expert Dan Neidle.
Read on www.scottishfinancialnews.com →
Failing Serious Fraud Office ‘should be replaced’
Published 7 months ago
The Serious Fraud Office (SFO) should be replaced with a new body to tackle economic crime, focusing more on prevention, according the Institute of Economic Affairs.
Read on www.scottishlegal.com →
Quantuma administrators complete sale of Scots wellbeing streaming service Ashia
Published 7 months ago
Joint administrators Craig Morrison and Brian Milne, managing directors of business advisory firm Quantuma, have facilitated the sale of a streaming service developed by Glasgow-based Frog Systems, for an undisclosed sum.
Read on www.scottishfinancialnews.com →
Acquisitions partially offset revenue drop for Macfarlane Group in interim results
Published 7 months ago
Macfarlane Group has posted an 8% year-on-year reduction in its pretax profits from £10 million to £9.7m for the first half of 2024.
Read on www.scottishfinancialnews.com →
Wbg urges shareholders to secure tax-efficient liquidation before potential CGT rise
Published 7 months ago
Accountancy firm Wbg has advised shareholders planning on using business asset disposal relief (BADR) through a members voluntary liquidation (MVL) process to consider acting sooner rather than later as the likelihood of a bump in capital gains tax (CGT) rises.
Read on www.scottishfinancialnews.com →
Edinburgh fintech Zumo signs Abu Dhabi sustainability declaration
Published 7 months ago
Edinburgh-headquartered Zumo, a B2B digital assets infrastructure provider, has signed the Abu Dhabi Sustainable Finance Declaration, furthering its commitment to environmental sustainability within the financial services sector as it expands its presence in the region.
Read on www.scottishfinancialnews.com →
Scottish National Investment Bank’s income exceeds operating costs despite £14.6m pre-tax loss
Published 7 months ago
The Scottish National Investment Bank has posted a £14.6 million pre-tax loss while committing £224.6m to 20 companies in its third year.
Read on www.scottishfinancialnews.com →
Number of people paying dividend tax doubles in three years
Published 7 months ago
The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has revealed.
Read on www.scottishfinancialnews.com →
Thomson Cooper Accountants reaches 100th employee milestone in 75th year
Published 7 months ago
As it welcomes its 2024 trainee intake, the Thomson Cooper team has crossed the 100-employee milestone, an achievement coinciding with the firm’s 75th year in business.
Read on www.scottishfinancialnews.com →
Private equity firms eye potential Grant Thornton UK takeover bid
Published 7 months ago
Private equity firms are considering making a bid to acquire Grant Thornton UK, the sixth-largest accounting firm in the UK, with potential bids valuing the firm at around £1.5 billion.
Read on www.scottishfinancialnews.com →
Orkney’s economy supported by £1.8m HIE investment
Published 7 months ago
Highlands and Islands Enterprise (HIE) investment in the last fiscal year has bolstered Orkney’s economy, with supported businesses and communities projected to create 80 new jobs.
Read on www.scottishfinancialnews.com →
Aberdein Considine receives royal award for mortgage training programme
Published 7 months ago
Aberdein Considine has been recognised with a Princess Royal Training Award for its mortgages induction programme.
Read on www.scottishfinancialnews.com →
Former Edinburgh property firm office manager ordered to repay £211,000 of embezzled funds
Published 8 months ago
The jailed former office manager of an Edinburgh property firm who embarked on a luxury lifestyle after embezzling company funds has been ordered to pay back more than £211,000.
Read on www.scottishfinancialnews.com →
Global demand puts Scottish salmon exports on track for record year
Published 8 months ago
The country’s largest food export, Scottish salmon, has generated £431 million between January and June, according to new figures.
Read on www.scottishfinancialnews.com →