ScottishNews.com

Finance

DJ Alexander: An anticipated cut to Inheritance tax would be welcome

Published 1 year ago

Recent reports indicating that the UK government is contemplating a reduction, and eventual abolition, of Inheritance Tax (IHT), have been welcomed by Scottish estate and letting agency DJ Alexander Ltd.

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Azets: Scottish businesses to brace for tax hikes and shrinking allowances

Published 1 year ago

Soaring corporation taxes of up to 25%, shrinking allowances and new advance payment rules are projected to affect more than 40% of Scots’ businesses with year ends between December 2023 and March 2024, seriously affecting cash flow and investment, a business tax expert has warned.

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Penrhos Bio secures further £3m in Series A funding round

Published 1 year ago

Scottish cleantech bioscience firm Penrhos Bio has successfully secured a further £3 million in Capital through its Series A funding round.

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Bank of Scotland: Individual business optimism persists despite overall confidence drop

Published 1 year ago

Business confidence in Scotland has taken a dip this October, decreasing by seven points to a standing of 26%, according to the latest Bank of Scotland Business Barometer.

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Scottish Housing Regulator highlights challenges as social landlords secure further £578m

Published 1 year ago

Scottish Registered Social Landlords (RSLs) have shown resilience, securing the confidence of both lenders and investors, according to the latest report from the Scottish Housing Regulator.

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Wylie & Bisset joins calls for charity audit threshold re-evaluation

Published 1 year ago

Accountants and business advisers firm Wylie & Bisset has joined in calling on the Scottish government to urgently address the charity audit threshold disparity between Scotland and England and Wales, suggesting it should be doubled and brought into line with other regions.

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Begbies Traynor: Alarming uptick in financial distress for Scottish businesses in Q3

Published 1 year ago

The business landscape in Scotland has become increasingly strained due to a combination of high interest rates and escalating operating costs, leading to growing numbers of businesses experiencing either early or advanced financial difficulties.

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BR-DGE forges alliance with Sift to bolster payment safety

Published 1 year ago

Edinburgh-based payment orchestration innovator BR-DGE has unveiled a strategic collaboration with digital trust & safety firm Sift to bolster the defence against payment fraud for merchants.

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Bank accounts to be offered to every Scot

Published 1 year ago

Scotland’s banking sector has unveiled a plan to ensure that every resident in Scotland is offered the opportunity to own a basic bank account.

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EY Scotland celebrates promotions amid record UK revenues

Published 1 year ago

EY Scotland welcomes the appointment of nine new partners, 150 promotions and 100 graduates and apprentices, as the firm announces record UK revenues of £3.8 billion in FY23.

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BASF Pharma expands in Lewis with £1.8m warehouse

Published 1 year ago

Life science company BASF Pharma (Callanish Ltd) has opened its £1.8 million consumables warehouse in the Isle of Lewis.

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Business confidence in Scotland remains subdued as challenges continue

Published 1 year ago

Business confidence in Scotland is ahead of the UK average although challenges remain, a survey of chartered accountants published today by ICAEW has found.

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FAI: Scottish economy’s sluggish growth and the road ahead

Published 1 year ago

Subdued growth prospects for the Scottish economy have been highlighted, with predicted growth rates of 0.2% in 2023, 0.7% in 2024, and 1.2% in 2025, according to the University of Strathclyde’s Fraser of Allander Institute.

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Bank of Scotland owner Lloyds’ Q3 profits jump to £1.86bn

Published 1 year ago

Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has reported a surge in its pre-tax profits for the third quarter to £1.86 billion from £576 million in the same period a year ago, a figure slightly surpassing the £1.82bn City analysts had forecasted.

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Reward Finance Group amplifies SME support with £50m from Foresight Group

Published 1 year ago

SME business finance loans and asset-based solutions firm Reward Finance Group, which has an office in Edinburgh, has secured an additional £50 million to its credit line from the alternative investment manager, Foresight Group.

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