ScottishNews.com

Finance

Azets: More costs for employers as real-time benefit reporting looms

Published 4 months ago

A Scottish business tax adviser has warned that hundreds of thousands of Scottish businesses are unprepared for new real-time payroll reporting rules set to take effect in April 2026.

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KPMG faces new FRC investigation over audit of Ladbrokes-owner Entain

Published 4 months ago

The Financial Reporting Council (FRC) has launched a probe into KPMG’s audit of gambling giant Entain’s 2022 accounts.

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Bank of Scotland-owner to close Dunfermline office as it plans over 1,000 layoffs

Published 5 months ago

Lloyds Banking Group, owner of Bank of Scotland and the UK’s largest retail lender, is set to axe hundreds of jobs, as part of a major restructuring effort.

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EQ Accountants sees record number of graduate and trainee applications

Published 5 months ago

EQ Accountants has welcomed a record 14 new graduates and trainees in 2024, after receiving over 150 applications – more than six times the usual number.

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RSE sees profits soar to £19.9m as revenues rise 30%

Published 5 months ago

Highlands-based water treatment solutions provider RSE has reported a strong financial performance for the year ending 31 March 2024.

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Grant Thornton: Businesses’ profit growth to stall following rising employment costs

Published 5 months ago

Following the increases announced in the Autumn Budget to employer National Insurance Contributions and National Minimum Wage, UK businesses’ profit growth expectations remain low and many are looking to review employee costs across the board including implementing hiring freezes, according to Grant Thornton UK.

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Audit Scotland: Scottish councils should tighten controls after £1.1m Aberdeen fraud case

Published 5 months ago

All Scottish councils must learn from the weaknesses that allowed an Aberdeen City Council employee’s £1.1 million fraud go undetected over 17 years, the Accounts Commission has urged.

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FinTech Scotland Cluster sees strong growth as sector employment rises 8%

Published 5 months ago

The FinTech Scotland Cluster has recorded an 8% year-on-year employment growth during 2024 bringing the total number of people working in fintech to over 11,300.

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FRP Advisory appointed as Connect Modular enters administration

Published 5 months ago

Michelle Elliot and Callum Carmichael, partners at FRP Advisory, have been appointed joint administrators of Connect Modular Limited on 6 January.

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Nine-year ban for director of over 400 companies

Published 5 months ago

A key figure in a scheme designed to undermine the insolvency system has been banned as a company director for nine years.

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Scotcoin targets £200m valuation in February listing

Published 5 months ago

Scotcoin is set to be listed on a major cryptocurrency exchange in February 2025, which will see the project valued at $250 million (£200m) on its market debut.

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Edinburgh fintech BR-DGE experiences 10x growth in transaction value

Published 5 months ago

Edinburgh-based payment orchestration provider BR-DGE has recorded a significant transaction volume uplift and made a spate of new senior hires in 2024 as the company scales rapidly to meet unprecedented demand in 2025 for its modular services.

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Thomson Cooper called in as Blairgowrie Holiday Park operator liquidated

Published 5 months ago

Richard Gardiner of Thomson Cooper Accountants has been appointed liquidator of Heritage Park Estates Limited, the company operating Bendochy Park in Blairgowrie.

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BoE keeps interest rates frozen after November inflation ticks up

Published 5 months ago

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted to hold interest rates at 4.75%, following a slight uptick in inflation in November.

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KPMG narrows gap with strongest growth among Big Four

Published 5 months ago

KPMG has posted a 5.4% rise in global revenues to $38.4 billion (c. £30.5bn), outpacing its Big Four rivals in terms of revenue growth in the past year.

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