Finance

CHARTERED ACCOUNTANTS URGE SME’S TO PREPARE FOR ECONOMIC CHALLENGES

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With business reports highlighting that inflationary pressures and supply chain issues are expected to have a marked impact on SMEs; Chartered Accountant Wylie & Bisset is advising business owners to react quickly to these economic challenges. With annual UK inflation on the consumer prices index measure projected to top 10% this year, Mark Mulholland (pictured […]

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SCOTTISH FIRMS FACE RISING INFLATION

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Scottish businesses have positive expectations for activity levels, employment and turnover, but also report that inflationary pressure and supply chain issues pose challenges in the year ahead. The latest Addleshaw Goddard Scottish Business Monitor, which surveyed 500 firms in April, revealed that all sectors of the Scottish economy recorded large net balances for their volume of

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AMERICAN TRAVEL AGENTS LOOKING TO RESTORE TRANS ATLANTIC TRADE

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 L-R: Eben Peck,(Asta’s Executive Vice President of Advocacy), Ken McNab (Managing Director of The Travel Company Edinburgh), Jennifer Wilson-Buttigieg (Chair of ASTA’s Government & Political Affairs Committee) and Zane Kerby (President & CEO of ASTA). A large group of some of the most influential American travel agents are currently touring Scotland as part of a

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FINANCIAL DIRECTOR LAUNCHES NEW INITIATIVE

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Glasgow-based growth strategist and cash expert, Craig Alexander Rattray (pictured above) is launching a new initiative to help SME owners take better control of their businesses. A part-time Finance Director for many ambitious growing companies, the former venture capitalist and corporate financier has spent more than half his career successfully running his own business and

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TAX SPECIALISTS ADVISE BUSINESSES USE SUPER DEDUCTION WHILE ITS AVAILABLE

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Renowned tax specialists Douglas Home & Co are urging smart Scottish businesses to take advantage of a generous Government “super-deduction” before it disappears.  The firm who are experts at fast-growing accountancy practice say the potential 130% tax deduction is ideal for businesses considering a post-Covid workplace revamp, but have warned that canny firms will have

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ANALYSIS OF COVID BUSINESS SUPPORT LIMITED DUE TO DATA GAP

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A new report from Audit Scotland shows that analysis of how Covid-19 business support funding was distributed during the pandemic is not possible due to gaps in data. The Scottish Government provided about £4.4bn of grants and non-domestic rate reliefs between March 2020 and October 2021, mostly paid out to businesses by councils. It then

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LLOYDS & FINTECH SCOTLAND LAUNCH INNOVATION PROGRAMME

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Lloyds Banking Group has announced three new strategic innovation challenges as it opens cohort 2 of its Launch Innovation Programme. Working in collaboration with FinTech Scotland the group is inviting fintech’s from all around the world to take part.  This follows the success of the first Programme that saw 12 fintech firms selected, from Scotland

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CHARTERED ACCOUNTANTS URGE TRADERS TO PREPARE FOR NEW BASIS PERIOD REFORM

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With the Finance Bill 2021/22 receiving Royal Assent last month, it is all systems go for Basis Period Reform for unincorporated trading businesses from tax year 2024/25. Chartered Accountants Wylie & Bisset are stressing the importance in planning for this and, more importantly, the impact of the transitional year 2023/24. Basis Period Reform is intended

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ENTREPRENEURS FORECAST £12.4 MILLION NEW INVESTMENT & SUPPORT FOR 522 NEW JOBS

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Scottish Enterprise has unveiled the forecasted impact of its £1.3m package of support for the third cohort of its flagship business growth and leadership programme Unlocking Ambition. The latest group of entrepreneurs joined the nationwide programme in September 2021 and will graduate at the end of March.  They have calculated that over the next three

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