Wbg, one of Scotland’s leading independent specialist accounting, tax, and audit firms, has warned directors against the repercussions of failing to deal with failing companies in the proper manner and illegal ‘phoenixing’. The caution follows reports that a Scottish company director used a ‘corporate rescue’ process to shut down his winter sports business and dodge…
Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, says that an imminent shift to real-time payroll reporting represents a transformative change for businesses. Set to take effect in April 2026, the new real-time payroll reporting rules will require businesses to report income tax and Class 1A National Insurance Contributions (NICs) for most benefits-in-kind…
Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, has appointed two directors to its expanding Glasgow office. Alison Webster joins the firm’s Business Advisory Services team while Peter Clark joins its Internal Audit team. In her most recent role, Ms Webster was a director with Azets and brings with her over 27 years’…
Our in-house R&D tax credits specialist, Corporate Tax Director Shehzad Ashaq, looks at how R&D changes have impacted claims. Research and development (R&D) tax relief is a generous incentive that supports companies to invest in innovative projects in science and technology. This relief has been a vital source of support for businesses. You can find…
Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, is advising shareholders of family trading companies to consider their options to ensure that the Business Property Relief (BPR) cap fits. The advice follows Chancellor Rachel Reeves’s announcement of significant changes to the UK Inheritance Tax (IHT) regime in her budget. From 6 April 2026,…
Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, has responded to the Scottish Government’s Budget by noting that while it offers some good news for the hospitality sector, the lack of any changes to tax rates means that many Scots will still be paying higher rates than taxpayers in the remainder of the…
Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, has called for next month’s Scottish Government Budget to provide relief to SMEs struggling with rising operating costs in an increasingly challenging economic environment. Chancellor Rachel Reeves’ first budget announced a rise in employer National Insurance contributions. Starting April 2025, employers will pay NI at…
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While Scottish Land & Estates has warned of a triple blow to Scotland’s rural businesses caused by the budget, Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, has cautioned farmers against a kneejerk response to budget announcements. Rachel Reeves’ budget heralded a cut to Agricultural Property Relief, ‘Barnetisation’ of the Agriculture Budget and…
Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, has introduced a financial wellbeing support service aimed at employers seeking to help colleagues access debt support. Paul McDougall, Insolvency Practitioner at Wbg, said: “Managing debt can be overwhelming and stressful, affecting employees’ personal and work lives, including job performance. “Debt stress can cause sleep…
