Wbg, Accountants and Business Advisers, has advised hospitality sector operators to plan and project to survive or exit a perfect storm of increasing energy bills just as winter approaches, higher supply and staffing costs, and a fall-off in consumer spending, squeezed by inflation. While Prime Minister Liz Truss has announced that businesses will see their…
In our latest blog, our Head of Charities, Jenny Simpson, explores the roles and responsibilities of external auditors and trustees regarding going concern; One of the most frustrating parts of the role of an external auditor is in relation to going concern. It is the area most likely to result in a difficult conversation with…
Wbg, Accountants and Business Advisers, has suggested the Scottish Government Resilience Committee could consider a review of Scotland’s income tax rates to help mitigate the impact of the cost-of-living crisis currently affecting people and businesses. Chaired by the First Minister, the Scottish Government Resilience Committee has said it will consider urgently all options within devolved…
Wbg, Accountants and Business Advisors, has been appointed as liquidator of Worksmart Contracts. Based in Kilmarnock with a 24-strong workforce, Worksmart is a leading commercial interior fit-out and refurbishment contractor for clients operating across a wide range of industrial sectors, including the Scottish Government. Commenting on the appointment, Wbg Managing Partner Donald McKinnon said: “Following…
Wbg, Accountants and Business Advisers, has appointed a seasoned specialist to manage and grow its burgeoning payroll team. Margaret Egan has over 30 years’ payroll experience operating the full gamut of software packages and advising clients on all the increasingly complex and ever-changing processes and regulations involved in the vital accountancy function. “At the start…
Wbg, Accountants and Business Advisers, has beaten a number of national and international accountancy practices to secure first place in a Department for Education tender to provide funding assurance work over the next four years. The win follows the firm being named last year as the sole independent Scottish accountancy practice to be awarded slots…
In our latest blog, our Head of Charities, Jenny Simpson, considers two common problem areas for charities utilising gift aid; The gift aid scheme potentially allows charities to boost their income from donations but is not without its pitfalls. On the whole charities are familiar with the requirement to hold and keep a valid gift…
Wbg, Accountants and Business Advisers, has advised company directors who applied for a Bounce Back Loan but are now struggling to meet their repayments, to speak to an accountant to assess the viability of their business going forward and explore their options to avoid the risk of prosecution. In April 2020, at the outset of…
Wbg, Accountants and Business Advisers, has broadened its charity expertise with two of its audit managers having been awarded a prestigious Diploma in Charity Accounting (DChA) by the Institute of Chartered Accountants in England and Wales. The DChA is only awarded to those individuals who can demonstrate a high level of competence in charity accounting…
In our latest blog, our Head of Charities, Jenny Simpson, provides some helpful suggestions for Trustees; Trustees give their time and skills freely to the charities they work with, so it is important that they have an awareness of the complexities they face if a charity experiences financial difficulties and potential insolvency. In extreme circumstances,…
