Events & Insights

Accountants Wbg welcomes the Scottish Parliament’s inquiry into the challenges faced by people with low income and debt problems but questions whether it is a missed opportunity. With inflation rising to 5.2% last year and energy regulator Ofgem announcing the energy price cap will increase by £693 next month, Paul McDougall, Associate Director in Wbg’s…

Accountant Wbg has partnered with pharmacist-led training provider Pharmacy in Practice to provide a range of support services to Scottish pharmacy owners, pharmacists, and their teams. The partnership agreement will see the accountancy firm work alongside the training provider to develop a suite of community pharmacy-specific business skills training packages. These will be delivered digitally…

With more than two million people having missed the normal self-assessment tax return deadline, accountants Wbg has stressed the importance of urgent tax return filing and good record-keeping going forward as tax filing accounts is set to become more burdensome in forthcoming years. The firm’s tax partner Catherine McManus said it was important that the…

Accountants Wbg has warned the construction sector against a perfect storm of economic challenges putting pressure on their cashflow. Mark Mulholland, partner in the firm’s Business Advisory department, advised those smaller to medium-sized construction firms that typically wait until projects are complete before raising an invoice review this practice in view of elongated supply chains…

With research from the Federation of Small Businesses showing that a third of Scottish business owners faced an increase in late payment in the last quarter, accountant Wbg is advising SMEs that knowledge is key and cash is king when dealing with the issue. “Business owners need to know if they have a problem so…

Accountant Wbg is advising hospitality sector operators to raise their prices in response to rising inflation and operating costs. While welcoming the easing of Covid-19 restrictions, Catherine Livingstone, partner and head of the business advisory services team at Wbg, said that hospitality sector operators need to prepare for various different scenarios as the sector seeks…

Glasgow-based Accountant Wbg’s Internal Audit Department has secured an outcome of ‘full compliance’ following a recent External Quality Assessment from The Chartered Institute of Internal Auditors. With the Institute indicating that approximately a quarter of all External Quality Assessments result in full compliance, this achievement is all the more impressive given the significant growth in…

Accountants Wbg has deployed its pharmacy sector expertise to facilitate the multi-million-pound disposal of Newfield (Dundonald) to Davidsons Chemists. With a turnover of almost £5m and a staff of 60 across six pharmacies in Kilbarchan in Greater Glasgow & Clyde, and Crosshouse, Dalry, Dreghorn, Dundonald and Symington in Ayrshire, the acquisition of 30-year-old Newfield (Dundonald)…

In the wake of COP26, the 2021 United Nations climate change conference held Glasgow earlier this month, Accountants Wbg is urging SMEs to reap the commercial benefits to be had from joining the global quest for net zero. With SMEs comprising 95% of all businesses in many major economies, they have a significant environmental footprint…

Accountants Wbg has stressed that cash is king for SMEs tackling scarcity of supply, inflationary pressures and staff shortages this winter. Labour shortages and price rises continue to threaten economic recovery, according to data compiled by SCDI, with a surge in vacancies in Scotland exerting upward pressure on wages and inflation forecast to reach 5%…