Events & Insights

Accountants Wbg is advising SMEs working in the construction sector confronting material price rises and skills shortages to consider collaboration, diversification, innovation and incentivisation strategies to help them recover from the pandemic. A recent Federation of Master Builders survey highlighted that a crisis in the availability of building materials and a resurgent skills shortage were…

The partners at Glasgow Accountants Wbg are celebrating the return of staff members old and new to the office to start new hybrid working practices in a safe air-purified environment. Donald McKinnon, managing partner, said: “The last year has seen us all working remotely, learning new technology to work effectively. But while we’ve become skilled…

With a brace of recent reports revealing that Scottish SMEs are optimistic about the economy, we are advising business owners to act now to invest in digitalisation and seek advice on available tax reliefs to enable them to exploit the business opportunities arising from economic recovery. Scottish SMEs are more confident about the economy reopening…

With a recent report suggesting that SMEs are chasing £50 billion in late payments in the UK, Wbg is advising those struggling with the impact of late payment to agree different terms with creditors. Know-it, the cloud-based credit management platform, says that the extent of late payment in the UK is unsustainable for many businesses…

With a recent report warning that independent high street businesses face a wave of closures after their debt climbed to almost five times the level it was before the pandemic, SMEs need to seek financial advice as a matter of urgency. About 150,000 small businesses have racked up £2.3bn in debt, up from £500m before…

Accountants Wbg has formed a strategic alliance with Radar Healthcare exclusive to Scotland to help healthcare professionals meet regulatory standards. A single, easy to use system developed in partnership with healthcare professionals, Radar Healthcare seeks to deliver better healthcare outcomes through intuitive and innovative software offering an intelligent approach to managing quality and compliance related…

Accountants Wbg has backed Hospitality UK’s warning of a ‘long Covid for the economy’ as firms face huge levels of debt as the economy reopens. With the hospitality sector having amassed £2.5bn of rent debt with another £6bn worth of government debt accrued through schemes such as the Coronavirus Business Interruption Loan Scheme (CBILS), there…

Accountants Wbg has cautioned executors against swallowing the myth that when a debtor dies their debt is written off. Paul McDougall, Associate Director in Wbg’s Insolvency Practice, advises that, unfortunately, this is not the case if the deceased debtor leaves an estate with assets. “When a debtor dies, no one is required to settle their…

Accountants Wbg has formed an exclusive strategic alliance with the TAG Accountants Community that positions it as the only full-service practice supporting independent firms throughout Scotland. Offering a simple way to obtain the best practice methodology from peer accountants, the TAG Accountants Community has over 200 qualified and regulated professionals in tax, financial services, legal…

What happens when a person passes away with unpaid debts? Our Insolvency Associate Partner, Paul McDougall, explains the implications for the executor of an estate with unpaid debts. What happens to debt when an individual passes away? There is a common misconception that when a person passes away their debt is written off. Unfortunately, this…