Events & Insights

Accountants Wbg believes HMRC’s interest in enforcement of the Loan Charge legislation will again be given priority when HMRC staff are fully returned to pre-Covid roles. Catherine McManus, Tax Partner at Wbg, hopes that HMRC will work with taxpayers to come to fair, workable resolutions to open cases and unpaid tax bills. Historically, some organisations,…

With Covid cases in Scotland having roughly doubled every week since restrictions eased, and with the culmination of the furlough scheme imminent, accountants Wbg are advising hospitality sector operators to do cashflow forecasts as a matter of urgency. That’s because many operators have accrued significant debts over the last 18 months as they have struggled…

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…