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Payment Diversion Fraud

Our Head of Charities, Jenny Simpson, looks at the most common fraud attempted against her clients; Part of our role as auditors is to consider the systems and processes that our clients have put in place to mitigate the risk of fraud.  We also must enquire about actual, alleged and attempted fraud and evaluate fraud…

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Wylie & Bisset welcomes record share of female-founded Scottish start-ups

Accountant Wylie & Bisset has welcomed the record share of female-founded start-ups in Scotland last year and advises them to keep their costs to a minimum and source the best professional advice available to enhance their growth prospects. Research for the Rose Review on Female Entrepreneurship reveals that 5,951 companies were established by women in Scotland…

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Wylie & Bisset promotes Claire Dalrymple to associate partner

Accountants Wylie & Bisset has promoted Claire Dalrymple from director of corporate services to associate partner. This latest promotion follows less than a year after Ms Dalrymple’s promotion from senior audit manager to director of corporate services following her Audit Qualification ratified by ICAS, making her a Responsible Individual able to sign off audits alongside…

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Gift Aid – Spring Statement

Our head of Charities, Jenny Simpson, reports on the impact of the planned reduction in the rate of basic rate tax on the gift aid recoverable by charities; Most people will have welcomed the Chancellor’s announcement in the Spring Statement yesterday that the basic rate of income tax will be reduced from 20% to 19%…

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Wylie & Bisset welcomes Crown Estate Scotland capital investment fund and urges SMEs to diversify and innovate

Accountant Wylie & Bisset has welcomed Crown Estate Scotland’s launch of a capital investment fund and advised SMEs to diversify and innovate their way to prosperity. Launched to help promote the sustainable development of Scotland’s natural resources, the £3m Innovation with Natural Resources (INR) Fund, which will support innovation in a range of sectors, such…

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Wylie & Bisset urges traders to start planning now for Basis Period Reform

With the Finance Bill 2021/22 receiving Royal Assent last month, it is all systems go for Basis Period Reform for unincorporated trading businesses from tax year 2024/25. Accountants Wylie & Bisset are stressing the importance in planning for this and, more importantly, the impact of the transitional year 2023/24. Basis Period Reform is intended to…

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A longer wait for the new SORP

Our Head of Charities and member of the Charity SORP Committee, Jenny Simpson, gives an update on the timings of changes for financial reporting for charities; The accounting rules for charities, set out in the charity SORP (Statement of Recommended Practice) derive from Financial Reporting Standard 102 (FRS102) which is published by the Financial Reporting…

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