‘The sheer scale of disruption has surprised many’ – IR35 reforms six months on
The “sheer scale of disruption” sparked by changes to IR35 rules have surpassed expectations, an employment expert has said.
Johnston Carmichael
Johnston Carmichael forms new team to support energy transition
Business advisory and accountancy firm Johnston Carmichael has a created a new expert team focussed on the energy transition.
Fit for the future? It’s time the oil and gas industry had a tax health check
To say that the oil and gas industry has had a lot to contend with over the past year would be putting it lightly.
Johnston Carmichael lends support to green port in Cromarty Firth
A bid to create a freeport in the Cromarty Firth is being backed by accountants and business advisers Johnston Carmichael.
Three60 Energy bags multi-million pound funding package
Bosses at Three60 Energy are looking to target asset operators “across the globe” after a positive and prosperous last few months.
‘Important milestone’ as controversial IR35 tax rules come into effect
New IR35 tax rules impacting thousands of workers across the oil and gas industry and beyond come into effect today.
Be brave and place some bets
There’s a general view that we should consign the year gone by to history. In oil and gas, and the wider energy industry, 2020 can more accurately be viewed as another challenging time for a sector accustomed to being beleaguered.
New finance boss for MRDS
Drilling services firm MRDS Group, of Aberdeen, has hired a former Clydesdale Bank area director as its new finance chief.
IR35 delay hopes ‘fanciful’ warn employment experts
Employment experts have warned that hopes of a further IR35 delay are “fanciful”, despite months more of Covid lockdown measures coming.
Government launches review of controversial IR35 tax rules
A government review has been launched into new tax rules expected to hit thousands of contractors across the oil and gas industry.
Energy transition influence on M&A strategies grows
Climate change and the target of achieving net zero carbon emissions by 2035 is having a significant impact on the energy sector, and that trend will continue for the foreseeable future.
Energy Institute young professionals dinner attracts more than 200 people
More than 220 people gathered in Aberdeen for an event celebrating and rewarding the energy sector’s best young talent.
Treasury ‘committed’ to April IR35 changes despite election and delayed budget
The Treasury has said it “remains committed” to changes to contractor pay rules by April, despite a delayed budget and the upcoming general election.
MSIS acquired in pre-pack deal, 88 jobs saved
Eighty-eight north and north-east jobs have been saved after industrial cleaning and environmental-waste management specialist MSIS plunged into administration and was swiftly acquired by a local rival.
Relief from R&D costs
The development of innovative technology solutions has never been more crucial to the oil and gas industry than it is right now.
Draft plans for IR35 contractor changes raise concern for North Sea talent pool
Concern has been raised over the cost to businesses and the potential shrinking of the North Sea workforce over plans to change contractor pay rules.
Thousands back campaign to stop IR35 contractor pay changes
More than 16,000 people have backed a campaign to stop changes to contractor pay rules which will widely impact the North Sea energy sector.
Johnston Carmichael – Has appetite increased for oil and gas deals?
A new year can provide a good opportunity to revisit plans for the year ahead.
Don’t be left howling at the moon if it’s ‘no-deal’
Peter Courtney, international tax specialist at Johnston Carmichael, looks ahead to the possible tax changes that will affect Scottish businesses operating internationally in a post-Brexit landscape.
Administrators appointed to Underwater Centre
Accountancy and business advisory firm Johnston Carmichael has appointed administrators to the troubled Underwater Centre in Fort William.
Opinion: New Year hope for growth in energy services activity
Concerns over the potential impact of the Forties pipeline shutdown added a bump in the road of what had been a far more positive 2017 – with a more stable oil price supporting performance across the North Sea quietly welcomed.
Promoted: The day the ledger book died
Some businesses may have won a delay in the Spring Budget, but others now must embrace technology or face the wrath of the tax man, writes Susie Walker
Aberdeen firms collapse as oil price turmoil continues
Two north-east firms reliant on income from the oil and gas industry have collapsed with the loss of 37 jobs.
Opinion: Critical to tackle the collapse in investment
Oil and gas companies have made significant in-roads into reducing the cost of production, but this is in the context of some of the highest operating costs in the world. With the oil price falling from the highs of above $100 a barrel in the summer of 2014, those cuts alone cannot go far enough and real fiscal stimulus is needed to drive renewed investment.