Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Ruth Whyte
Digital Advisory Assistant Manager
11 December 2025
Business transformation in 2025: Why it’s more urgent than everAs we approach the end of 2025, it’s clear that the business landscape in the UK is evolving rapidly. From economic shifts to technological advancements, organisations are facing new challenges and opportunities. At Johnston Carmichael, we’ve been at the forefront, helping businesses navigate these changes through effective business transformation strategies.
27 November 2025
Autumn Budget 2025: our Wealth summaryFollowing the Autumn Budget and the announcements made, there were a number of changes and freezes, which will have a real impact on individuals’ financial planning. Our Wealth team have analysed these further.
25 November 2025
Energy transition survey, ET42 - What does the future hold for the industry?As we look ahead to the UK Government’s Autumn Budget, the Energy Transition 42 survey finds the industry despondent. Confidence in the UK Continental Shelf (UKCS) remains low - unchanged from the previous survey - and revenue and profit expectations have softened.
11 November 2025
Periodic review of FRS 102: key lessons before the 2026 effective dateThis year’s UK accounting news has been dominated by the Periodic review of FRS 102, which becomes effective for the periods beginning on or after 1 January 2026. This is the most extensive update to the standard since its original publication, aligning certain rules with IFRS and refining additional guidance. We have been advising early adopters and those businesses that want to prepare ahead of time on the general impact assessment, revenue recognition and lease accounting, using our bespoke tools and software.
15 October 2025
VAT update for further education collegesRecent VAT changes for private schools have introduced uncertainty for further education (“FE”) colleges, particularly around whether fee-based education, wholly or partly in return for a fee, remains exempt.
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