Blog

Self-Assessment

Many will not get a self-assessment tax return next year

7th December | Posted in: PAYE & NI, Personal Tax, Planning

The government are gradually phasing out the self-assessment tax return and replacing it with an individual tax account pre-populated with data supplied by employers, pension companies and State Pensi...

holiday let

Furnished holiday letting business is not a business for IHT reli...

6th December | Posted in: Business Tax, Pensions, Savings & Investments, Personal Tax, Planning, Property Investment

A furnished holiday letting business is treated as a trade for most tax purposes. For example, capital allowances are available on furniture, and CGT entrepreneurs’ relief is available on the di...

investments

Auto Enrolment – How has my investment performed?

6th December | Posted in: Pensions, Savings & Investments, Personal Tax, Planning

The majority of businesses are now in the Auto Enrolment process and their employees are making contributions to the schemes. One of the questions that I am sure interested employees ask is, ‘How ha...

fundraising update

Fundraising update

28th November | Posted in: Charity, Community, Company News

We hosted our annual Charity Lunch on 24 November at Turnhouse Golf Club. The event was a huge success, with excellent speakers and incredible magic tricks shared at the guests’ tables from an u...

EBT schemes

HMRC tackles employers who used Employee Benefit Trusts

27th November | Posted in: Business Tax, Government Announcements, Personal Tax, Planning

As with many things in life, what looks too good to be true generally turns out to be so. This seems to be true for tax avoidance schemes using Employee Benefit Trusts (EBTs) as, during the summer, HM...

Salary Sacrifice

HMRC have updated their guidance on salary sacrifice schemes

17th November | Posted in: Payroll, Pensions, Savings & Investments

The rules for salary sacrifice arrangements changed with effect from 6 April 2017 and HMRC have updated their guidance for employers. Apart from 5 exceptions the amount assessed as employment income f...

HMRC payments

Changes to paying HMRC

16th November | Posted in: Business Tax, Payroll, Personal Tax

Important update about changes to paying HMRC HMRC have announced some changes to the way that payments are made to them:- From 15th December 2017 you will no longer be able to make payments at the Po...

pension drawdown

New restriction for those in pension drawdown

10th November | Posted in: Pensions, Savings & Investments, Personal Tax, Planning

One of the measures affecting pensions announced in the Spring 2017 Budget concerns a new £4,000 pension input limit for those who are drawing income from their money purchase pension fund. The new f...

Increased contributions for workplace pensions in 2018

7th November | Posted in: Payroll, Pensions, Savings & Investments, Planning

Auto-enrolment of staff in workplace pension schemes now applies to even the smallest of employers, although there are exclusions. The current minimum contributions are 1% from the employer and 1% fro...

cloud drop in

Another opportunity to attend a Cloud Accounting Drop In session...

6th November | Posted in: Planning, Professional Services

Would you like to find out about the different cloud accounting software options on the market and which package would suit your business best? Do you currently use cloud software and have some querie...

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