Blog

R & D

Is your company carrying out research and development?

20th September | Posted in: Business Tax, Planning

Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D).  Revenue and Customs (HMRC) have recently updated their guidance on claiming R&D...

company car

Thinking of changing your company car? What about a hybrid next?...

20th September | Posted in: Allowances, Business Tax

The next Finance Bill will include legislation to reduce significantly the taxable benefit on the provision of low CO2 emission cars from April 2020. From 2020 there will be a 2% benefit in kind for c...

drop in session

Cloud Accounting Drop In session

13th September | Posted in: Planning

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...

company loss rules

New company loss rules to go ahead

11th September | Posted in: Business Tax, Government Announcements, Planning, Regulations

The Finance Bill due to be debated  in September will finally include the new rules for the set off of company losses that were originally announced in March 2016. As a result of the first Finance Ac...

winding up company

Thinking of winding up your company?

6th September | Posted in: Business Tax, Planning

Up until 5 April 2016, the distribution of cash to shareholders on the winding up of a trading company by a liquidator was usually subject to capital gains tax, potentially at the rate of just 10% wit...

kilt walk

Taking a stroll for charity

5th September | Posted in: Charity, Community, Company News

A team from Johnston Smillie are taking part in the Edinburgh Kiltwalk on 17 September 2017 on behalf of Spinal Muscular Atrophy Support UK, our chosen charity for 2017. We will be wearing our kilts w...

HMRC beat Glasgow Rangers in Supreme Court

4th September | Posted in: Business Tax, Government Announcements, PAYE & NI

A scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case. Such schemes had been used by many employers to a...

self-employed

Working in the “GIG” economy

1st September | Posted in: Government Announcements, Payroll

The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which burden the wel...

blair horse trials

Blair Horse Trials sponsors 2017

28th August | Posted in: Business Tax, Community

We were delighted to be supporting Blair Horse Trials this August where we were sponsoring one of the show jumping classes.  It was great to see some of our clients and contacts either spectating, co...

childcare

New Government childcare schemes

28th August | Posted in: Allowances, Government Announcements, Personal Tax

Working parents can start applying for two new Government childcare schemes launching this year.  These are Tax-Free Childcare which begins immediately for the entire UK and 30 hours free childcare w...

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