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Directors Loan Accounts - one way or another...

Thursday, 17 Oct 2019 by Webmaster

We always tell our clients they must never borrow from their own limited company, but for various reasons – good or bad – some of them end up doing so.  So, what is the problem? In a word, tax.

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Construction industry VAT changes delayed

Monday, 9 Sep 2019 by Webmaster

The changes meant to come in on 1 October 2019 have been delayed by a year, but the construction industry vat reverse charge has not gone away.

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Construction industry VAT changes

Tuesday, 18 Jun 2019 by Webmaster

There are changes to VAT on construction services from 1 October 2019.  The VAT domestic reverse charge for building and construction services is being introduced - so take care!.

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There are bad times just around the corner...

Saturday, 6 Apr 2019 by Webmaster

As the new tax year starts, here is a brief round up of current changes to taxes and the National Minumim Wage.

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Taxing cases - the absurdity that is HMRC

Thursday, 14 Feb 2019 by Webmaster

We deal with HMRC all the time.

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Scottish news - overshadowed by Brexit chaos

Wednesday, 12 Dec 2018 by Webmaster

Derek Mackay's Scottish budget took place today.

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Budget genius, IR35 stupidity, and the end of austerity (or not)...

Friday, 12 Oct 2018 by Webmaster

You don't have to be very long in the tooth (says an old accountant) to remember when the Chancellor's budget was a bit of an event.

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Staff vacancy

Friday, 13 Jul 2018 by Webmaster

All good things come to an end.

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Dividends, documentation and downright disasters

Thursday, 12 Jul 2018 by Webmaster

The arrival of a Technical Bulletin from ICAS is a warning that whilst "low salary, high dividends" is often the best way to extract funds from your limited company, there are still hoops that need to be jumped through with dividends, as there are with PAYE.  There are two types of dividend - interim ones that are paid by the directors, and final ones that are declared at a meeting of members.

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GDPR and other hocus pocus

Friday, 25 May 2018 by Webmaster

GDPR Compliance Statement

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MTD: By the pricking of my thumbs…

Thursday, 5 Apr 2018 by Webmaster

Making Tax Digital is a government plan “to make it easier for individuals and businesses to get their tax right and keep on top of their affairs - meaning the end of the annual tax return for millions.”  Yes, well maybe.

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Death and Taxes - Scottish taxes!

Friday, 23 Feb 2018 by Webmaster

The Scottish Parliament has confirmed the income tax rates that apply to Scottish taxpayers from 6 April 2018.

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Budget news: "Thats except for viewers in Scotland"...

Friday, 15 Dec 2017 by Webmaster

Derek Mackay presented a draft budget to Holyrood on Thursday 14 December 2017.

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Underwhelming budgets and other scams

Thursday, 23 Nov 2017 by Webmaster

We were so underwhelmed by the Autumn budget that we really don't have anything to say about it.  The devil may yet prove to be in the detail, but so far we have seen nothing to get excited about.

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Cry havoc and release the dogs of IR35

Thursday, 9 Nov 2017 by Webmaster

There are lots of rumours that the public sector IR35 changes are going to be extended to the private sector.

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Its tax return time again (standing in a bucket)

Wednesday, 1 Nov 2017 by Webmaster

In addition, for late payment of the tax you are charged 5% of the balance on 28 February and after 6 and 12 months - and that is on top of late payment interest.

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Its a scam!

Wednesday, 26 Jul 2017 by Webmaster

If you receive an unexpected phone call or email from HMRC, then be aware of the possibility that it might be a FRAUD!

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Election news

Thursday, 11 May 2017 by Webmaster

You may have noticed that a general election is looming.

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2017 spring budget - as dull as it was cracked up to be

Wednesday, 8 Mar 2017 by Webmaster

A dull budget was forecast, and whilst he teetered on the edge of dramatically changing self-employed national insurance and the taxation of dividends from owner-managed businesses, in the end “Box-Office Phil” avoided creating anything interesting.

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VAT FLAT RATE SCHEME CHANGES

Friday, 17 Feb 2017 by Webmaster

The VAT flat rate scheme (“FRS”) is being changed from 1st April, and the changes mean the scheme is going to be unworkable for many small businesses.  If you use the FRS, you need to consider going back to standard VAT or deregistering from VAT altogether, if you can do so.

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