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Time to sell? Time to optimize.

It takes a long time to build a valuable business. Usually, there will have been many financial risks and personal sacrifices made by you and your family. So it’s understandable that at some point you may want to sell the business to release the capital and secure your financial future.

During the past 26 years, we’ve helped many Scottish business owners […]

What’s the best way to meet the obligations of running a company?

As you know, there is so much to be done to keep the company running, but there is never enough time. It’s easy to forget about one or more of the multitude of director and company reporting obligations.

How will you, or anyone within your team, find the time study the regulations to keep up-to-date with the ever-expanding requirements? There is […]

HMRC make it more difficult to reimburse personal expenses to drivers

The RHA recently commented on the difficulties it faced when negotiating with HMRC over the random checking process now required in support of tax-free payments made to drivers to cover personal expenses incurred for overnight stays. The payment is designed to cover basic expenses during an overnight stay, such as evening meal, breakfast, washing facilities and upkeep of bedding in […]

Why do we need another data protection act?

There’s so much regulation surrounding business operations that you can be forgiven for asking why Britain needs yet another layer of data protection law in the form of the new General Data Protection Regulation (GDPR).

One of our clients, Commissum, describes the massive changes that have taken place since the introduction of the current Data Protection Act in 1998. For example,

 […]

What would make the biggest positive impact on your business?

“If I could only complete one thing today, which one would have the biggest positive impact on my business?” Don’t ignore this question because it looks familiar. Some business owners achieve outstanding results by applying daily targeting and personal discipline.

Start every day by answering that question, and then complete that “one thing”.

If you are determined to achieve something worthwhile for […]

ad+ seminar: Get your business ready for new HMRC requirements

REGISTER NOW to learn what your business must change in order to comply with new the HMRC Making Tax Digital requirements.

Every quarter, your business will be required to provide an on-line update to HMRC of the amount of ‘taxable profit’ produced. That requires a lot of extra work by your staff and your accountant.

Will your bookkeeping staff cope with that […]

Small businesses need to prepare for increased VAT bills as of 1st April

The VAT Flat Rate Scheme is welcomed by many small business owners because it simplifies the record keeping and calculation requirements associated with their quarterly VAT bill.

Although the VAT Flat Rate Scheme will continue, as of 1st April, HMRC is introducing a new system which will increase the amount of VAT payable by many businesses using that scheme.

HMRC defines a […]

Road Tax (Vehicle Excise Duty) increases as of 1st April 2017

Running a new car will become more expensive for most car owners as of 1st April because of a new system of Road Tax (Vehicle Excise Duty). The increases apply irrespective of whether the car is owned by you or your business.

It is, perhaps, surprising to note that many cars which have a comparatively low CO2 emission rate will have […]

Surprise employees with tax-efficient benefits

It’s very hard to find and keep good employees. Therefore, you might be looking for ways to surprise your team.

Luckily, two planning opportunities are currently available to surprise your team in a tax-efficient manner.

Tax exemption for trivial benefits in kind

Most employees would be pleasantly surprised to receive a bottle of wine, tickets to a football match or the cinema, or […]