Glasgow

  • Budget tax relief

New 130% ‘super deduction’ for investment into plant and machinery

The new 130% ‘super deduction’ for investment into plant and machinery could be very useful, but there are important points contained within the “small print” that require careful planning.

The following example, which has been prepared by HMRC, clearly shows the possible appeal of the new tax allowance.
A company spends £10m on qualifying assets.
[i] Under the previous system, the possible tax […]

  • ad+ CIS expert advice

Make sure you don’t lose CIS Gross Status

 
Should you continue making money from construction, or become a tax expert?
If your business has CIS Gross Status, always remember that you must adhere to strict HMRC rules and deadlines, or that privilege could be removed.

It will hurt your cash-flow if you lose CIS Gross Status because it will cause an immediate drop in income received by your business.

Unfortunately, it is […]

  • ad+ advice on Bounce Back Plan

How can your business Bounce Back?

An increasing number of local business owners are concerned about future viability of their business.

Unfortunately, several have decided that they can’t see a way to keep trading and are preparing to wind down, or at least contract significantly.

This latest lockdown has hit certain sectors hard – not just those within hospitality and general retail. Perhaps it was “the final straw” […]

UK Budget 2021: key business points.

We appreciate that business owners are short of time and want technical advice tailored to their needs, and so we invite you to get in touch to discuss how the Budget changes might affect you and your business.
 

In the meantime here is a brief summary of the business proposals.
1. Employers will welcome the extension Furlough for a further five months, […]

  • ad+ 30th Anniversary

HAPPY BIRTHDAY to ad+ Chartered Accountants

 
30 years young and just getting started
 

Fundamental principles are our priority:-

Positive results on a daily basis drive business performance.
Cash and profits are the daily scorecard of activity.

By maintaining this focus, ad+ Chartered Accountants helps ambitious business owners to transform the results of their business.

Right now, as we celebrate 30 years in business, we are determined to ensure our […]

Winter Economy Plan is latest financial help package

Announced on Thursday 24th September, the new Winter Economy Plan, was announced by the Chancellor.

The package of measures applies to all regions and nations of the UK, include:-

A new Jobs Support Scheme to protect millions of returning workers.

Extending the Self Employment Income Support Scheme.

Continuing the 15% VAT cut for the hospitality and tourism sectors.

More help for […]

  • Tax on property sales

Tax charge when you sell residential property investments

Since 1st July 2020, in most instances, you are required to report and pay tax within 30 days when you make a profit on the sale of a residential property that is not your main home.

The change has drastically reduced the previous time gap between the date of sale and the date of paying the tax.  You will now be […]

  • accountancy and tax advice

Accountancy and tax advice for property investors

Property and Wealth
Owning a property portfolio is an aim of many people. Whether the portfolio runs alongside a trading business or becomes the main focus, the appeal is to accumulate a capital asset which can produce a stream of income.

Because ad+ has so many clients who own property investments, this is a topic in which we have a special interest.

We […]

  • ad+ can help to create a financial recovery plan for your business.

Your business recovery plan – repay loans

Does your financial recovery plan include repayment of loans etc?
It’s time to have another look at your business recovery plan. This time we are going to focus on repaying loans or liabilities deferred.

Let’s start by looking at the main financial provisions that have been put in place during this crisis. You need to identify which ones require to be repaid, […]

  • Corona-Covid-financial-help-business

Scotland Eases Lockdown

Scotland: Route map for moving out of lockdown.

The document we have all been waiting for has been published. Download by clicking this link: ‘COVID-19: Framework for Decision Making – Scotland’s route map through and out of the crisis’

Changes to working or running a business

Remote working remains the default position for those who can.
For those workplaces that are […]