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MTD income tax pilot

The pilot scheme for Making Tax Digital (MTD) for income tax is now open for self-employed workers and landlords. The scheme becomes mandatory for accounting periods commencing on or after 6 April 2023, so those who join now will get […]

protecting your business against fraud

Instances of fraud have increased during the pandemic – what can you do to help mitigate the risks? Invoice fraud is on the rise and while not a particularly new scam, it can be catastrophic for businesses who fall victim […]

what is crowdfunding and how does it actually work?

Crowdfunding is a way of raising money for a business venture, personal endeavor, or charitable cause, where a large number of people invest in or donate money to the cause. Crowdfunding is becoming more popular with startup and early-stage businesses […]

developing the next generation of business leaders

Businesses need to invest in nurturing the next generation of talent. Regardless of the industry that you work in, how you and your management team nurture the next generation of talent in the first decade of their careers can have […]

fifth self-employed income support grant to be paid in July

The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. The eligibility criteria remain broadly the same as the fourth grant. Self-employed profits in 2019/20 must not exceed £50,000 and must […]

new fund opens for island communities

Businesses and community groups located across Scotland’s inhabited islands are now able to apply for grants of up to £150,000 through the new Island Communities Fund (ICF) for projects focussed on supporting sustainable island economies and the journey towards net […]

more information on CJRS claim for wages

Information about changes from 1 July 2021 has been added and claims for furlough days in June 2021 must be made by 14 July 2021. The Coronavirus Job Retention Scheme has been extended until 30 September 2021. From 1 July […]

pension contributions are tax-efficient for employee and employer

Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the annual input limit is not breached. The contributions are also deductible for the employer, provided incurred wholly and exclusively for […]

HMRC warn employers not to use unfunded pension arrangements

HMRC is currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax, Income Tax, and National Insurance contributions. HMRC strongly believes these arrangements do not work and will seek to challenge anyone promoting or using […]

We’re recruiting for a trainee accountant

We’re delighted to announce we’re recruiting a trainee accountant to work with both our accounts and tax departments in the preparation and submission of limited company Annual Accounts. You will be responsible for day-to-day administration and processing of accounts, managing […]

Green Jobs Funding Call

The green jobs call is part of a series of funding rounds that will open and close for applications periodically. The first call was delayed until 27 May 2021. It offers funding of between £50,000 and £500,000 to help Scottish […]

Unhappy families – challenging inheritance issues

The outcome of a recent High Court case is a warning for anyone challenging a will. As inheritances become more valuable, the number of disputes about wills have increased. Court cases rose by almost 50% to 188 in 2019 compared […]

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