Deciding whether to have a company car, or to claim mileage can be a difficult choice for business owners. The most tax efficient choice differs depending on a number of factors. As tax legislation has changed, there are fewer instances…
You own your own company, perhaps outright or perhaps along with others, and you have been paying yourself a low salary topped up with dividends from the company. For the last 18 years or so, since the first budget under…
UPATED: 27th February 2018. Original article published 20th November 2014 Readers of earlier articles will know that I am keen to explore common issues which arise for my work with my clients, mainly from a tax angle, but not exclusively.…
In normal, day to day life, selling your home is usually tax free. So even if you make a massive profit when selling it most people don’t pay any tax. This is because it’s their main residence. It is fairly…
Is offshore tax planning for you? If there is one theme that has kept coming up in my 28 years in tax it is people asking me if they should “go offshore” to save tax. Usually this is the result…
People often ask me what bookkeeping software they should use, and to be honest there is no one correct answer as it depends very much on who will be using it. However we have been using the cloud-based package “FreeAgent”…
In the crazy world of VAT we are always coming across surreal tribunal cases. A recent case caught my eye as it involves two well-known Scottish food companies: Lees and Tunnocks. The question for the Tribunal was whether a “snowball”…
Just when I thought that HMRC couldn’t get more ridiculous, news has reached me that they are now trying to argue that landlords should be paying National Insurance Contributions (NIC) on their rental profits. Now, it’s a firmly established rule…
If you would like to work with a proactive accountant and business adviser to help you grow your business and reach your goals, then get in touch! We will be happy to discuss how we can work together.
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The Walled Garden
South Building,
Bush Estate,
Midlothian,
EH26 0SD
