Blog10th Nov 2023Furnished Holiday Lets – Qualifying Conditions & ElectionsTo gain the tax advantages of a Furnished Holiday Let (FHL), the property must qualify, and HMRC have a series of qualifying conditions which must be met. If the criteria is still not met, the property will be treated as…By Jen KinnearView more
Blog23rd Oct 2023Importance of Financial Projections: Know Your NumbersIn the ever-changing landscape of the UK economy, business owners face a multitude of challenges that demand foresight, strategy, and adaptability in order to maintain success. One of the most valuable tools that savvy business owners can utilise to tackle…By Chloe McAteerView more
Blog19th Oct 2023Scottish Taxes- Are Changes Coming?The Programme for Government published on 5 September by the Scottish Government has promised to deliver ‘the most progressive tax system in the UK.’ Could this mean further Income Tax rises to come in the next Scottish Budget? What changes…By Jill WalkerView more
Blog2nd Oct 2023New Spanish Digital Nomad Visa allows access to the very attractive… Beckham tax lawHow does living and working in Spain for up to 5 years, whilst only paying 24% tax sound to you? Spain has always been a ‘go to’ holiday and retirement destination for Brits. The attraction is obvious – what’s not…By Lynn Gracie and Charlie DunningView more
Blog26th Sep 2023Would you be ready if HMRC lodged a formal enquiry into your Income Tax Return? A tax enquiry is the process by which HMRC check in detail that the information on a tax return is correct and complete. HMRC have the right to make a formal enquiry into every tax return submitted to them. This…By Seamus McElvannaView more
Blog21st Sep 2023Can Employee Ownership Trusts (“EOTs”) provide an alternative to family succession?Known for their adaptable nature, innovative spirit and contribution to the economy, the importance of the successful continuation of our family businesses cannot be overstated. Retaining the ownership and running of the business within the family is often considered a…By Alan CampbellView more
Blog20th Sep 2023Nine benefits of hotel accountingMany hotel operators can be reluctant to enter a discussion about hotel specific accounting software. There is a common misconception that it is expensive, and that the owner or management company won’t have full control of their data. In today’s…By Ian BremnerView more
Blog18th Sep 2023What Does Members Voluntary Liquidation mean?It can be a daunting time for business owners closing down a solvent business. Owners are used to having full control and dealing with all business matters, therefore understandably, we are asked many questions before and during the process of…By Claire Smith View more
Blog16th Sep 2023Do you have a legal remuneration strategy?Each year it is important for business owners to review the company remuneration strategy to determine the most tax-efficient way to withdraw money from the business. Unfortunately, a number of business owners view the contents of the business bank account…By Michaela McCombieView more
Blog14th Sep 2023What are Family Investment Companies?In recent years, “Family Investment Companies” (FICs) have become more widely used in family tax planning exercises. However, they are not a new structure by any means – our oldest FIC client is over 100 years old! They are setup…By Emily Robson and Steve RobertsView more
Blog12th Sep 2023Are Inheritance Tax Rules Changing?Could we soon see Inheritance Tax changes? It has been reported that the Government is considering scrapping Inheritance Tax (IHT) in advance of the upcoming general election. IHT is a controversial and generally unpopular tax, which has been labelled as…By Jill WalkerView more
Blog5th Sep 2023Cruising around the world – can it really reduce your tax bill?The post-COVID world looks very different for many workers. Many are now choosing to work not just from home instead of the office, but in some cases, an entirely different country. Most are searching for a better work/life balance, escaping…By Lynn GracieView more