Blog17th Jan 2023The hidden tax pitfalls of cryptocurrencyIf cryptocurrencies are not the most popular form of investment, they are almost certainly the most talked about. And no wonder – it’s thrilling stuff. Cryptocurrency is relatively new and mysterious to many people. A tantalising balance of high risk…By Lynn GracieView more
Blog13th Jan 2023IR35 twists & (U) turns- what it means for employersIR35 reforms have been a popular (or not so popular) talking point for businesses in the last year, with the initial reversal in the Truss/Kwarteng controversial mini budget, which included the repeal of the IR35 changes, and all too quickly,…By Gillian ForrestView more
Blog22nd Dec 20222022 Sector Year in ReviewThis year has been a year of growth, a year of events, a year of change and overall, a year to remember. It has not come without its challenges and changes. As the year draws to a close we asked…View more
Blog20th Dec 2022Annual Tax on Enveloped Dwellings (ATED) valuation date changesAre you aware of the valuation date changes for Annual Tax on Enveloped Dwellings (ATED)? What is ATED? ATED is an annual tax payable in advance by companies and other non-natural persons (including partnerships with corporate members) who own an…By Michaela McCombieView more
Blog19th Dec 20222023-24 Scottish Budget Tax changesAfter a dramatic start, John Swinney delivered the Scottish government’s Budget for the 2023-24 fiscal year on Thursday 15 December 2022. We have outlined below the tax changes that individuals residing in Scotland should be aware of from a personal…By Jill WalkerView more
Blog14th Dec 2022The Chimp ParadoxAs we approach the peak of the festive season, many of us may have reindeer and clementines on our minds. However, with today being World Monkey Day, we decided to shift the focus to chimps and bananas instead with our…View more
Blog13th Dec 2022What challenges are family businesses facing today?The UK is going through a period of uncertainty. The economy is struggling to recover from the Covid-19 pandemic, we’ve had months of political uncertainty and the rise in the price of necessities such as energy and food have caused…View more
Blog12th Dec 2022Food & drink sector dos & don’ts for cost of living crisisThe soaring price of food, energy and running costs has pushed inflation to a 40-year high as the rising cost of living continues to squeeze. UK food and energy prices are rising at their fastest rate in 42 years. With…View more
Blog8th Dec 2022Say Hello to HMRC’s new VAT penaltiesNavigating VAT penalties has become more complex with HMRC’s recent updates. The new VAT penalties and interest rules are set to impact how businesses manage their tax obligations. Understanding these changes is crucial to avoid costly errors and ensure compliance.…By Alistair DuncanView more
Blog8th Dec 2022Say Hello to HMRC’s new VAT penaltiesNavigating VAT penalties has become more complex with HMRC’s recent updates. The new VAT penalties and interest rules are set to impact how businesses manage their tax obligations. Understanding these changes is crucial to avoid costly errors and ensure compliance.…By Alistair DuncanView more
Blog7th Dec 2022Court-sanctioned SME Restructuring Plan imposes cram down of HMRC preferential debtThe High Court in London recently sanctioned a Restructuring Plan for Houst Limited despite opposition from HMRC, one of the company’s major creditors. Our Restructuring team explains the significance of the case. Restructuring Plans were introduced as a Business Recovery…View more
Blog30th Nov 2022Important year end considerations for the United StatesThe United States tax year ends on 31st December and as a result the next few weeks are key for employers to ensure that payroll has captured all of the necessary information before close. It is important for employers to…By Jessica ConstableView more