Welcome to our latest E-Newsletter which we hope that you enjoy reading.  

Please do not hesitate to contact us if you need any further information on any of the topics covered or any other aspect of your tax and financial affairs. 

With best wishes

David Miller, Director 

HM Revenue and Customs have acknowledged that their software and some commercial software used by accountants doesn’t always come up with the right amount of tax payable! You may have seen this reported in some newspapers such as the Daily Telegraph. Read more

Is your company planning on purchasing a new vehicle? Is it time to go green?

Under current tax rules, low emission cars qualify for 100% tax relief in the year of purchase against profits provided certain criteria is met: Read more

 

Since 1 April 2016 there has been a 3% supplementary charge on both Stamp Duty Land Tax (SDLT) and Land & Buildings Transaction Tax (LBTT) payable on the purchase of second and subsequent residential properties costing more than £40,000. This was clearly aimed at buy-to-let investors as well as those buying second homes. Read more

The Guest House and B&B sector is characterised by a significant turnover in business ownership.

Business values transferred on change of ownership can be significant and, as ever, there is potential for loss of value and tax traps on all sides for the unwary. This is therefore a situation where in reaching a transaction value, there is need for close liaison between: Read more

Your payslip contains important information, including your National Insurance (NI) number, tax code, employee payroll number as well as your gross and net pay. All employees including casual staff are entitled to a payslip at or before the time they are paid. The format of your payslip can be on paper or electronic (online). Read more

We  hosted a fundraising quiz night for SMA Support UK. The event was held at Le Monde, a central hotel/bar in Edinburgh. Our quiz master Colin Cruickshank tested the knowledge of our 15 teams to the limit, with only 2 points between Team Investec and the winners Axiom Project Services.         Read more

After 4½ hours of golf for charity at, Turnhouse Golf Club on 21 June 2017, all eight golfers were scratching their heads trying to work out how it took them so long to get round. After all they had the course to themselves!  With hindsight they probably should have set their alarm clocks for 2.00am and not 3.00am.. Read more

The plans are well underway for our annual charity lunch on 24 November this year.  The event will be raising money for SMA Support UK We still have a couple of tables available, so if you would like any further information or take a table at this event, please contact us Bookings will be on a first come, first served basis.

Scott McInnes has joined us from French Duncan on the 26 June 2017.  Scott has one exam remaining until he is ACCA qualified and will be assisting with Cloud systems, management accounts and year end accounts work.

The information in this newsletter provides only an overview of legislation in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice.  Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this newsletter can be accepted by the firm.