Scottish Tax Rates 2018/19

On 20 February 2018 the Scottish Parliament passed its Budget Bill for 2018/19 which saw the introduction of five tax bands for non-savings income. This includes earned income and benefits, profits from self-employment, rental profits and pension income (including State Pension). The Scottish tax rates do not apply to dividend or savings income as these[…]

Off payroll public sector workers – is it worth it?

If you provide services for the public sector, you could be paying double taxation on your PAYE/NIC.   The Public Sector Body assesses the status of a contract when it is awarded to a company, or when the first payment after 6 April 2017 is made. This assessment will normally involve HMRC’s employment status tool and[…]

Taking the Pain out of Payroll

Many businesses and their employees are aware of the legislation surrounding auto-enrolment for pensions. Indeed, the ‘staging’ dates for bigger companies have already come and gone, so quite a few lessons have been picked up along the way. Perhaps your own date still lies ahead, but you’ve talked to your IFA and identified a provider?[…]

Money laundering: your role in stopping the criminals

It’s not just accountancy firms and tax officials who have obligations in relation to money laundering, writes Derek Grant, MMG Archbold Partner. HMRC expects many others to play a role too. As you might guess, your accountant is expected to be on the look-out for potential money laundering and is obliged to report suspicious activity[…]

10 tips for keeping your business safe online

The government has identified ‘Ten Steps to Cyber Security’, which are essential for any business looking to protect itself online. There are plenty of simple and straightforward steps that companies can take to keep themselves safe in the digital world. As accompaniment to the support offered in their Cyber Essentials programme, the Government advises you[…]

Free up your time with professional, strategic support

Many professional services firms – including accountants – employ a ‘Director of Operations or Practice Manager’ to oversee and co-ordinate their work. Plenty of companies in other sectors could benefit from exactly the same kind of approach. An increasing number of accountancy and legal firms now employ a Practice Manager or Director of Operations to[…]