How to choose a financial advisor

Are you searching for the best financial advisor Dundee has to offer for your personal or business finances – or both? If so, it helps to know what you should expect and how to determine who is right for you. This article offers some information on the role of a financial advisor and what to[…]

Eddie the Guide Dog

Dogs that make a difference

For the past year, the MMGCA team in Forfar has been supporting Eddie, a very special black Labrador who is training to become a Guide Dog.   Every hour another person in the UK goes blind. There are around 5,000 Guide Dog owners in the UK, which means 5,000 blind or partially sighted people are[…]

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[…]

The Residence Nil Rate Band and Downsizing

Downsizing your home can come at a cost.   The Residence Nil Rate Band (RNRB) did not initially include provisions for downsizing. But, following a consultation, new provisions were introduced for those downsizing their home after 8 July 2015. These provisions take account of downsizing in two cases:- The deceased downsized to a lower value[…]

The Residence Nil Rate Band

It’s important that your accountant is there to give you the best advice when you need it, in good times and in bad. When a loved one passes away it can bring a number of important decisions that will affect the surviving family. That is why it’s important to develop a relationship with your accountant[…]

New Scottish Income Tax Rates and Bands

From 6 April 2018, new Scottish income tax rates and thresholds will apply:   Income (£) Name Rate (%) Below £11,850* N/A 0 £11,850** – £13,850 Starter 19 £13,851 – £24,000 Basic 20 £24,001 – £44,273 Intermediate 21 £44,274 – £150,000*** Higher 41 Above £150,000*** Top 46   *No tax is payable on income below[…]

Why we support Help for Kids

It’s the time of year for reflecting on the past as we prepare for the year ahead.   At MMG Archbold we strive to help you, our clients, achieve your goals but it’s also important for us as a local business to support those in our community who are in need.   Our Director of[…]

Are you losing State Pension?

Do you know that your Child Benefit claim affects your State Pension entitlement? Child benefit used to be paid automatically to all parents of children aged 16 or under no matter the level of the parent’s income. This changed in January 2013 when it became means tested.   If both parents each earn less than[…]