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[…]

Cloud Accounting

We are in a digital age.  For many people social media updates are replacing letter writing, groceries are delivered to our door at a click of a button and we keep up to date with the latest news via a tweet! The way we live our lives is more efficient, and resisting this change is[…]

Jenna Gauld - MMG Archbold Staff

In Jenna’s Shoes

Our chartered accountant and tax adviser, Jenna Gauld, is the star of this week’s In Your Shoes blog. This popular blog series from Dundee and Angus Chamber of Commerce puts the spotlight on local business people to find out how they spend their time: Jenna Gauld is a Chartered Accountant and Tax Adviser at MMG Archbold[…]

Dividend changes: are you ready?

In his 2015 Budget, Chancellor George Osborne introduced significant changes to the taxation of dividends. Owners of small businesses need to take note. It’s quite usual for directors of small companies to extract profits as dividends, which form a regular income. The main reason is tax efficiency, as when the dividend is paid out to[…]

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[…]

Accountants can advise, but it’s clients who decide

Effective tax planning is getting harder.  Your professional advisers can help you understand the new rules so that you can make more informed decisions. Let’s start at the more aggressive end of the tax planning spectrum. We’re all aware that there are legal schemes which are designed to help high-net-worth individuals avoid tax. In the good[…]