MAKING THE MOST OF 2019

One of the most common things holding people back from achieving their potential in business is the fear of failure.   It is human nature to fear the unknown. When we push ourselves outside of our comfort zones, whether in business or in our personal lives, it is pretty normal to feel some degree of[…]

STRENGTHENING OUR INTERNATIONAL NETWORK

We are committed to supporting our client’s growing business, and in December I to travelled to the U.S. deep south to spend the week in Atlanta, Georgia.   The purpose of my visit was to join more than 50 independent accountants at the CP America annual conference. This international organisation offers an opportunity to create[…]

LBTT – Land and Buildings Transaction tax

I know!  The accountancy world does not make it easy for you with all of these acronyms – ABC this, and EDF that….  Here we are referring to the additional dwelling supplement, covered by the land and buildings transaction tax.  This means if you buy an additional dwelling, such as holiday home or a buy-to-let[…]

SCOTTISH INCOME TAX. YOU ASK, WE ANSWER

Who is liable to pay Scottish Income Tax? A Scottish taxpayer is anyone who is a UK taxpayer and has their main place of residence in Scotland. If you have places of residence both in Scotland and elsewhere in the UK, a variety of factors will be considered in judging where your main residence is.[…]

SCOTTISH TAX GAP TO WIDEN FOR HIGHER EARNERS

The tax gap between Scotland and the rest of the UK continues to widen. Following the Finance Minister’s Scottish budget in December, the Higher Rate Tax threshold in Scotland is to remain frozen this year whilst this threshold will rise considerably for taxpayers in the rest of the UK   This means that from 6[…]

2019 BUSINESS TRENDS TO WATCH

Here are some of the top Business Trends to watch in 2019:   Marketing will continue to become more personalised Marketing is becoming increasingly personal, and this trend will keep going as we move into the new year. No longer will stock images, generic campaigns or impersonal calls to action convince consumers. In order to[…]

KEEP SAFE FROM MALWARE ATTACKS

Recent industry reports from cyber security firms such as McAfee and Kaspersky Lab have identified that mobile malware attacks are becoming increasingly widespread and more sophisticated.   Most business professionals use smartphones these days. These devices are basically small computers and can be infected with malware in a similar way to a PC – usually[…]

BUILDING A SUSTAINABLE BUSINESS

There is a trend towards businesses that seek to be more sustainable. These firms seek to have a minimal negative impact on the global and local environment, the economy, society and the communities in which they operate.   Sustainable businesses are focused on the long term. They seek to make a positive impact through doing their[…]

YOUR BUSINESS AND BREXIT.  ESSENTIAL PLANNING

If there are any clear themes emerging from the year, it is the importance of the political situation for the economy.   If there are any clear themes emerging from the year, it is the importance of the political situation for the economy. Brexit, the US mid-term elections, China – what the politicians have to[…]

CHRISTMAS IS THE TIME FOR GIVING

Those thinking about making gifts at Christmas should take advantage of the various inheritance tax (IHT) exemptions and reliefs available to them. Note that certain gifts can also have capital gains tax (CGT) implications.   THE IHT ANNUAL EXEMPTION – USE IT OR LOSE IT!   Although not particularly generous at £3,000 per donor per[…]

2018 – Year of the Young Person

2018 is the official Year of the Young Person in Scotland.  Throughout the year, the Scottish Government has encouraged the country to celebrate the achievements and contributions our young people make to society.  #YOYP has asked people to share their stories to create opportunities and inspire the next generation. https://yoyp2018.scot   As the year comes[…]

DO YOU HAVE CONFIRMATION BIAS?

Most business people these days have too much information and not enough time. We don’t have the time to weigh up every facet of every decision. This tends to encourage us to take shortcuts where we can. As such, we often go into a meeting or a negotiation with an idea as to what the[…]