January 2019

News Posted

Get a UK EORI number to trade within the EU

30th January 2019
UK businesses trading with the EU will need a UK EORI number to continue trading in the event that Britain exits the EU without a deal. Kenny Logan outlines what is involved in this no cost application. With only two months until the UK’s scheduled departure from the EU, it is still tough for most...
Taking salary again, Business Management

Are you ready for Making Tax Digital in April?

14th January 2019
All businesses compulsorily registered for VAT will have to comply with Making Tax Digital from April 2019. But what are the key things to have in place to get your record keeping right? Kenny Logan advises. The first thing to confirm is that there will be no delay to Making Tax Digital for VAT and...

Salary sacrifice – what’s the tax position?

9th January 2019
One of your employees has asked if he can give up some of his salary for extra holiday. You’re aware that there are special tax and NI rules for sacrificing pay for benefits. How do they apply in this situation? Brona MacDougall advises. Since April 2017 where you offer an employee the choice of less...

Resolutions worth keeping

3rd January 2019
New Year is of course the time for making resolutions, some of which can be much more successful than others! However, it is also the time of year when business owners can make lasting changes that will improve profitability. What New Year’s resolutions should you consider making for your business? Tighten up your credit control...