Straight from the horse’s mouth

BREXIT – How will my business be affected?

1st July 2016
Following the vote by the UK to leave the EU, aside from the political upheavals, what are the practical problems that small business owners and tax payers will be facing as a direct result of the Brexit vote? The factors that may affect businesses, especially smaller businesses in the UK, in the coming months are...

BREXIT – How will my personal finances be affected?

1st July 2016
Aside from the political upheavals, what are the practical problems that individuals and tax payers will be facing as a direct result of the Brexit vote? For the last 40 years, our financial institutions have been built inside an integrated European Union. As a nation, we will need to act quickly to re-establish this framework...

TRANSFERRING PROPERTY

16th June 2016
You can legally transfer your property at any time, even while you are still living in it, but there are complex rules to be aware of as Alister Biggar outlines below.   In this article we look at some of the issues which arise from property transfers and concentrate on the main property taxes which come...

TAX DOESN’T TAKE A HOLIDAY ON HOMES ABROAD

2nd June 2016
Julie Robertson warns that owning a home abroad is not quite as easy as they make out on programmes like ‘A Place in the Sun’. With the popularity of these lifestyle shows on television, it is perhaps unsurprising there are more than one million homes owned by UK residents in the EU alone. These properties...

LIFETIME ISA versus HELP TO BUY ISA

25th May 2016
Robert Johnstone investigates which ISA performs better for those saving towards a deposit for a house.   One of the surprise announcements of the last budget was that another new type of ISA will be available from next year. The ‘Lifetime ISA’ which is to be launched in 2017, will only be available to those...

BENEFITS THAT PAY

9th May 2016
In this article, Kevin Ferguson looks at how employers can now tax expenses and benefits through their payroll by adding the value of them to their taxable income (payrolling), rather than having to provide them separately. Some employers were already applying this process by using their own informal arrangements but HMRC has now streamlined the...

THE NEW PERSONAL SAVINGS ALLOWANCE

3rd May 2016
Mike Ellis takes a look at the new Personal Savings Allowance which offers savers up to £1,000 in savings income tax free. This is undoubtedly the biggest shake up to have happened to savings in the UK in a generation. From the 6th April 2016, basic rate taxpayers will be able to earn up to...

CALCULATING HOLIDAY PAY

25th April 2016
Alister Biggar takes a look at recent changes to current legislation which should be considered when calculating holiday pay. With the main holiday season just around the corner, we thought we would take a look at holiday pay and how it is calculated. Some recent court cases have meant that employers and employees need to...

TAX FREE DRIVING

4th April 2016
Are you missing out on tax free mileage allowances? by John Craig MA CA The AA estimates that the true cost of running a £25,000 car for 15,000 miles per year is 61p per mile – a figure which demonstrates just how stingy HMRC’s mileage rates of 45p and 25p really are. So if you...

THE NATIONAL LIVING WAGE

1st April 2016
Discussing how the new National Living Wage will affect employers By Alan Simpson, Associate As you’ll  no doubt be aware, the National Living Wage was introduced on the 1st April 2016 for all working people aged 25 and over at a rate of £7.20 per hour. All workers aged 25 or over and not in...