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Cashflow 999 – How to manage your cash during the Coronavirus crisis

In these challenging times the old business mantra of Cash is King has never been more true. Many businesses have already taken steps to reduce their cash outflows. Regardless of whether you are still open for business or you are in a temporary business hibernation we want to help you get better insights to your […]

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Three quick easy wins for Receipt Bank users

Receipt Bank is a great time saving app that links with Xero. Receipt Bank extracts the key information from your receipts and invoices, removing the need for time consuming manual data entry We’ve introduced dozens of clients to the benefits of using Receipt Bank to streamline their bookkeeping. Here are three quick easy wins to […]

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Be aware of the Fake Boss email scam!

We share a real-life example of a cyber-attack known as Business Email Compromise, Fake Boss, or CEO Fraud The Fake Boss method is is a very common way that scammers are defrauding UK businesses of thousands of pounds on a daily basis, so please read on. This morning my payroll manager, Katrin, received an email […]

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Don’t be afraid to ask for help from an Expert !

As human beings we are very good at putting things off and not asking for help when we need it. Chris tells the tale of a learning a painful lesson (and a broken finger) Chris writes: I’ve learned a lesson on procrastination and not asking for help when I needed it. A couple of weeks […]

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Accountants Edinburgh – Brexit Planning for the Creative Industries

Do you run a Creative or Digital Business? One Accounting is a firm of tech-savvy, award-winning Chartered Management Accountants based in Edinburgh. Click to know more! Do you run a Creative or Digital Business? The government has released a 10-point plan to follow in the event of a no-deal Brexit. If you have customers in […]

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Radical Changes to Scottish Tax Rates

Scotland’s Finance Secretary has announced radical changes to income tax rates for 2018/19. These will affect Scottish taxpayers, and their employers, all over UK. What’s the full story? More or less tax? In his budget of 14th December, Scotland’s Finance Secretary made a big deal about cutting the tax bill for 55% of Scottish taxpayers […]

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NIC and the self-employed

Change is on the horizon – from April next year, the self-employed will only pay one Class of National Insurance rather than the two currently payable. Change is on the horizon – from April next year, the self-employed will only pay one Class of National Insurance rather than the two currently payable. Current position Depending […]

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Using loan trusts to save IHT

A loan trust can be used as a vehicle to save inheritance tax, whilst retaining the ability to access the funds lent to the trust. A loan trust can be used as a vehicle to save inheritance tax, whilst retaining the ability to access the funds lent to the trust. How does it work? There […]

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Buy-to-let landlords – relief for interest

With rising property costs and low-interest rates, many people took out a mortgage to invest in a buy-to-let property. As long as property prices continued to rise and the tenants paid their rent, investors could make money from the rising market while the rent from the tenant paid off the mortgage – all the investor […]

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Claiming tax relief for employment expenses

In most cases, employees will be able to claim back any expenses that they incur in doing their job from their employer. However, where the employer will not reimburse the employee’s expenses, there may be tax relief to be had. In most cases, employees will be able to claim back any expenses that they incur […]