4 Aug

Claiming tax relief for employment expenses

  • admin | News, Resources

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.

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4 Aug

Starting a business – what profits are taxed?

  • admin | News

An unincorporated business pays tax on what is known as the `current year basis’. This means that, as a general rule, the profits for a tax year are taxed by reference to the profits for the 12 months to the accounting date that ends in that tax year.

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25 Jul

Annual investment allowance

  • admin | News, Resources

The annual investment allowance (AIA) is a capital allowance that enables a business to write off the cost of most items of plant and machinery in full against profits in the year in which the expenditure is incurred.

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21 Jul

We’re Recruiting!

  • admin | News

Due to some internal reorganisation, we are currently recruiting for two positions – a bookkeeping controller and a customer services executive/office administrator. Both roles are part time with flexible hours.

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20 Jul

Corporation tax and trading losses

  • admin | News, Resources

Relief may be available where you operate your business through a company and you make a loss. The loss may be set against total profits of the current or previous accounting periods or may be carried forward and set against future trading income from the same trade.

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We are a team of award winning Chartered Management Accountants based in Edinburgh. We are cloud accounting and tax specialists helping businesses and contractors in the technology and food & drink sectors across Edinburgh and the Lothians. Your Tech-Savvy Edinburgh Accountants since 2007.