2 Jun

Cash basis threshold increased

  • admin |

The cash basis is a simpler way for smaller businesses to work out their taxable profit. Under the cash basis, profit is calculated by reference to cash in and cash out, rather than by reference to income earned in the period and expenditure incurred, as is the case under the traditional accruals basis.

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31 May

​Property development - guidance on property development tax

  • admin | News, Resources

For many, buying a property, doing it up and selling it for a profit is an attractive proposition. However, it will not always be clearcut when the line between simply investing in property and trading is crossed. From a tax perspective, the distinction is important as the tax consequences are not the same.

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17 May

One Accounting shortlisted for Scottish Accountancy Awards 2017

  • admin | News

We are pleased to announce that we have been shortlisted in the ‘Small Accountancy Firm of The Year’ in the 2017 Scottish Accountancy and Finance Awards. This is a great recognition for the hard work that the team have put in to help grow the business and increase the level of support and advice to our fantastic clients.

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16 May

One Accounting is 10!

  • admin | News, Events

On Thursday night we took over the event space at Edinburgh marketing agency Whitespace and held a party for our staff, clients, family and friends. As well as enjoying some food and drink, we laid on a special magic show from Gary James which had everyone enthralled. One particular trick involved Neil signing his name on a five pound note, which was later found folded up inside a lemon, which was itself inside a locked box. Chris and Neil made a short speech, and everyone went home with a special birthday cupcake.

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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.