Tax Planning
Should I buy or lease a vehicle for my business? As your business grows, you may find you or your team are required to spend more time out on the road. You know you need to add extra vehicles to your setup as you keep expanding, but should you lease or buy a vehicle for […]
Pass on your house free of IHT. The introduction of the residence nil rate band (RNRB) opens up the possibility of leaving the family home to successive generations without triggering an inheritance tax charge. Pass on your house free of IHT The introduction of the residence nil rate band (RNRB) opens up the possibility of […]
Can I employ a family member in my business? How much should I pay them? What are the pitfalls to avoid? Many small businesses, whether incorporated or not, pay family members for working for the business. However, as a recent case shows, it is easy to make mistakes which can prove costly. The case in […]
Dividends provide an opportunity to extract profits in a tax-efficient manner. Extracting profits as dividends Dividends provide an opportunity to extract profits in a tax-efficient manner. As a rule of thumb, it is generally tax-effective to take a salary equal to the primary and secondary threshold for National Insurance purposes or the personal allowance (set […]
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 […]
Types of tax planning open to a business Welcome to our “How to” tax tips series. Every day in September we will be posting a brief “How to” tax tip to enable you to understand a little more about tax and hopefully pay less tax as well. Today’s tip is taken from our “Stress proof […]
Free accounting advice from your Edinburgh accountants
We are a team of award winning Chartered Management Accountants based in Edinburgh. Our handpicked 'A' Team are cloud accounting and tax specialists helping businesses and in the technology, professional services and food & drink sectors across Edinburgh and the Lothians. Your Tech-Savvy Edinburgh Accountants since 2007.
