Latest News

Jul 19 2017

HMRC to use PAYE information to make in-year adjustments

Categories: Taxation

From July 2017, HMRC will start to use PAYE information to make in-year adjustments to taxpayers tax codes in real-time. This will avoid both under and overpayments from occurring by the end of the tax year. Taxpayers will be notified when the right tax is not paid and, through their Personal Tax Account, HMRC will more

Jul 14 2017

MTD Update

Categories: Taxation

Following it’s removal from the Finance Bill earlier in the year, the treasury has issued guidance as to its revised plans for Making Tax Digital. Under the original plans, businesses and landlords with turnover in excess of £10,000 would have been required to submit mandatory quarterly reports. With those who are VAT registered commencing from more

Jun 30 2017

New appointment for our Glenrothes office

Categories: People

A new Manager has been appointed within our Glenrothes office. Michael Stephenson (30) joined the firm from PricewaterhouseCoopers (PwC) on Monday 19 June 2017. Michael qualified as a CA in 2012 and joins us as an Audit Manager having worked with PwC since embarking on his ICAS training in 2009. He was originally based in more

Jun 29 2017

Free seminars take businesses to the cloud

Categories: Amber Accounting

Fife businesses are being invited to free drop-in sessions highlighting the benefits of Cloud accounting. In the near future, it is expected that most businesses, including sole traders and landlords, will be required, by law, to submit accounting information quarterly via computer software rather than manually once a year. Although the finer detail of the more

Jun 21 2017

Property & Capital Allowances

Categories: Construction

You can claim capital allowances when you buy assets that you keep to use in your business, eg equipment, machinery, business vehicles. These are known as plant and machinery.  In most cases you can deduct the full cost of these items from your profits before paying tax using the annual investment allowance.  It is normally straight forward to more

Jun 19 2017

Our former partner, Keith Hopkins awarded an MBE

Categories: People

We are delighted to announce that our former Partner, Keith Hopkins was awarded an MBE in the Queen’s Birthday Honours list for his services to charity and the local community. Keith and his wife Mary have lived in Kirriemuir since moving north from Kent in the late 1970s, in order to open the very first more

Jun 9 2017

£10 million tax savings secured for EQ clients

Categories: Taxation

Our specialist R&D team of six handle over 50 claims each year, and have achieved over £10 million of tax savings for clients throughout Scotland during the last six years, including those working within food and drink, manufacturing, engineering, software development and design sectors. The amount of claimants of R&D tax credits has rocketed in recent more

Jun 2 2017

Is your business structure in order?

Categories: Healthcare

When a dentist starts a dental practice or restructures an existing dental practice, you’d think there would be an industry standard when it comes to what type of entity should be formed and how it should be taxed. But there are many nuances and considerations that well respected tax and legal professionals differ on when more