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By Armstrong Watson

13th July 2023

Tips and Tricks – Xero's Magnifying Glass Search Function

Finding specific transactions or details buried within financial data can be a daunting and time-consuming task but Xero's Magnifying Glass Search function provides users with a comprehensive and intuitive search tool to find data quickly.

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By Morag Miller

12th July 2023

Corporation tax rate changes and associated companies

Following the Corporation Tax rate increase on 1 April 2023, the rate of tax a company now pays now depends on its level of profit and whether the company has any “associated companies”. It is therefore important to understand how the status of an associate company is determined.

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By Elaine Wilcox

12th July 2023

Should I set up an Employee Ownership Trust?

If you’re looking to pass on ownership of your company you might want to consider setting up an Employee Ownership Trust (EOT).

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Campsite with tents

By David Threlkeld

11th July 2023

8 things for farmers to consider about pop-up campsites 

Pop-up campsites can now legally operate for up to 60 days per calendar year. If you're looking into this area of diversification there are some things to consider. 

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By Richard Woolgar

10th July 2023

Xero user news – Xero is retiring WorkflowMax

Xero has announced the retirement of its WorkflowMax software, which has left users seeking alternative solutions for project and workflow management needs.

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By Richard Woolgar

7th July 2023

Xero user news – New foreign currency reports available

With live currency integration and automatic conversion functionality, Xero’s premium subscription makes it easy to process data in multiple foreign currencies and they have recently released updates to Xero’s foreign currency reporting capabilities.

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By Armstrong Watson

4th July 2023

Scottish business confidence increasing but lagging behind the rest of the UK

We have recently seen the publication of the ICAEW Business Confidence Monitor (BCM): Scotland for Q1 2023 and the Royal Bank of Scotland (RBS) Scotland PMI for April 2023, both of which highlight that while business confidence in Scotland is increasing, it is lagging much of the rest of the UK and continues to remain in negative territory.

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By Keith Johnston

4th July 2023

Compulsory purchase of land and Capital Gains Tax

Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues. 

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By Jonathan York

4th July 2023

Should I set up a trust?

Trusts have become something of a political football in recent years and their use is often called into question with the implication that by putting a trust in place, the motives for doing so, are driven by tax avoidance and the wish to be not transparent about the ownership of the assets.

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By Richard Woolgar

2nd July 2023

Changes to HMRC penalties and interest

New penalties for submitting VAT returns or paying VAT late came into effect on 1‌‌‌ ‌‌January 2023, and in the last month, we have started to see HMRC issue penalty correspondence to our clients.

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