Read our latest Practice News as well as sector specific and accountancy updates from across the UK.
A key advantage of trading as a company is that the owners, who are generally both shareholders and directors, only suffer tax and NIC on any profits extracted from the company, so any profits retained in the company are sheltered from personal tax rates. If funds are required to reinvest into the business or to […]
The surprise announcement in the Summer Budget 2015 restricting income tax relief for interest costs incurred by landlords of residential properties became law in November 2015. Any hopes that the Chancellor would change his mind were dashed in the Autumn Statement in December when additional charges to Stamp Duty Land Tax on purchases and acceleration […]
Peter Ayre, one of the firm’s senior partners, retired on 31 March 2016. He has been with the firm since January 1974, having left school in Edinburgh. Peter was born in Berwick and was educated at Holy Trinity, Cargilfield and Fettes. He was actually an employee of the firm when he went to Cambridge for […]
The Chancellor announced in his Autumn Statement in November 2015 that he would be introducing new rates of Stamp Duty Land Tax (SDLT) on purchases of buy to let properties or second homes. Few perhaps realised how much more complicated property transactions may well be as a result. At the end of December the government […]
Berwick upon Tweed benefits from a distinctive local culture and heritage. Perhaps due to the town’s relative isolation from other population centres, there is a real culture of ‘thinking locally’, when it comes to cultural, social and economic activity. Keeping money circulating locally is one way of boosting the town’s resilience in the face of […]