Read our latest Practice News as well as sector specific and accountancy updates from across the UK.
In recent years many companies have been preparing and filing ‘small company accounts’ under a Financial Reporting Standard for Small Entities (FRSSE). However for financial years beginning on or after 1 January 2016, FRSSE has been withdrawn and small companies, which qualify as ‘micro-entities’, have a new choice: to use the same accounting standard – […]
The draft Scottish Budget for 2017/18 was announced on 16 December 2016 by finance secretary John Swinney. This draft budget will operate for the first time under the Fiscal Framework established in support of the Scotland Act 2016. This is a material change in the financial responsibility of the Scottish Parliament as it marks the […]
From left: Brian Simmons, Joyce Freeman, Brian Tait, Anthony Hogg, Derek Simpson, Tommy Wilson Greaves West & Ayre is celebrating the long service of six of its much-valued members of staff. They have each spent their entire working careers at our Berwick-upon-Tweed offices. So, what has kept them there? They all admit to enjoying their […]
It is now approaching the peak season for finalising and submitting tax returns to HMRC for the year ended 5 April 2016. With this in mind, if you have not done so already, please provide your dedicated member of our tax team with the information that they require to ensure your affairs are brought up […]
There has been an increase in the rate of tax on loans to ‘participators’ from 6 April 2016 meaning it will be more costly for the company to make such loans. Changes to the personal tax regime from 6 April 2016 have meant that the receipt of interest by shareholders on loans they have made […]