Accountancy Blog | Scholes Chartered Accountants

Social care levy and other tax rises announced todayNew loan scheme for Scotland's farmers and croftersVacancy: accountant - apply today!Making Tax Digital for income taxScholes CA shortlisted in national awardsCustomer service in a digital worldPassing assets to minors on death: a case studyHMRC publishes Capital Gains Tax stats for 2019/20Work from anywhere policiesUseful health and wellbeing appsScholes CA strengthens boardSME owners frustrated by finance optionsPension freedom age to rise to 57 for tax free withdrawalsThe tax benefits of pension contributionsSimplified reporting for self employedDeveloping the next generation of leadersDisclosures under Let Property Campaign falterWhat is crowdfunding and how does it work?Coronavirus: SEISS 5th grant - who can apply?Closing the dealFreeports and green portsSocial enterprise salon supports young people toward a brighter futureHow to pivot your business strategyCoronavirus: an update on furlough grantsVacancy - accountant - apply now!Does social media marketing actually work?New penalty regime for income tax and VATManaging mental health in the workplaceCoronavirus: Self Employed Income Support Scheme fifth instalmentPaying PAYE quarterly instead of monthlyHow non-UK resident landlords are taxed on UK property incomeHow to get a tax refund quickly using the new enhanced loss relief rulesUsing employee ownership to build a great businessBookshop: How Crypto is Taxed in the UKCryptoassets: negligible value claimsCryptoassets: companies engaged in trading, mining or stakingManaging your diary with CalendlyCryptoassets: an introduction to Corporation TaxBusiness cars and vans - claiming capital allowancesCryptoassets: Stamp TaxesCryptoassets: CGT and "pooling"Attracting talent in today's marketCryptoassets: allowable expenses for CGTHow to declare tax if you are mining Helium (HNT)Cryptoassets: pension contributionsCryptoassets: inheritance taxLeadership in the "new normal"Cryptoassets: capital gains tax disposalsCryptoassets: an introduction to capital gains taxCryptoassets: income tax lossesCryptoassets: income tax and airdropsCryptoassets: how is crypto mining taxed in the UK?Cryptoassets: am I taxed if my employer pays me in tokens instead of cash?Cryptoassets: trading or investing? Income Tax or Capital Gains Tax?Scholes CA joins MGI WorldwideAssociated companies and the new UK corporation tax ratesMaking Tax Digital extended to more businessesMergers & acquisitions - an overview of the processCryptoassets: which taxes apply to individuals?The capital allowances "Super Deduction" - it's all in the timingCryptoassets: trading is not gambling, says HMRCCryptoassets: record keeping for tax purposesCryptoassets: consensus, proof of work and proof of stakeCryptoassets: an introduction to walletsWorking safely during coronavirusCryptoassets: public and private keysTax and the Self Employed Income SchemeCryptoassets: are exchange fees deductible for tax purposes?What are cryptoassets?Recovery Loan Scheme - updateSelf Employed Income Support Scheme - updateNew business kit 2021/ 22National Minimum Wage - new rates from 1 April 2021The capital allowances "Super Deduction" - more details emergeUsing Shopify to sell onlineNew personal service company rules start this AprilBudget 2021: the "Super Deduction" Capital AllowanceNew enhanced loss relief rules may result in extra tax refundsBudget 2021 - report and analysisConscious leadershipSpring Budget 2021Edinburgh's Employer Recruitment IncentivesHow to pay your deferred VAT bill in instalmentsUsing podcasts as a marketing toolTax-saving strategies to implement before 5 AprilFeed forward - rather than feedbackVAT schemes for small businessesScottish Budget 2021HMRC waives penalty for late filing of 2019/20 Self Assessment returnsCoronavirus: an update on grant funds, including the Strategic Framework Business FundRetirement planning and the pensions annual allowanceReview of Capital Gains Tax: OTS recommendationsSmall firms in line for business interruption insurance payoutCorporation tax: instalment payment regime for larger companiesMTD for VAT - smaller businesses in the regime from April 2022Vacancy: AccountantTaxable expenses and benefits provided to employees during Covid 19Brexit: trade with the EU from 1 January 2021Year end tax planning strategies 20/21How to spread your January 21 tax bill using HMRC’s online serviceBrexit: opening an office in the EU57 Ways to grow your businessIR35: Overhauling the Off-Payroll Working RulesCapital Gains Tax and the spousal transfer exemptionVAT Reverse Charge for Construction ServicesRecycling Inheritance Tax Business ReliefWhat to do if you can't pay your January tax bill on timeFundamentals of governance, risk and controlCoronavirus: Bounceback Loans extendedKickstart SchemeCapital Gains Tax - reform on the horizon?Coronavirus: Self Employment Income Support Scheme Extension (updated 5 November)Coronavirus: Job Support Scheme (updated 1 November 2020)Coronavirus: Job Retention Scheme extended (updated 5 November 2020)Recovering VAT when purchasing a business carMaximising Inheritance Tax Business ReliefTax relief for the cost of agricultural buildingsHMRC receives Airbnb dataCoronavirus: Restrictions FundVAT domestic reverse charge on construction servicesVAT deferral extensionThe role of trusts in tax planning: an exampleSocial Investment Tax ReliefLocal business sought for new "Dragons' Den style" TV programmeCoronavirus: an update on the Self Employment Income SchemeCoronavirus: Job Support Scheme and other new measuresNow's the time for efficient, secure business ITSustainable Agriculture Capital Grant SchemeRevenue-based loansProperty taxation: allocating profits and losses to property ownersVoIP - what is it, and is it right for my business?Coronavirus: flexible furloughProperty tax: temporary reductions in LBTT/ SDLT/ LTTBookshop: Result!Bookshop: Small Business Financial ManagementCoronavirus: Self-Employment Income Support Scheme reopensTips to improve business performanceVAT DIY Housebuilder's SchemeNegotiating a commercial leaseMaking Tax Digital - new roadmap sets timescale for next phasesBack to work: small business resilience in the Covid-19 eraWorking capital ratios to help you stay in controlAccounting Excellence Awards 2020: Scholes CA shortlistedTemporary VAT reductions - explainedScholes CA launches new online coursesTax changes and other measures announced todayWorking from home: expense allowancesIn celebration of the humble bank reconciliationHow to showcase your company through the directors' reportOut now on Amazon: “Result!”Tips for creating a great business planAccounting for borrowing costsCoronavirus: grant schemes extended for employees and the self-employedCapital Gains Tax: the new reporting requirements for sales of residential propertiesOutsourcing your IT supportCoronavirus: Job Retention Scheme (updated 12 May)Providing assurance to Interreg grant funding programmesCoronavirus: Self Employed Income Support Scheme (updated 4 May 2020)Orkney Islands Council launches first phase of new business support schemeNHS fundraising effort proves successfulCoronavirus: new support schemes go liveCoronavirus: resource hub for small businessesCoronavirus: bounce back loan schemeTax relief for trading losses in the early years of a new tradeCoronavirus: Business Hardship Support FundCoronavirus: how to claim grants under the Job Retention SchemeCoronavirus Self Employed Income Support Scheme - how "trading profits" will be definedCoronavirus: business support (grant) fund - Orkney and Edinburgh (UPDATED)Coronavirus: HMRC update on R&D Tax CreditsCoronavirus: what's the latest on the Coronavirus Business Interruption Loan Scheme?Coronavirus Job Retention Scheme: are directors eligible?Coronavirus: update on welfare benefitsTen reasons to #shoplocalSmall Business Coronavirus Support Guide - proceeds to NHSOut now on Amazon: “Small Business Financial Management”Coronavirus: business interruption loan scheme (CBILS)Coronavirus: tax relief for employees who work from homeCoronavirus: VAT deferralCoronavirus: HMRC Time to Pay - hints and tipsCovid-19 Pandemic Employment PaymentCoronavirus: grant aid for Scottish small businesses in ‘worst affected’ sectorsCoronavirus: guidance from the FSB, ACASCoronavirus: Statutory Sick Pay relief for small businessesBudget 2020Coronavirus: preparing for a crisisElectric vehicles - reduced benefit in kind rates from 6 April 2020Ideas to save tax before the 5 April 20 year endBudget Breakfast eventsScholes CA Website - new Insights sectionCyber Essentials funding for Scottish SME'sAccounting for leases under FRS102Angel Investor Meetup - 27 February 2020Scottish Budget 2020How to use apps to drive efficiency and profitability in your businessECC Business Awards - Scholes CA in the runningAdvance assurance on EIS and SEIS schemesCorporation tax loss relief - options for relieving trading lossesGet fit - with the Cycle to Work SchemeServers: upgrade or replace?Does my company need an audit?The Seed Enterprise Investment Scheme - an Introduction for Entrepreneurs and Angel InvestorsReal world tips for starting a new business in 2020Changes to capital gains tax on private residencesCharitable giving - tax breaksTax exemption for "trivial" benefits provided by your employerDeath and taxes: famous quotes about taxationAngel Investor MeetupsThe dangers of overtradingCGT Private Residence Relief reforms likely to impact "accidental landlords"HMRC warns taxpayers about fraudstersWill a tax expert be preparing your Self Assessment return this year?How Solid State Drives can enhance your IT setupEntertainment costs and your business - make sure you know what you can claimFree to play accounting and finance game "Count FeFe"Government stats demonstrate why small businesses are so importantMileage allowance paymentsDisaster recovery planning - beyond data backupsTax planning for small businesses: popular themesCapacity and product mix: choosing what to make when you have scarce resourcesCommon reasons to use a holding companyScottish charity regulator trials new trustee guidanceTax-efficient savingsAlphabet shares and the family companyPersonal guarantees - an overviewEnterprise Management Incentives (EMI's)Improving the profitability of your farmHow open banking will affect your cloud accounting softwareConstruction industry VAT reverse charge - delay announcedOur top 5 blogs of the past yearTax relief for charitable donationsLocal business Flooers features in HMRC's latest video campaignR&D tax credits for farming companiesCyber insuranceHow many sales do you need to make to break even?Birsay Bay Tearooms features in HMRC video campaignHMRC campaign highlights local efforts to get ready for MTDHow to make cashflow forecasting easier and quickerKey Performance IndicatorsCashflow crisis managementManagement accounts and your business: a free diagnostic toolRenovating your empty home - VAT reliefsAndrew and Ali represent Orkney at the 2019 Island Games£1000 tax allowance for traders and landlords - a little boostTen steps to better management accountsStranraer Skiffie WorldsOrcadian John Walter and the Hudson's Bay CompanySelf Assessment: how the Payments on Account system worksNetwork securityPre year-end financial planning for companiesEmployment Allowance - reforms from April 2020British Accountancy Awards 2019 - Scholes CA in the running againIR35 - what you need to know in 2019Marriage AllowanceBusiness budgeting methodsMTD Ready ChecklistThe Scholes Portal - hints and tips for usersHow to record employment costs correctlyDividends - a quick and easy guideHMRC guidance on the domestic reverse charge for building and construction servicesCommon errors in management accounts - and how to avoid themWhat is a "commercial" vehicle for tax purposes?Common tax-exempt benefitsSelling your Business to an Employee Ownership TrustUpgrade or replace your PC?VAT and payments for unfulfilled suppliesCloud vs desktop accounting softwareLease or buy?Capital Gains Tax on residential property gains - soon you'll have only 30 days to payManaging the financial impact of late VAT registrationHow the VAT domestic reverse charge will impact construction industry operators this yearBuy to let using a limited company: the pros and consUnderstanding stability ratiosData storage - local, networked or cloud?Understanding efficiency ratiosOur Edinburgh office gets a faceliftUnderstanding working capital ratiosFinancial reports that look... pretty good, actuallyWhat is deferred tax?Why is my taxable profit different to the profit shown in my accounts?Directors' loan accountsCashflow: 30 suggestions to improve your small business's cashflowMaking Tax Digital for VAT - who, what and how?Taxable benefits: business cars and vansShould a server be serving your business?Tips for small business budgetingUnderstanding profit marginsTrading with the EU? Act now to get an EORI numberReturn on capital employed - what it is and why it mattersInheritance Tax: some key exemptions and reliefsTax efficient rewards for employees: our top fiveLeadership: common challenges and considerationsVAT registration and late registration issuesHow to make your business more digitalIntegrated reporting and forecasting with FutrliTax planning strategies 2018/ 19Making Tax Digital for VAT: act nowNational Insurance and the State PensionSearch engine optimisationTax aspects of dissolving the small companyAvoiding an unexpected tax billMaximising your return when you sell your businessBrexit: VAT implicationsStrengthening your company's balance sheetVacancy: IT TechnicianInternal controls for the small businessFrosts Chartered AccountantsBuy to let mortgage interest relief restrictionSelf Assessment - the penalty regimeThis January, give your business a financial workoutChristmas & new year opening hoursOpen banking explainedScottish Budget 2018Our top business websitesFSB Small Business Index Q3 2018Business growth metricsThe Scholes CA PortalArtworks of the EarthShould I raise or lower my prices?Business entertainment - tax considerationsUnderstanding your business problemsOur most read blogs of the last 12 monthsConstruction Industry Scheme contractor? Check if you're eligible for gross payment status.How ratio analysis can help you manage your businessQuickbooks MTD accreditationInexpensive, super flexible phone systems: why businesses choose VoIPBudget 2018: Structures and Buildings AllowanceBudget 2018: IR35 Off-payroll workingBudget 2018: Entrepreneur's ReliefBudget 2018: R&D Tax Relief for SME'sBudget 2018: Private Residence Relief - changesBudget 2018: Temporary increase in the Annual Investment AllowanceBudget Report 2018Digital Tourism InsightSmall business valuation - an overviewCould your business survive a disaster?Popular tax-free benefits for employees (including employed directors)Assessing competitive forcesBusiness asset rollover reliefAdvanced Business Mileage Tracker launched on the Scholes CA AppQuickbooks for Self Employed WorkersSmartphones - getting a good grip on your businessTax relief for interest on qualifying loansMaking Tax Digital for VATEnterprise Investment SchemeKeen for keyboards?Latest Making Tax Digital survey reveals lack of preparedness among small businesses across the UKBritish Accountancy Awards 2018Business growth strategiesForget me not? Potential solutions to those password problems.Venture Capital Trusts - what are the tax benefits?Pricing strategies and the product lifecycleGet on top of your cashflowHow to stop your business records getting in a messWhy people are loving the new Scholes CA AppWhy small companies can benefit most from Research & Development Tax CreditsWhy have a shareholders' agreement?Printing - laser or inkjet, which is best?Tips for business startupsTax relief on the farmhouseWhy lunch at your desk may be a bad ideaFive basic tax planning tips for small businessesWill Apps replace websites?Save time on decisions thanks to key financial calculators in your Scholes CA AppBudgeting for your small businessThe fight against phishingHow to convert currency the easy way with your Scholes CA AppWhat should I put in my business plan?Electric vehicles - what are the tax incentives?Understanding cost drivers in your small businessFive ways cloud accounting software can benefit your small businessQuickbooks Add-onsHow to keep track of your mileage with the Scholes CA AppBusiness risk management and internal control for small businessesAn overview of Self Invested Personal PensionsCould having a second computer monitor save you time and money?We're in the final of the British Accountancy Awards 2018!Building contractors VAT reverse chargeDo your customers get good WiFi?The Storehouse RestaurantWhy business owners need to face up to the challenges of mobile and smartphone growthDebt vs equity funding - what's best for my small business?Managing your receiptsThe pros and cons of trading through a limited companySeven steps to effective meetingsHow to close Apps in iOS on the iPhone, iPad or other iOS devicesHow to get the most from your teamUzbekistan Entrepreneur Researches Orkney BusinessesTax relief for expenditure on buildingsOut now - the Scholes CA AppOpen a business bank account in 5 minutes - without even leaving the houseFinance options for entrepreneursHow to (nearly) halve your corporation tax billGetting paid - what to do when things go wrongHow to start up at low (or even no) costImprove your small businessGrow your business... with benchmarkingDiscounted membership of the FSB with Scholes CAUseful apps and other online tools for the small businessFinance Basics Course - your FeedbackScholes CA Handpicked as a Leading UK FirmMaking Tax Digital - an updateVacancy - Graduate traineeGrant support in OrkneyWhy the cloud is not the only answerEntrepreneur's Relief demystifiedTop tax tips for 2018/19Great reasons to speak to your accountantCould Research & Development Tax Credits benefit your company?Accounting myths and legendsFinancial education for young peopleGrow your business to £1mSharing information using our secure document exchangeThink the top rate of income tax in Scotland is 46%? Think again!Effective decision makingA fork in the roadNow available - tax fee protection serviceWhy bother with a business plan?Financial key performance indicators from a growth perspectiveTax relief for pension contributions made by Scottish taxpayers - new guidanceRaising capital using the Seed Enterprise Investment SchemeSave tax and boost your pensionSelecting the right structure for your start-upOur new reception and meeting roomsChoosing an accountant: why small can be beautifulHow are Bitcoin transactions taxed?Scholes CA Newsletter - February 2018Our survey - your feedbackCould you save tax ahead of the 5 April year end?Tax planning for you and your business - do you need to act now?Vacancies - apply todaySelf Assessment: how to pay your tax bill (and what you can do if you can't)Ten ways to boost your profitsCyber securityBusiness = problem solvingBusiness growth: to buy, or not to buy?Tips to improve your personal productivityScottish Budget 2017Shortcuts for MS Office, Google and SageThe 100 Year LifeThe UK tax gapAutumn Budget 2017 - how was it for you?VAT - the basicsGrow your business... with purposeBackup your dataDoes your business plan need a reboot?Your business needs: our survey resultsMaking Tax Digital is coming - is your business ready?Is your business getting a free performance increase?The General Data Protection Regulation (GDPR)Grow your business... with clear value propositionsCan you control your business's credit profile?Process mapping explainedNewsletter relaunched today!Grow your business... with business process mappingOrkney businesses sign up to the cloudWhat's new with you?The long viewAaron Brough joins the teamHow cloud accounting benefits modern businessesGrow your business... with debt financeGrow your business... with effective working capital managementGrow your business... using the cloudVAT Flat Rate Scheme: end of the road for low cost traders

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