News & Blogs

Updating your business plan template Remember, your business plan template is merely a tool to help you build a better business, and shouldn’t be thought of as a homework assignment. Good business plans are continually evolving. They should be living documents that you return to on...

New Scottish Tax Rates In April there will be new Scottish tax rates in force.  These separate rates of income tax will apply to you if you live in Scotland. As well as the Scottish basic income tax rates, the Scottish parliament has the power to...

Xero Payroll Year End Guide As Edinburgh Accountants, it only seems like yesterday when we were working all the hours to finalise self assessments.  Since the end of January we experience some respite, before we then have to tackle the closing off of 17/18’s payroll, and...

How to Hire the Right Cloud Accountant for your Business "Outsource your weaknesses." So says start-up guru, Sujan Patel, when advising small business owners to get outside help for tasks like payroll and bookkeeping. And when you consider that 70% of businesses fail due to poor...

Auto Enrolment Contribution Rates By law, on 6 April 2018, Employers are required to increase the amount of their minimum auto enrolment contributions into their staff's automatic enrolment pension to at least of 2% of qualifying earnings. Members of staff will have to pay the shortfall needed to make the total minimum contribution up to 5%, therefore their minimum...

4 Easy Strategies To Reduce Debtors As a small business owner outstanding debtors are a problem that we all face.  We spend money on marketing to acquire the perfect customer, then we try our hardest to ensure that they have the best buying experience.  We finally,...

Student Loan Repayment As a company director, what happens if you have a student loan repayment to make? Normal practice for a company director is to take a minimal salary, say £10,000 via Payroll and PAYE, and the remainder by receiving dividends. What are the tax implications for...

Workable New Year resolutions It’s that time of the year again to look at New Year resolutions – we’ve all made them, and broken them − often before the end of January. There’s something about New Year celebrations that makes us plan for a fresh start,...

Top Reasons Recurring Revenue is a Good Idea Firstly we need to understand what recurring revenue actually is? It's the revenue you can depend on generating, year after year, with a high degree of certainty. It's the repeat business or long-term contracts you've established with clients...