News & Blogs

Q. I have a client who wishes to gift his sole trade business to his son.  No consideration will be paid by the son.  What is the position with the trading stock?  Will this trigger a tax charge? A. If a person permanently ceases to carry on a...

There has been a number of tax changes that have come into effect in April that have consequences for private landlords. The Land and Buildings Transaction Tax Firstly, the Scottish equivalent of Stamp Duty, LBTT is calculated according to the specific price bracket that the property you’re...

At Crunchers Edinburgh, we can provide you with a Fee Protection Service to protect you from the costs that may arise as a result of a Tax or VAT Enquiry from HMRC. An investigation could cost you money even if you’ve done nothing wrong and anyone...

What to do for Auto Enrollment I thought I would add my Pensions Regulator, 1 month to go letter to the blog, to allow you to see what the process is. Remember this is my own staging date yours will be different.   There is now only one...

As Accountants we are always getting correspondence from Companies House.  I thought it may well be worthwhile sharing this letter from Companies House in its entirety, as it gives a useful overview of delivering your Limited company accounts to Companies House. Your Company Accounts are Due...

Every year, all private and public limited companies must deliver accounts to Companies House.  Remember you have to file irrespective of  whether or not you have been trading. When do you file your accounts? Accounts are normally filed at Companies House within a specified time after the...

We all know we should have goals, but how many of us set goals, and I wonder how many of us actually follow through and achieve those goals? The following is 5 reasons why you should set goals:- Firstly, by having set, achievable goals, you...

On the 1 April 2017, the National Minimum Wage and National Living Wage rates for all age bands and for apprentices will increase. Remember mistakes can be costly, and it is a criminal offence to not pay someone the appropriate minimum wage, or living wage. Any...

If you run a business, and employ at least one person, paid via a PAYE scheme, automatic enrolment duties will apply to your business.  Below are the main high level steps that you should consider when tackling auto enrolment.  There are a whole myriad of...

In the Autumn Statement Chancellor Philip Hammond announced changes to the way the VAT flat rate scheme was to be worked.   Current proposed Flat Rate VAT rules to April 2017   Normally a VAT registered business will charge clients VAT on any sales that are made.  This VAT...