Rushed decisions on IHT liabilities could prove costly, writes MARK PRYCE It used to be the case that entrepreneurs and business owners could transfer over their longstanding commercial legacies to the next generation without the fear of a huge cash tax bill on their death. Changes announced by the Chancellor have not only caused widespread […]
Mark Pryce
Get ready for new real-time rules
Changes in payroll reporting are on the horizon and businesses need to prepare, says MARK PRYCE Thousands of Scottish businesses are probably unaware of the implications of new real-time payroll reporting rules that are set to come into force in less than 15 months, in particular the extra cash flow pressures and administrative costs that […]
Avoid a tax hangover at the Christmas party
Businesses treating their staff to a festive party need to avoid falling foul of the legislation and ending up with a tax hangover, writes MARK PRYCE It has been a tough year in many respects so it is only natural that many businesses will want to reward hard-working staff with a morale-boosting Christmas party. However, […]
Be prepared for rising tax bills
Your company may be subject to a sharp rise in corporation tax and smaller allowances, says MARK PRYCE Soaring corporation taxes of up to 25%, shrinking allowances and new advance payment rules will hit more than 40% of Scottish businesses with year ends between December and next March and could seriously affect cash flow and […]