Blogs

Taking advantage of the Marriage Allowance could reduce your 2019/2020 tax bill by up to £250 this year. The government introduced the Marriage Allowance scheme in 2013 to give married couples and civil partners income tax relief. It enables them to reduce their 2019/2020 tax…

A number of months ago we put out a blog on our Flat VAT reclaim – this can be found here http://www.grampianaccounting.co.uk/flat-rate-vat-reclaim/. This blog gives the exact details of the appeals we have made, for who and why. Since then we have been wildly successful…

Every day, we read stories about the latest business to suffer from a cyber attack. Businesses install quality security software and password protected servers to guard against cyber threats. However, the weakest link in your IT security could be your employees and the strength of…

The best business managers and leaders create a vision of the future that is compelling and motivates employees to want to achieve it. Great business leaders help the members of their team to connect what they do with the business’s overall strategy and its impact…

Under new rules due to come in on 1 October 2019 builders, sub- contractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT. The measure is designed to combat VAT fraud in the construction…

Team ‘Let’s get Fiscal’ – Grampian Accounting’s Race for Life! For the first time Grampian Accounting will have a team in this year’s Race for Life! Our ladies will be jogging/walking their way round the 5k on 10/06/18 as part of team ‘Let’s get Fiscal’.…

In Feburary the Tax Tribunal case of Christa Ackroyd Media Ltd vs HMRC was reported. This was a company set up by a TV presenter to supply her services to the BBC. In this case it was held that the IR35 personal service company rules…

What are payments on account, why do you have them and can you reduce them? Whether you are completing your first ever tax return or you have been completing them for years – a lot of people find themselves completely caught out by HMRC’s policy…

The new tax year means that many directors of family companies will be considering the most tax efficient salary method for paying themselves. For many years accountants and tax advisors have suggested that director/shareholders should extract profit by paying themselves a low tax efficient salary…