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Can millennials be successful entrepreneurs?

January 22, 2018

As an accountant I’m keen to spot new business talent. Where better to look than within the new crop of entrepreneurs hidden amongst the 12 million millennials, living in the UK today? Not everyone agrees with me. LinkedIn is peppered with articles branding millennials as easily distracted, obsessed with smartphones and lacking the ability to…Read More

How success in business is a marathon not a sprint.

January 5, 2018

  My resolution this year is my biggest personal challenge to date – complete the London Marathon to raise funds for Action for Children. My marathon journey has striking similarities to advice I give clients developing a business plan. To succeed you need a vision, objectives and a goal. To reach your goal and make…Read More

Snap and go. Iris launch easiest app to manage accounts on the go.

December 6, 2017

Small business owners are time poor and desperately need to manage business on the go to stay on top of the paperwork. Iris Snap App is the solution.   Whether you are plumber moving from one job to the next or a consultant travelling from meeting to meeting you watch the receipts pile up, invoices…Read More

Win more local customers this Christmas.

November 28, 2017

Businesses are at the height of the busiest time of year and looking to make money and gain new customers. Marketing teams speed into overdrive with Black Friday, Cyber Monday, and never ending discounts.   Don’t forget Small Business Saturday. Small Business Saturday (SBS), is a business initiative to support independents. It was set up to…Read More

Are you GDPR ready or burying your head in the sand?

November 20, 2017

  A zero tolerance directive from the EU is coming into force on the 25th of May 2018. It’s the General Data Protection Regulation (GDPR) and will completely change how every organisation, business and charity will manage personal data. GDPR is creating panic among many businesses and some are still not facing the fact they…Read More

How can small businesses challenge big business trends?

August 8, 2017

Every day we hear of global giants like Amazon and Walmart swallowing up the little guys. It’s not all doom and gloom for small businesses. The entrepreneurial spirit is strong and small businesses are bucking trends and shaping up to be the future business giants. How can small businesses make their mark? The fact small…Read More

Expats Buy to Let tax relief changes

July 26, 2017

Essential things Expats need to know about Buy to Let tax relief changes An estimated 5.5 million UK residents are living and working abroad. For many expats this brings exciting opportunities, cultural experiences and can be highly lucrative. Maintaining links, however, with the UK many expats are finding themselves caught in the net dealing with…Read More

Payments on account

July 4, 2017

What you need to know Payments on Account and how to pay HMRC Business can be quieter during the summer period. It’s tempting to make the most of time and focus on pipeline business or even clearing out in-boxes or dusty filing cabinets. HMRC, however, never slows down and there’s another deadline looming for self-assessment…Read More

Company car versus cash?

July 3, 2017

Company car versus cash? That’s the question. What’s the answer? Tax rules applying to company car changed and are increasingly more complex. Since April 2017, employees can choose between company cars or cash allowance. Making it more difficult to decide between driving a new car out of the showroom or taking home a cash allowance.…Read More

P11D

May 30, 2017

The simple guide to understanding P11D Forms and Benefits in Kind As accountants the most common question we’re asked by the self-employed, company directors, and employees is ‘What expenses can I claim?’ With the P11D submission deadline fast approaching it’s worth dedicating a blog to P11D forms and to explain the difference between Expenses and…Read More

Avoiding HRMC Red Flag

April 24, 2017

3 ways to avoid HRMC Red Flag against your business With HMRC’s move to Making Tax Digital and the growth of a cashless society you’ll soon be expected to account for every business transaction made. If you can’t you could face a gruelling HRMC investigation triggered by a red flag. A red flag is triggered…Read More

Scottish Income Tax Changes

March 7, 2017

Scottish Income Tax changes fair or unfair? Following historical vote, in February, Scotland has new Income Tax rates. For the first time in Scottish Parliament’s history MSPs passed measures setting income tax rates and bands in Scotland. This is natural progression following Scottish Devolution on 1 of July 1999. Not all is a simple as…Read More

Making Tax Digital

February 21, 2017

#Making Tax Digital. Anyone ready? #Makingtaxdigital, is the HMRC hashtag of the moment. Quick search on Twitter brings up links to key facts and the time line for the imminent changes to how HMRC, accountants and tax payers will interact, exchange information and keep all records on compatible software. Join the Twitter debate and you’ll…Read More

Power of Attorney

January 31, 2017

What you ought to consider about the role of Power of Attorney in Scotland? Nothing is certain in this world. That includes our health and wealth. Today I’m not talking just about financial health. Instead I’m talking about the vulnerability of mental and physical health as well as managing your financial affairs. It remains very…Read More

Bookkeeping

January 16, 2017

The top 3 things bookkeeping for SMES taught me and questions to ask your bookkeeper   By Heather Shields: Payroll & Bookkeeping Expert, Murrison & Wilson Having worked for a number of years specialising in bookkeeping, payroll and auto enrolment for both large enterprises to SMEs has taught me 3 points worth sharing to help…Read More
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