d News | Strathmore Accountants

Inheritance and tax

As a general rule, an individual who inherits property, money or shares is not liable to pay tax on the ...

Labour win landslide election result

As had been widely predicted, the results at the polls have seen the Labour Party back in power after 14 ...

Exit plans

Exit can be seen as quitting, especially if the exit discussed is your business interests. But actually, business exit planning ...

New government

Our new government, and in particular, Rachel Reeves, the new Chancellor, will be responsible for raising the funds that our ...

Statutory redundancy pay

If you have been in the same job for two years or more and are made redundant you will usually ...

Claim full expensing or 50% FYA

Full expensing allows for a 100% first-year capital allowance for qualifying plant and machinery assets and came into effect last ...

Late night taxi for an employee

There is no specific requirement for employers to provide employees with transport home. Nevertheless, an employer has a duty of ...

Income Tax in Scotland

The Scottish rate of income tax (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish ...

What your tax code means

The letters in your tax code signify your entitlement (or not) to the annual tax free personal allowance. The tax ...

CGT Incorporation Relief

Where a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to ...

Extracting profits from a small, limited company

It is pretty much universally accepted that shareholders (usually directors) of small companies take out their remuneration as a small ...

Translation

If you receive documents from overseas customers or suppliers and you need to translate text into English, have you used ...