David has just taken out a contract on the latest mobile phone. As he uses it mainly for work, he wants to put the cost through his company. But what are the tax consequences for him and the business? Wendy Brown finds out. David was so keen to get his hands on the latest mobile...

Susan has been meeting some business expenses out of her own pocket. But can your company pay you interest for using your own money and is there any tax advantage to doing so? Naomi Swan takes a look. Susan is the sole director and shareholder of a small company. She frequently travels for work and...

From 1st July 2021, employers must now pay part of employees’ furlough wages as the Coronavirus Job Retention Scheme (CJRS) starts to wind down. What do you need to know? Head of Payroll Joanne Gibson advises. For claim periods ending on or before 30 June 2021 you could claim (from the CJRS) 80% of an...

Your company is paying for an electric charging point to be fitted at your home. Both you and your partner will use it as you each have electric cars. But will this count as a taxable benefit in kind and what are the tax consequences if you sell your home? Joanne Gibson advises. The tax...

Company cars continue to be a popular benefit in kind. However, employer-paid-for fuel has a poor reputation for resulting in disproportionately high tax bills. Is this still justified or might it be time for another look? Helen Johnstone does just that. Car versus fuel The calculation of tax and Class 1A NI on company cars...

Inheritance tax (IHT) planning often involves giving away your wealth, but as a business owner business property relief (BPR) can significantly reduce IHT. What can you do to help your estate achieve the maximum relief? Inheritance tax expert Brona MacDougall advises. IHT and business property Where you own a business, or a share of one,...

Since the pandemic began, our charity clients have been asking us if they are allowed to hold meetings virtually instead of in person. To help charities understand what action they must take, our charity expert Kevin Ferguson brings you some useful Q&A’s on the subject in relation to the requirements of the Scottish Charity Regulator,...

Something that many people have discovered during lockdown is that it is possible to work effectively from home. But perhaps you are now keen to create a more permanent work space at home and are thinking of investing in a garden office. What are the key things to consider and are there any tax implications?...

Your company’s financial year ends soon. Despite the difficult trading conditions over the last year the accounts will show a profit. But what steps can you take to legitimately reduce the corporation tax bill? Joanne Gibson advises. Generally, expenses that your company incurs are tax deductible. However, special rules mean that tax relief for some...

Despite the financial pressures caused by the pandemic, the government has gone ahead with the planned extension to tax breaks for environmentally friendly vehicles. What might this mean for your business? Bob Johnstone advises. Businesses wanting to take advantage of the capital allowances (CAs) tax break for environmentally friendly cars and other vehicles have been...