News

Latest news releases and FAQs

News and useful information on tax and business issues.

Christmas Closing

We will be closing at the end of the day on Thursday 23rd of December and reopening on Wednesday 5th January. Have a great Christmas and a Happy New Year.

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Budget 2021
HMRC

October 21 Budget Update

On 27 October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review. Many of the spending announcements had already been leaked to the Press prior to Budget Day and arguably a lot of it was not new money. The Chancellor did however manage to keep a few surprises back for

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5% VAT
HMRC

5% VAT Ending For Tourism and Hospitality

VAT rate change on the 1st of October The temporary 5% VAT rate that has applied to supplies made in the tourism and hospitality sector since the start of the pandemic comes to an end at the end of September. The rate then increases to 12.5% from 1 October until 31 March 2022 when it

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history of edinburgh accountants
News

A History of Edinburgh Accountants

When we started Sutherland Black 15 years ago, I had no clue that we had a direct link to a long line of Edinburgh Accountants. In a bizarre twist of fate, I discovered that my great great great grandfather was involved in one of the first professional accounting bodies in Edinburgh that later contributed to

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xero benefits for small business
Small Businesses

Xero benefits for small businesses

What is the benefit of Xero accounting software for a small business? Over two million people worldwide use Xero cloud accounting software. Xero benefits for small businesses include online access from anywhere, unlimited users, data security, and integration with hundreds of other apps. Small businesses can access state-of-the-art online software for a small payment per

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what can accountant do for a limited company
Limited Companies

What can an accountant do for a limited company?

We have come across quite a few people over the last 15 years attempt to do their limited company accounting themselves to save a small amount of money on accountancy fees. While it may be sensible if you are a sole trader to learn how to do bookkeeping and file your tax returns, trying to

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