Sutherland Black Accountants Scotland

News

Latest news releases and FAQs

News and useful information on tax and business issues.
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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Limited Companies

Dividend tax rise along with National Insurance rise

National Insurance rise It may have been easy to miss with all the hullabaloo about the National Insurance rises, but dividend tax is getting raised too. The broad details of the 1.25% raise to Employee and Employer from April 2022 are here. The government have not yet released exact details on how this will be

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furlough
Covid19

Furlough is dead

September is the last month for furlough claims The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the employee’s

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