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
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
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
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
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
Update! As of the 23rd September 2022 it has been announced that the Dividend Tax rise for 21/22 will be reversed for 22/23. 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%
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