Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
26 June 2017
Debt recovery – carrot or stick?We are all in business to be paid, whether that is a professional services firm like ours or you are manufacturing widgets. When customers engage, they expect to have to pay for your services or goods and when you have robust credit control procedures you would hope they would pay within your credit terms.
23 June 2017
What is a Members’ Voluntary Liquidation?A members’ voluntary liquidation (MVL) is a voluntary liquidation process by a solvent company allowing the shareholders to obtain the value of the business in cash and instead of being charged income tax on the funds a capital gains tax is applied, meaning a significant saving on taxes.
19 June 2017
Creditor services – make the best of a bad situationUnfortunately, customers and suppliers do fail. It is, if you subscribe to Robert Peston’s view, a positive reflection on the economy as he believes growth doesn’t resume at any great speed until unviable and inefficient businesses are put out of their misery. This is all well and good of course but when you are facing a bad debt from a customer or a supplier failure interrupting your supply chain, the impact on your business can be significant.
Fierce Beer
14 June 2017
National Beer Day 2017: spotlight on Fierce BeerFierce Beer is not for the faint hearted: the Aberdeen craft brewery was set up in 2016 by oil & gas industry veterans Dave Grant and David McHardy who packed in the corporate world to follow their dream of opening a brewery that made weird and crazy beers. We sat down with co- founder Dave Grant to learn more about his brewing journey.
James MacAulay
Technical Manager
14 June 2017
Will your life cover create a big tax bill?Many people are unaware that the death in service they have as a condition of their employment could be subject to a 55% tax charge if they pass away.
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