Here's our review of the draft Scottish Budget for 2018/19.
It's been an interesting one to say the least and puts Scotland firmly out of step with the rest of the UK.
More detail to follow but for an overview follow the link...
https://www.taxassist.co.uk/corstorphine/resources/show-budget-report/id/117/
Thursday 14 December 2017
Wednesday 29 November 2017
Looking for a new role? We have a vacancy...
Portfolio (Customer
Service) Manager (£20,000 starting salary)
We are looking for an A+ member of staff to join a team of
15 people at our busy Corstorphine office.
If you've taken the trouble to watch the video you will see
what our customers say about us. We're looking for someone to join our team of
Portfolio Managers. Our PMs are responsible for delivering service so good that
they get similar comments across the board.
The new Portfolio Manager to join our existing team of two
PMs in a fast moving, busy, engaging, sometimes stressful office environment.
As a business we are constantly striving to deliver the very
best in customer service. We are
deadline driven, have lots and lots of clients and are moving from the
traditional view of an accountant to a tech driven company offering business
advice and support.
The team is a dedicated bunch, tight knit and enjoy the
occasional night out! We continue to
grow so are constantly on the lookout for like-minded people to join us.
So, what are we looking for in a Portfolio Manager?
Many, many things. Firstly we need someone who is willing to
learn and learn fast. It's a busy role and knowledge will build up over time -
we understand that - but we need someone who can pick up the baton and run with
it from day one. We have high standards around service delivery and customer
service and we need someone with standards at least as high as ours.
We also need someone with an open mind because we like to do
things differently for the benefit of our customers.
We need someone who is well organised. The role has lots of
elements: our Portfolio Manager's prime responsibility is customer service but
they will also be completing tax returns, looking after payroll for their
customers, making sure information is being chased for at the right time so
deadlines are met without fail.
Then there are inbound telephone calls, emails and general
queries to be dealt with, all within our Service Level Agreements. Oh, and
don't forget Dividend Calculations and other Companies House questions.
Our Portfolio Managers get to know their customers well and
will be looking out for snippets of information so they can proactively pass on
value added services... they will also meet with their customers to sign off
accounts and tax returns.
And finally, our PMs meet with potential new customers, find
out their needs and sell them the right services to meet those needs... at the
right price, of course.
The ideal candidate will have worked in an accountancy
practice and be at least partly qualified. If they haven't worked in a practice
at the very least they will have worked in a busy office environment with a
relentless focus on customer service - if they have been in a workplace that
required them to hit targets so much the better.
They will be accurate in their work (attention to detail is
very, very important) and will be able to prioritise their workload to meet demanding
and conflicting needs.
We have a detailed training plan in place so if all of what
we've covered sounds daunting, don't worry. For the right candidate development
will be provided and we always encourage team members to develop their work
based and theoretical knowledge by taking professional qualifications.
So, to summarise:
The role is busy... it is customer focused; essentially our
new Portfolio Manager will be looking after the ongoing needs of a group of
clients as well as taking the time to build value in their portfolio by
bringing on new clients.
Or, think of it this way, they will have the opportunity to
effectively run their own practice within the safe environment of a larger
business.
Next Steps: In the first instance you should call Richard
Lambert on 0131 202 9888.
We’re looking
to fill this role as quickly as possible and so will be running interviews over
the next couple of weeks.
Interviews will be at our office in Corstorphine and there
will be two of them – firstly a get to know you meeting (we know you’ll be
looking at us as well as us looking at you) and then a more in depth interview
if you are successful through the first stage.
Thursday 15 June 2017
Making Tax Digital
Making Tax Digital... Ever heard of it? Know what it is?
Whether you have or haven't it seems as though you're in good company.
About half the people we speak with have heard something about it and to the other half it's completely new.
So, what is it?
Quite simply Making Tax Digital or MTD, is the biggest change to the way tax is collected since the introduction of Self Assessment more than twenty five years ago. In fact, we think it's bigger because it effects both individuals and companies.
MTD is the government and HMRC bringing the way individuals and businesses report on their tax affairs into the modern age. It brings together all the different ways tax is reported on into one new process.
It is so big that it's being introduced over three reporting periods: April 2018 is the first critical date, followed by April 2019 and April 2020.
Before I launch into a huge explanation of what MTD, how it will work and what we're doing about it I need to make one thing perfectly clear: this is a huge project and timelines might shift and change.
In fact, there has already been some movement - so expect more.
Big Picture first.
HMRC and the government want to modernise reporting of income, expenses and profits because they reckon businesses make too many mistakes. They also want to make the whole process more efficient and help (for 'help' read 'force') businesses to have better information about their finances.
Still big picture.
In essence when the project is fully implemented every business and individual tax payer with untaxed income of more than £10,000 will have to complete a return for HMRC four times a year and then complete a 'consolidating' report as well.
Just a little bit of detail...
If you run let's say a market stall as as sole trader and you make more than £85,000 a year from April 2018 you will have to submit a return of estimated figures cover the period April, May and June by 31st July.
You'll have to do the same again for the period July, August and September by the end of October... and so on.
And you'll have to keep records digitally... and you'll have to submit using government approved software.
At the moment the timescales for implementation look like this:
- April 2018: unincorporated bodies with turnover more than £85,000 will start reporting for Income Tax and NI
- April 2019: all other unincorporated bodies with turnover of more than £10,000 will start reporting for Income Tax and NI and all VAT registered businesses will report for VAT
- April 2020: all companies will report for Corporation Tax
Our message.
This is a huge, even mahoosive, project and details are still a little thin on the ground.
But please rest assured that we're on it. We'll keep you posted and we'll make sure you know exactly what's happening, when, how and even who.
To start the ball rolling here's a link to a video we've prepared which should give you a high level view of MTD:
https://youtu.be/2eVaXroeVbo
Whether you have or haven't it seems as though you're in good company.
About half the people we speak with have heard something about it and to the other half it's completely new.
So, what is it?
Quite simply Making Tax Digital or MTD, is the biggest change to the way tax is collected since the introduction of Self Assessment more than twenty five years ago. In fact, we think it's bigger because it effects both individuals and companies.
MTD is the government and HMRC bringing the way individuals and businesses report on their tax affairs into the modern age. It brings together all the different ways tax is reported on into one new process.
It is so big that it's being introduced over three reporting periods: April 2018 is the first critical date, followed by April 2019 and April 2020.
Before I launch into a huge explanation of what MTD, how it will work and what we're doing about it I need to make one thing perfectly clear: this is a huge project and timelines might shift and change.
In fact, there has already been some movement - so expect more.
Big Picture first.
HMRC and the government want to modernise reporting of income, expenses and profits because they reckon businesses make too many mistakes. They also want to make the whole process more efficient and help (for 'help' read 'force') businesses to have better information about their finances.
Still big picture.
In essence when the project is fully implemented every business and individual tax payer with untaxed income of more than £10,000 will have to complete a return for HMRC four times a year and then complete a 'consolidating' report as well.
Just a little bit of detail...
If you run let's say a market stall as as sole trader and you make more than £85,000 a year from April 2018 you will have to submit a return of estimated figures cover the period April, May and June by 31st July.
You'll have to do the same again for the period July, August and September by the end of October... and so on.
And you'll have to keep records digitally... and you'll have to submit using government approved software.
At the moment the timescales for implementation look like this:
- April 2018: unincorporated bodies with turnover more than £85,000 will start reporting for Income Tax and NI
- April 2019: all other unincorporated bodies with turnover of more than £10,000 will start reporting for Income Tax and NI and all VAT registered businesses will report for VAT
- April 2020: all companies will report for Corporation Tax
Our message.
This is a huge, even mahoosive, project and details are still a little thin on the ground.
But please rest assured that we're on it. We'll keep you posted and we'll make sure you know exactly what's happening, when, how and even who.
To start the ball rolling here's a link to a video we've prepared which should give you a high level view of MTD:
https://youtu.be/2eVaXroeVbo
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