Chartered Tax Advisers & Accountants


New Year’s resolution – get your tax paid on time!

Published On: 04/01/2018

Everyone here at M&S Accountancy and Taxation hopes you have had a relaxing festive break and a great New Year. In Scotland, we have lots of traditions associated with Hogmanay, usually involving having a great time with friends and neighbours...

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Published On: 15/12/2017

Amidst the headlines of all the new tax rates and who will and won’t be better off, there probably won’t be many who will feel too much sympathy for tax advisers.  However following the changes announced yesterday, those of us advising Scottish taxpayers will now be dealing with one of the most complex tax systems in Europe.

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Tax Thresholds

Published On: 15/12/2017
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Scottish Budget 2017

Published On: 14/12/2017

This afternoon, the most significant changes in recent times to the Scottish Income tax system were announced.  These were much wider ranging than anticipated and will, in addition to having a direct impact on the finances of Scottish taxpayers, undoubtedly add a huge amount of complexity to the calculation of tax liabilities for many of our clients due to the way these new rates will interact with other taxes that are still under the direct control of the UK Treasury.

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Sometimes, HMRC isn’t what it appears to be…

Published On: 04/12/2017

I got a scam email the other day.  It’s shown below.  On the face of it, this looks like it might be real.  The colours used, the tone, the language; they all seem plausible.  Then there is the promise of a rebate from HMRC, not too large so as to seem obviously a scam, but just a couple of hundred pounds, an amount that would make a nice difference, especially with Christmas coming up.

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Autumn Budget 2017 - At A Glance

Published On: 24/11/2017 Read more

Autumn Budget 2017 - For What It's Worth!

Published On: 24/11/2017

As announced earlier this year, there will now only be one Budget each year (instead of the 2, and sometime 3, fiscal events that have been experienced over the years).  We expect future budgets may contain a bit more detail on tax.  On a positive note, we now know what will be the position for the rest of this tax year, as well as certainly the first half of the 2019 tax year.  However, despite the significance of being the only budget for a 12-month period, the Chancellor played it fairly safe. 

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Autumn Budget 2017 - A Lesson Learned?

Published On: 22/11/2017

Following the debacle of the March 2017 Budget and the shredding of election promises, in this historic first Autumn Budget, the Chancellor went out of his way to avoid any potential pitfalls.  Indeed he may even have felt that it was bit of crowd pleaser with announcements, amongst other things, on more money for the NHS, tackling some of the perceived tax abuse by the multi-nationals, higher tax thresholds and help for first time buyers.


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Thank You!

Published On: 08/11/2017

We would like to say thank you to everyone who attended our free Fife Business Week seminar earlier today on How To Pay Less Tax.

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Research & Development (R&D) Tax Relief – Worth The Hassle?

Published On: 01/11/2017

R&D Tax Relief is available for more companies than you may expect and can result in significant tax savings and refunds for successful claims.  In the year to 31 October 2017, some of our clients have claimed R&D tax credits amounting to just under £2 million.  So we believe the answer is yes although we acknowledge that not everyone will qualify.  To know if it is right for your company, you should consider the following.

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