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Campbell Dallas reaps dividend…

£1m investment in new Perth office Next week Campbell Dallas opens a new, larger office in Perth, with the expansion representing an investment of over £1m in the city. The new office will comfortably accommodate the current complement of 40 staff and partners and there are plans to increase staffing to around 50 over the next two years. Campbell Dallas is already the largest accountancy firm in the Perth area. The new office opening is marked by the release of the latest set of accounts, reporting a robust year with turnover rising to just…

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HMRC plans to restrict…

From 1 April 2017, HMRC will put restrictions in place to limit the availability of “VAT-free” adapted motor vehicles for eligible disabled people. Whilst this is perhaps a niche market, it could prove costly to dealerships that don’t take into account the new rules. These restrictions have been a long time coming, as it follows a sector wide consultation carried out in 2014, and what HMRC views as being abuse of the relief. It was found that some people were purchasing numerous adapted vehicles in a single year, removing the adaptations and then selling…

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Are you ready for…

It’s an exciting time for sure, as extra changes to accounting regulations to make things simpler and better are now upon us. In 2016 we saw ‘larger’ entities move to reporting under FRS 102 and now smaller and micro entities must embrace the changes for themselves. So more section numbers and acronyms, but what does it all actually mean?  How might it affect your accounts? The simple answer to all of the above is that it will depend on the nature of your business BUT it’s crucial that you take this seriously and discuss…

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Investing in passion –…

I was watching the Discovery Channel’s coverage of the Barrett Jackson classic car auction from Scottsdale Arizona the other week, and the vast volume of cars going through the auction got me thinking about the popularity of this sector. One of several big players in the US auction market, they hold 4 auctions a year across America, each lasting for around a week. This equates to the sale of over 7,200 cars a year, most of which are sold with “no reserve”. Attendance at these auctions isn’t restricted to your stereotypical classic car anoraks…

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50 Days To Beat…

Businesses have just 50 days to make significant tax savings before new taxes outlined in the autumn statement last year come into force. Late last year the UK Government unveiled some 400 pages of new complex tax law, with many of the new taxes being applied from April 6th. Businesses have a narrow window of 50 days in which to make significant tax savings and minimise the impact by effectively spending now to save later. The 2017 business tax landscape will see reduced reliefs on capital expenditure and an increase in taxes through extensive…

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6 Deals in 6…

The Campbell Dallas Corporate Finance team has reported a brisk start to 2017 after advising on 6 transactions in a similar number of weeks. The deals involved due diligence and lead advisory work on five acquisitions and one sale, with Campbell Dallas acting for corporates, business owners and private equity firms.  The deals were in a variety of sectors including new media, manufacturing, healthcare and business services – both in Scotland and the wider UK, including an overseas purchaser in a sale. Deals included, acquisition of Neva by Fleet Alliance; acquisition of Stevenswood by Polyframe;…

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Is the “gig economy”…

The recent Uber employment tribunal decision has once again brought into focus the subject HMRC classify as “false self-employment”. This particular case only involved two individuals, but the potential repercussions could have significant direct tax and VAT implications for Uber and others operating in the ‘gig economy’. Since the Uber decision was announced there have been a number of similar rulings with further cases to be heard. On a wider scale, the case also once more brought into focus the employment status of those operating via their own companies and the impact of rule…