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By Karen Rae

12th March 2025

Changes ahead for Scottish charities

Scottish charities will soon be asked to provide more information to the regulator as the final phase of changes under the Charities (Regulation and Administration) (Scotland) Act 2023 are due to come into force.

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By Rich Cowell

12th March 2025

Airbnb, Amazon, Vinted and Etsy sellers – have you registered your ‘side hustle?’

Individuals receiving additional income from side hustles are being urged to report to HMRC if they bring in more than the annual Trading Allowance, which allows individuals to earn up to £1,000 additional tax free income each tax year.

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By Justin Rourke

12th March 2025

Fighting ‘the family farm tax’ with good financial planning

Life insurance could provide alternative proceeds to pay an IHT bill and preserve the farm and farm assets to pass to the next generation. It can also play an important role in the continuation of the business during your lifetime. 

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By Steve Williams

10th March 2025

The new charity SORP – get ahead of the game now

Two key changes to the Charity SORP are income recognition and leases - two of the biggest amendments to UK accounting in recent years – and will impact how charities report their financial activities from 2026.

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By Stephen Green

5th March 2025

6 things to look out for when undertaking financial due diligence on the acquisition of a law firm

While there may have been a time when financial due diligence was performed ‘in-house,’ it is now almost unheard of for a legal sector transaction not to have external financial due diligence. Here are 6 things to look out for when acquiring a law firm. 

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By Becky Fraser

5th March 2025

BlueCrest case highlights importance of LLPs’ compliance with Salaried Member Rules

A significant legal development has once again highlighted the need for Limited Liability Partnerships (LLPs) to carefully consider HMRC’s Salaried Member Rules.

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Computer on a desk

By Rebecca Wilson

3rd March 2025

Growing cyber security risks facing the Legal Sector

The Legal sector is increasingly vulnerable to cyber-attacks. With law firms handling vast amounts of sensitive client information, including financial records, intellectual property, and confidential case details, this makes them a prime target for cybercriminals seeking financial gain or competitive advantage. 

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By David Threlkeld

27th February 2025

Changes to proposed IHT reforms seem unlikely following talks

Alternative proposals to reform IHT reliefs were again put forward to treasury officials and a DEFRA minister at a meeting with industry groups. It is claimed such proposals would raise almost the same amount of revenue as the Chancellor’s plans, however, unfortunately, it seems they were dismissed.

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By Ed Connell

26th February 2025

The risks of overtrading and how to avoid them

Overtrading occurs when a company expands its sales volume but does not have adequate resources or infrastructure to support such growth, posing risks to the business. How can these risks be avoided? 

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By Dan Cozens

25th February 2025

File your self assessment tax return early

It is never too early to complete your self-assessment tax return. In fact, as soon as the tax year ends you can submit your tax return. Leaving it until the last minute can lead to increased stress and anxiety, errors and omissions not to mention potential delays and penalties.

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