An unincorporated business pays tax on what is known as the `current year basis’. This means that, as a general rule, the profits for a tax year are taxed by reference to the profits for the 12 months to the accounting date that ends in that tax year.
Read moreRelief may be available where you operate your business through a company and you make a loss. The loss may be set against total profits of the current or previous accounting periods or may be carried forward and set against future trading income from the same trade.
Read moreFrom 6th April 2017 you will be paying more tax than your counterparts in the rest of the UK. Or will you? The minority SNP Government required the support of the 6 Green MSP’s to pass the first reading of its 2017/18 budget on 2nd February...
Read moreHow a business owner should summarise their business in 60 seconds
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