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Two common problem areas for charities using gift aid

In our latest blog, our Head of Charities, Jenny Simpson, considers two common problem areas for charities utilising gift aid; The gift aid scheme potentially allows charities to boost their income from donations but is not without its pitfalls.  On the whole charities are familiar with the requirement to hold and keep a valid gift…

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Charities and Insolvency

In our latest blog, our Head of Charities, Jenny Simpson, provides some helpful suggestions for Trustees; Trustees give their time and skills freely to the charities they work with, so it is important that they have an awareness of the complexities they face if a charity experiences financial difficulties and potential insolvency.  In extreme circumstances,…

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Wylie & Bisset promotes two long-standing staff members to director level

Wylie & Bisset, Accountants and Business Advisers, has promoted two long-standing staff members to director level. The promotions see insolvency and business recovery team associate director Paul McDougall, with almost 16 years’ service, become a director, and senior internal audit manager Stephen Pringle, with 11.5 years’ service with the firm become internal audit director. Donald…

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Wylie & Bisset advises engineers to apply for R&D tax credits

With Scottish Engineering’s latest survey revealing that rising prices and skills shortages are causing concern among engineering companies, requiring them to consider innovation, product leadership and efficiency drives, Wylie & Bisset, Accountants and Business Advisors, is advising engineering companies apply for R&D tax credits for qualifying projects. Shehzad Ashaq, corporate tax director at Wylie &…

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Charity Fundraising Events Tax Implications

In our latest blog, our Head of Charities, Jenny Simpson, looks at the potential tax implications of fundraising events; It’s a common misconception that charities don’t pay taxes. Whilst there are generous tax exemptions for charities, if they operate out with the available exemptions they can be subject to tax on any profits made. Fundraising…

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Wylie & Bisset wins AiB contract for unprecedented fourth time in succession

Wylie & Bisset, Accountants and Business Advisors, has won a contract with Accountant in Bankruptcy (AiB) for an unprecedented fourth time in succession. An Executive Agency of the Scottish Government charged with administering the process of personal bankruptcy and recording corporate insolvencies in Scotland, AiB is responsible for the determination of personal and entity bankruptcy…

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Wylie & Bisset urges SMEs to react quickly to economic challenges

With business reports highlighting that inflationary pressures and supply chain issues are expected to have a marked impact on SMEs, Accountant Wylie & Bisset is advising business owners to react quickly to these economic challenges. With annual UK inflation on the consumer prices index measure projected to top 10% this year, Mark Mulholland, partner in…

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