Wylie & Bisset

Chartered accountants Wylie & Bisset have outlined how Scots facing financial hardship as a consequence of the coronavirus pandemic look set to benefit from the country’s second emergency coronavirus bill. The Coronavirus (Scotland) (No.2) Bill seeks to raise the minimum debt thr

Donald McKinnon, managing partner at Wylie & Bisset chartered accountants, participates in our Just a Minute feature. Name:

Chartered accountants Wylie & Bisset has revealed that many GP practices are adopting digital book-keeping systems to access and ensure the timely delivery of accounts during and beyond the coronavirus health crisis. While GP practices receive additional funding from health boards to help them c

Chartered accountants Wylie & Bisset has appointed Laura Smith to the newly-created position of Xero lead to promote the benefits of digital book-keeping to SMEs. Ms Smith, director and head of healthcare at the firm, notes that recent weeks have seen many SMEs adopt digital book-keeping systems

Chartered accountants Wylie & Bisset is adapting to the ‘new normality’ of coronavirus-enforced changes to working life by introducing a series of changes to its business practices to enable it to work smarter for its clients. Donald McKinnon, managing partner at Wylie & Bis

Chartered accountants Wylie & Bisset has cautioned business owners against seeking to borrow their way out of COVID-19 financial difficulties and urged them to engage with financial advisors before rushing to submit a Coronavirus Business Interruption Loan (CBIL) application. While acknowle

Wylie & Bisset is advising sole trader advisors and intermediaries to consider the extended moratorium on debt enforcement of up to six months under the Coronavirus (Scotland) Act. This provides sole traders concerned about a looming risk of financial distress as a consequence of the e

Wylie & Bisset has launched a helpline to deliver free business advice to help steer local businesses through the coronavirus lockdown period. The impetus for setting up the helpline is to assist those businesses that, through no fault of their own, find themselves confronting various press

Chartered accountants Wylie & Bisset is advising professionals and other intermediaries with business clients concerned about financial distress resulting from the current social distancing measures to consider a DAS Debt Payment Programme. A Debt Payment Programme under the Business Debt Arrang

Chartered accountants Wylie & Bisset has said that strong leadership is fundamental if family businesses are to survive the economic impact of COVID-19. Catherine McManus, tax partner, said that there is no doubt that 2020 is going to go down as a unique year in history due to the worldwide impa

Accountants across Scotland have welcomed the postponement announcement by the Treasury of the introduction of IR35 tax changes on off-payroll working. The decision is part of the wider government measures designed to support the economy in light of the coronavirus. It is not to be considered a canc

Jenny Simpson, partner and head of Wylie & Bisset’s charities team, has said that if anyone ever wondered why charities need reserves, then the situation we face with Covid-19 is the answer. Ms Simpson, who was recently re-appointed to the SORP Committee, the advisory committee t

Chartered accountants Wylie & Bisset has said that Rishi Sunak’s maiden Budget speech still leaves many Scots facing the impact of the widening income tax gap. The coronavirus was naturally the focus of much of the Budget, with significant funding pledges for those affected by th

Wednesday’s Budget announced that the income thresholds for calculating the tapered Annual Allowance will increase by £90,000 from 6 April 2020, a move which was broadly welcomed by General Practitioners and members of the NHS Pension Scheme. From 6 April 2020, only those with a total ta

Wylie & Bisset has predicted that tomorrow’s UK Budget will keep us all on our toes. Catherine McManus, head of tax at Wylie & Bisset, said that with a new chancellor picking up the pieces of his predecessor’s resignation just a month ago, and the global economy suffering fr