Wylie & Bisset

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

David Meldrum has become the latest member of the insolvency team at Wylie & Bisset to successfully pass his JIEB Personal Insolvency paper. Mr Meldrum has significant experience in both personal and corporate insolvency procedures and consults regularly with solicitors, accountants an

Chartered accountant Wylie & Bisset has joined North Ayrshire Council’s Business Consultancy Framework, under which it will provide a range of financial and data analysis and succession planning support. The framework is an enabling programme that seeks to increase assistance available to&

Chartered accountants Wylie & Bisset has warned UK residents planning to sell a UK residential property that changes coming into effect from 6 April 2020 will see a seismic shift in the deadline for reporting taxable gains thereon and settling any tax (CGT) due. Many UK taxpayers will be aware t

Reports that Eamonn Holmes could be faced with a £250,000 tax bill after he lost a tax case against HM Revenue & Customs has prompted Wylie & Bisset to issue a reminder to contractors and businesses to prepare for the forthcoming IR35 tax legislation changes aimed at tightening existin