Scholes Chartered Accountants

Your first audit is often a sign that your business has reached an important milestone. As your business continues to grow, processes that once worked well can come under greater scrutiny. Businesses that handle their first audit best prepare well in advance and resolve potential issues before fieldwork begins. Learn more in Karen Scholes’ latest article: https://ow.ly/3iv150ZpYeQ #Audit #AuditService #Edinburgh #Aberdeen #Lerwick #Kirkwall #BusinessAudit

Looking to expand your UK business internationally, but unsure how to navigate the financial and practical challenges? Our experienced team is here to support you every step of the way. Whether you're exploring opportunities in Europe, North America, Asia, or beyond, we'll provide the guidance and expertise you need to grow your business with confidence. We can help you: • Understand and assess the business environment in your target market. • Identify and arrange meetings with potential partners, investors and key contacts. • Access expert advice on the latest opportunities and incentives available. • Build strong, effective working relationships from the outset and throughout your international journey. • Navigate the financial, regulatory, and operational aspects of overseas expansion. • And much more. We also support international businesses that are looking to establish and grow their presence in Scotland. If you'd like to find out more about how we can support your international growth ambitions, visit our International Accountancy Services page: https://ow.ly/a6hh50ZoNE3 #InternationalAccountancyServices #InternationalAccountancy #InternationalBuinsess #BusinessGrowth #AccountingServices

No more annual tax return with MTD… right? Kayleigh Tipper tackles this common misconception. Myth #7: MTD replaces your end-of-year tax return. You’ll still need to submit a final return. Here’s why. Watch the full video here: https://ow.ly/411250ZcGSa

Did you know we offer a comprehensive range of professional services designed to support both individuals and businesses? Our experienced team provides expert guidance across a variety of areas, helping you navigate complex financial and business challenges with confidence and peace of mind. From tax planning & advisory services and international accounting support to audit planning, business growth strategies and much more, we're here to deliver tailored solutions that meet your needs. Discover how our expertise can help you achieve your goals and overcome challenges with confidence. Learn more about our services here: https://lnkd.in/eie9wUyP #ScholesCA #BusinessSupport #TaxPlanning #AccountingServices #BusinessGrowth

Does MTD mean paying tax more often? Kayleigh Tipper explains how payments actually work under Making Tax Digital. Myth #6: Quarterly updates mean quarterly tax payments. Spoiler: That’s not the case… find out how it really works. Watch the full video here: https://ow.ly/YW6L50ZcGP2

HMRC launches consultation on modernising the taxation of distributions and returns of capital The Government has launched a consultation to review aspects of the UK's distribution tax framework, much of which has remained largely unchanged since 1965. Key areas under consideration include: ✅ Returns of capital and distributions ✅ Share buybacks and demergers ✅ Loans to participants While the proposals are primarily focused on individual and trust shareholders, any changes could have wider implications for business owners, shareholders and advisers involved in corporate restructurings, succession planning and profit extraction strategies. With the consultation now underway, it's important to understand what is being proposed and how the changes could affect future tax planning decisions. Read our latest article for a detailed breakdown of the consultation and its potential impact: https://ow.ly/EWgs50ZiGWb #HMRC #Tax #CorporateTax #TaxPlanning #Accounting #Finance #TaxAdvisory

Don’t need to register for MTD? You might want to double-check… Kayleigh Tipper clears up another misunderstanding about eligibility. Myth #5: You can avoid registering if your income changes. Even if your income drops, you may still need to register. Watch the full video here: https://ow.ly/x8Vs50ZcGOM

We had a fantastic day attending the Taste of Shetland event! It’s the perfect opportunity to experience some of the finest food and drink Scotland has to offer, with a real sense of community as local chefs and the public come together to showcase their creations. It was a pleasure to meet so many great people and sample such incredible flavours! #TasteOfShetland #ShetlandFoodDrink #ShetlandEvent

Has everything moved to cloud-based software with MTD? Kayleigh Tipper explains what’s required to stay compliant. Myth #4: You must use cloud-based accounting software. The key is compatible software, with loads of options to pick from! Watch the full video here: https://ow.ly/Qisp50ZcGMo

We're proud to be independent! At Scholes, we thrive on delivering outstanding service through integrity, hands-on expertise, and local insight, supporting businesses across Scotland and beyond. With offices in Kirkwall, Edinburgh, Aberdeen, Laurencekirk and Lerwick, our people work closely with you and your team to get to know what your firm needs. We are committed to you while staying true to the values that have shaped us as an independent business. Meet the team: https://ow.ly/SkLe50Zfz7e #Accountants #IndependentBusiness