Management incentives - Valuation of growth shares

Gig Economy1

By Lyndsay MacGregor, Associate Director, Tax

Over the past 15 or so years, we have seen many hundreds of companies implement equity incentives using ‘Growth Shares’.

Growth Shares are a bespoke solution, such that no two arrangements are the same. However, in general terms, they are a separate class of shares, which only deliver a return at a point in the future (generally on exit) and only to the extent that the value of the underlying company at that time exceeds a pre-determined threshold.

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Posted on 21/07/2017 | 0 Comments

Are you ready for the end of the tax year? Our nine tips for preparing

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The end of the tax year is fast approaching and this is always a good time to ensure your tax house is in order. With this in mind, we’ve put together some top tips for things that you should consider before 5 April 2016.

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Posted on 21/03/2016 | 0 Comments

Budget 2016 goes pop with sugar tax and treats for individuals

Budget folder

 

Few days are met with more anticipation, and sometimes trepidation, than Budget day. This year’s set of announcements were a complex mixture of tax changes, in what will be the first revenue-neutral Budget of this Parliament.

Some gained and others found themselves worse off from proceedings. Among the winners were individuals, savers, higher rate taxpayers, small businesses and oil and gas companies. Those who fared less well were larger businesses, property investors and, potentially, people who like to indulge in a sugary drink.

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Posted on 17/03/2016 | 0 Comments

What next for tax in Scotland?

Income tax blog image

The last couple of years have seen a great deal of change in Scotland – devolution continues to evolve and with the fiscal framework discussions now concluded, more is to come. On top of all this, we have the Scottish Parliament elections looming.

Against this backdrop, many tax practitioners will be wondering: what’s next for income tax rates and council tax in Scotland?

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Posted on 14/03/2016 | 0 Comments

Get ready for SRIT part II: four steps you can take ahead of April 2016

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In my last blog I talked about the introduction of the Scottish Rate of Income Tax (SRIT). I looked at some of the key changes the new legislation will make and specifically what it means for employers.  Let’s not forget however that SRIT applies to all non-savings income, so the self-employed and pensioners will also be affected.

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Posted on 20/08/2015 | 0 Comments

Get ready for SRIT part I: what does it all mean?

SRIT 1

 

So much has happened in British politics over the last year that it would be easy to lose track of what is actually changing. Between the General Election, the Smith Commission, the beginnings of the EU referendum, among many other developments, there’s a lot for businesses to keep up with.

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Posted on 12/08/2015 | 0 Comments

Myth-busting a career in accountancy: it’s not all about numbers

Grad account blog

Entering the “real world” of work can seem a daunting prospect. On the first day, your mind is swimming with questions: What will my colleagues be like? What will they expect me to know? What time should I leave on my first day?

In most cases, you’ve already made up the answers in your head before you take a single step in the office.

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Posted on 18/06/2015 | 0 Comments

Five checks for Scottish property deals ahead of LBTT

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April is historically an important month for legislative changes, with a raft of new rules and regulations introduced. This year is no different, and will herald the introduction of a big change to the Scottish real estate market: the Land and Buildings Transaction Tax (LBTT). Replacing Stamp Duty Land Tax (SDLT), it will affect all transactions involving the purchase of, and granting of leases over, Scottish property.

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Posted on 20/03/2015 | 0 Comments

Budget 2015: plotting a new course for the North Sea

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We all know that the North Sea is in uncharted territory. The headlines over the past few months speak for themselves: “North Sea oil industry close to collapse”, “North Sea oil at point of no return”, and “Oil price crash threatens the future of the North Sea oil fields”. I’m sure you get the gist.

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Posted on 13/03/2015 | 0 Comments

Get down to brass tax: six ways to sail through self-assessment

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Tax doesn’t have to be taxing. So goes the Revenue’s homonymic advertising slogan. As January 31 fast approaches –the last chance to get your self-assessment forms submitted on time – I’m sure some people don’t particularly agree with that statement.

It should be true if you take the right steps, though. For many, self-assessment forms won’t even cross their minds until the start of the New Year, which can result in a last minute rush. Last year 550,000 returns were filed on deadline day – 21,000 in the last hour!

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Posted on 22/01/2015 | 0 Comments