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News - 2018

EMI given go-ahead with EU State Aid approval

16 May 2018
On 4 April this year, HMRC announced that the tax benefits of options granted under an EMI scheme would be put on hold temporarily as the necessary EU State Aid had expired. Under this guidance, any EMI options granted after 6 April 2018 could not be guaranteed to bring the tax benefits usually associated with the scheme. The EU Commission announced yesterday (15 May 2018) that EU State Aid is now…(more)

Bowled Over with Success

18 Apr 2018
Emma Logan from our Audit Group has a passion for bowling and spends a lot of her spare time at East Lothian Bowling Club.  She is a member of the Ladies section (pictured here) and this year they have been enjoying unprecedented success.  Before this season the Ladies had never reached the Premier League final, nor had much success in the Scottish cup.  However this season both the Gents and…(more)

Client Profile - Conifox

18 Apr 2018
In 1965 James G.S Gammell bought Foxhall on the outskirts of Kirkliston, which became the family home to his wife Sue and his 6 children. In the late 60’s & early 70’s Mr Gammell decided to set up, in the grounds of Foxhall, a trade only Tree and Plant Nursery, supplying to the landscape trade. Conifox Nurseries to this day still supplies to the landscape trade but has recently undergone…(more)

New Start

18 Apr 2018
Rhiannon Barton - Rhiannon is ACCA qualified and is currently studying towards her CTA qualification. She has worked in general practice for over 12 years, gaining experience in corporate tax, personal tax and accounts preparation and finds that her understanding of the different disciplines has helped greatly in spotting tax saving opportunities for her clients. Rhiannon has worked with a variety of owner managed businesses, and is particularly interested in…(more)

New Role for Paul

18 Apr 2018
Paul Hutchison, a long standing member of our Audit Group, has just been appointed as Springfords newest Partner with effect from the 1st of March this year. Paul joined Springfords in 2000 as an audit senior and is well known to many of the firm's clients having been their account manager for many years - most of whom he will continue to look after as Partner. Paul is excited about his…(more)

Businesses urged to review EMI schemes in light of HMRC announcement

09 Apr 2018
On 4 April 2018, HMRC announced that there is to be a temporary expiration of EU State Aid approval for EMI Schemes, which came into effect at 11pm on Friday 6 April 2018. At this time, the length of the delay is unknown. Whilst any options granted before this deadline will remain unaffected, an important point of note is that those granted after this date, and prior to State Aid approval…(more)

It's Good To Give

06 Apr 2018
Following another successful year of fund raising for Springfords Employee Charity Committee the money has been counted and, after donating over £500 to our annual good causes - Red Nose Day, Wear It Pink, Genes for Jeans, Save The Children and Guide Dogs for the Blind, there was £1,300 left in the pot to distribute to nominated worthy causes.  Our chosen good causes are: The Sacred Heart Church Food Bank in…(more)

Could share options be the right option to retain key staff in your business?

06 Apr 2018
The recruiting and retaining of good staff is always an issue for businesses, and this is increasingly the case in a labour market where unemployment is relatively low and where Brexit may cause further restrictions in the availability of staff from Europe. Plus the marginally higher tax cost to potential candidates of living in Scotland may also make it more difficult to recruit. So how can you persuade a new manager…(more)

Are you ready for Gender Pay Gap reporting?

23 Mar 2018
If you’re an employer with 250 employees or more you will now need to publish your gender pay gap data annually. New Government legislation requires employers with 250 or more employees to publish statutory calculations every year showing how large the pay gap is between their male and female employees. The figures must be calculated using a specific reference date – this is called the “snapshot date”. The snapshot date each…(more)

KickStart Debuts In Scotland With Cash For New Entrepreneurs

26 Feb 2018
Scotland’s next generation of entrepreneurs are being urged to enter a competition that offers substantial cash and mentoring support, and which has just launched in Scotland for the first time. The KickStart project, which is open to 18 to 25-years-old entrepreneurs, offers the winner a grant of £10,000 along with £10,000 worth of mentoring and accountancy advice, whilst two runners-up will each receive £5,000 worth of mentoring and advice. The competition, which…(more)

Auto Enrolment Update

19 Jan 2018
A word of warning - The Pensions Regulator (TPR) has now begun carrying out spot checks on employers across the UK to make sure that they are complying with their workplace pensions duties and are providing staff with the workplace pensions that they are entitled to by law. According to TPR these inspections help them to understand any challenges employers are facing, and whether it needs to make any changes to…(more)

Graham Cunning, Head of Corporate Finance in Scotland, looks at the reasons behind a likely continuing increase in business sales well into 2018 .....

19 Jan 2018
Hungry buyers continue to drive business sales During 2017, we experienced a marked upturn in company sales, as many business owners were mindful that Entrepreneurs' Relief could change as part of a Budget, coupled with a healthy pool of potential buyers looking to invest in Scottish companies, helping to maintain a strong market. Sales to management teams (Management Buyouts/MBOs) are also becoming more frequent again. Interestingly, deal making remains buoyant despite…(more)

The Golden Girls

17 Jan 2018
Hard to believe, but between them these lovely ladies have clocked up an amazing 100 years plus of service with Springfords. All four joined Springfords when it was Springford Wilkie Murdoch and based on Bonnyrigg High Street. Linda Johnstone, our Payroll Manager, is the longest serving member of staff, having joined on 1 August 1991. Linda had previously worked as a self-employed payroll administrator when she met Keith Murdoch. When Keith…(more)

New Year - New Challenge for Jennifer

17 Jan 2018
We've often featured Jennifer Smith in our Newsletter – she's hooked on doing feats of endurance - but this year she's attempting one of her biggest challenges yet. Jennifer started long distance walking in 2011 when she agreed to join a Springfords team to complete the Caledonian Challenge – walking 54 miles in 24 hours along the West Highland Way, and that was her hooked. Every year since, Jennifer has set…(more)

New Year - New Post for Emma

17 Jan 2018
Emma Logan, currently part of our Business Group, will shortly be moving into our Audit Group. Emma joined Springfords in 2014 to assist with bookkeeping and VAT Returns and quickly became an integral part of the team. Her role has developed over the years and she is now an Account Manager with a varied portfolio of clients, including sole traders, partnerships and limited companies. Emma has nurtured close working relationships…(more)

Fundraising Fun

17 Jan 2018
Well, that’s another year over for the Springfords Employee Charity Committee and it’s certainly been a busy, fun filled, year. The soup rota and tuck shop continue to provide regular income, and partners and staff have taken part in many other fundraising activities covering Red Nose Day, Grand National and Eurovision, with our Bake-Off trophy this year being awarded to Emma Logan in the Business Group. More recently we ran events covering Jeans…(more)

Client Profile - Anderson's Quality Butchers

17 Jan 2018
Anderson's Quality Butchers is a long established successful family run business in North Berwick – you may already know it, as it has a prominent position in the High Street and a great reputation!John Anderson started his career as a butcher working for the Co-op, delivering meat from a van in the East Lothian area. He obviously made an impression as he was promoted to manager of the local Co-op…(more)

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