Tax tips and advice:
Arts & Business Scotland has been working in partnership with Scott-Moncrieff, Scotland’s oldest accountancy firm, to provide cultural organisations with invaluable tax advice.
As part of this three year partnership, tax guides have been developed accompanied by General Tax training workshops. This in-kind sponsorship arrangement between A&BS and Scott-Moncrieff sets out to provide charitable cultural organisations across Scotland with the latest information on making the most of the tax benefits they are eligible for.
In addition, Scott-Moncrieff has been providing A&BS with the latest news on tax law amendments as they appear.
Tax Tips from Scott Moncrieff on Increasing Corporate Sponsorship Income is available to download below.
A special series of Tax Tips guides covering Theatre Tax Relief, Orchestra Tax Relief, Museums and Galleries Tax Relief has also been created, and can be found on a dedicated page here.
The most recent guide, Charity Tax Budget 2018 Update, outlines changes which benefit charities including a corporation tax small scale trading exemption and an increase in Gift Aid Small Donation Scheme limits. The Charity Tax Budget 2018 Update can be downloaded below.
Additional advisory tax soundbites will continue to be added as and when tax law changes may arise.
Principal members Scott-Moncrieff is one of Scotland’s leading independent firms of chartered accountants and business advisers. Their expertise encompasses financial assurance, risk management, improving performance, taxation and wealth management. Accuracy and attention to detail are a given. But they're also open-minded, flexible and forward thinking.
Scott-Moncrieff has had a successful charities practice for 25 years and is established as Scotland’s leading not-for-profit adviser. Their specialists have a wide-ranging and comprehensive knowledge of the issues facing the sector and are recognised as experts in their field. Many of their staff serve as trustees on charity boards.