Best wishes from all at Hollis Accounting for the festive season.
Please note the office closes early on Wednesday 20th December, we are only open until late morning - open from 9am to 11.30am with the office closed the rest of that day.
Our office closes for the festive break at 5pm on Thursday 21 December and remains closed between Christmas and New Year with us reopening on Wednesday 3 January 2024 at 9am.
We wish you a very happy Christmas & New Year!
Hollis Accounting Limited is a small firm of Chartered Accountants and we celebrated our 10th anniversary in 2019! We specialise in providing services to individuals; small and medium sized businesses as well as charities and not for profit organisations.
Our founder, Sarah Hollis, is a trained Chartered Accountant and member of the Institute of Chartered Accountants of Scotland.
Suzanne Graham joined the team in summer 2010 and is a Chartered Certified Accountant. Suzanne became a partner in 2016.
In July 2012 Anne-Marie MacLellan joined the firm and she is a member of the Association of Taxation Technicians. Margaret Leeming joined us in March 2015 and has now qualified as a Chartered Accountant having done her training with us.
Our clients are very important to us and we aim to ensure that all clients can be confident that their financial affairs are in good hands. As part of the service, a full scoping meeting is held to ensure we understand the needs of our clients and can tailor our services to their requirements.
This initial scoping meeting is free of charge so why don't you contact us to arrange one for yourself.
To find out more about the scope of services we can provide go to our 'services' page.
fast to respond
our team benefits from a number of years experience with a
background working within medium and large accounting firms,
we will bring this expertise and
quality of service to you
at a reasonable cost.
WE ARE CURRENTLY RECRUITING
We are looking to expand our team so please get in touch to tell us about yourself and find out more.
CAPITAL GAINS TAX (CGT) CHANGES
The Chancellor announced, in his autumn statement 2022, that the Annual Exempt Amount (AEA) available for individuals each tax year will decrease from 6/4/23. The AEA (for individuals) will drop to £6,000 for 2023/24 tax year and then to £3,000 for 2024/25 onwards. The AEA is the annual tax free allowance towards any capital gains.
HMRC introduced several changes to Capital Gains Tax (CGT) regime, specifically in relation to residential properties, from 6 April 2020, which include:
To find out more please click here to go to the Capital Gains Tax section of our services pages.
MAKING TAX DIGITAL (MTD)
Making Tax Digital came in for VAT registered businesses from 1 April 2019. If we currently prepare your VAT return we made sure you complied and if we don't currently prepare your return and you'd like help with MTD please contact us.
As always any queries feel free to get in touch - a bit more information can be found on our 'other services' page.
If you currently prepare & submit your VAT return yourself online (from spreadsheets or equivalent) we can provide a service where we can submit the VAT return box figures you've prepared in excel to HMRC using our bridging software, please get in touch for a quote as HMRC's "soft landing" period for MTD came to an end in 2021 (the soft landing period was extended for a year as a consequence of Covid-19).
MTD ITSA - Making Tax Digitial is also being introduced for income tax from 6 April 2026. This will impact sole traders, partnerships and landlords as it is relevant for business &/or property income over £10,000. MTD of Income Tax Self Assessment (ITSA) will change how you report your income to HMRC as it will involve providing digital quarterly updates to HMRC. As with MTD for VAT we are fully aware of the requirements & will be contacting you nearer the time, once all the requirements have been finalised by HMRC (as its introduction has been delayed a number of times), to explain what is required and what action needs to be taken to meet these requirements.
OFFICE MEETING ROOMS
At end of August 2018 we expanded our premises to the basement level as well as retaining our current ground floor rooms at 3 Melville Crescent. This means we now have 2 meeting rooms on the ground floor. If clients (or other organisations/individuals) are interested in hiring these rooms for a meeting /seminar or training course please get in touch.