Happy New Year!

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Happy New Year to all clients and friends of Drummond Laurie.  I hope that 2019 is a happy, healthy and prosperous one for everyone.Drummond Laurie Chartered Accountants

In many ways, the events which we are living through at the moment are unprecedented.  Leaving the European Union is proving to be a much more complex and divisive matter than most of us in the UK could ever have contemplated.  Our political leaders on the whole are using the issue to attempt to score points for their own party at the expense of the greater good of the country.  We can only hope that common sense and a realisation that they are elected to serve us, the people, will kick in very soon and see a sensible and workable outcome arrived at.  At the same time, we are seeing a fast tide of globalisation coming towards us and a world where we can do business with people on the other side of the world as easily as with our next door neighbours.  Meanwhile, the Scottish Government don’t appear to believe that in a shrinking world and with more migration than ever before, their policy of turning Scotland into the highest taxed region of the UK will have a detrimental long-term impact on our ability to attract highly skilled workers to come to our country.

As 29th March 2019 fast approaches the practical issues of leaving the EU are now firmly in the sights of many businesses.  For example, any business which exports or imports goods and services  to and from the EU will require guidance on the VAT implications very soon in the event of a no deal Brexit.  At the very same time, of course, we are also faced with the implementation of Making Tax Digital which will initially impact any VAT registered business.  Once again, guidance should be sought to ensure compliance with yet more HMRC red tape.  To complete the hat-trick of Q2 challenges of course, we will also see the final increase [for now] in the Pension Auto-enrolment contribution levels.  This will affect employers and employees alike and we should ensure that everyone is prepared for the impact on both Profit & Loss accounts and on payslips come April of this year.

Looking beyond the self inflicted challenges of Brexit, what else should businesses be focusing on as we enter a New Year?  As always, you should be planning ahead, setting out your goals and aspirations for the year ahead and seeking to avoid surprises as far as possible.  Consider what are the greatest risks to your plan and look to take mitigating action now, wherever possible.  For those businesses in growth mode, consider what are the things most likely to constrain your growth and attempt to be proactive in ensuring that these do not happen.  In general, there are four areas of constraint; people, space, systems and cash.  Assess your own business and ensure that your growth plans for the coming year are not going to be hampered by not adequately planning for any one of these factors far enough in advance.

As always, our team at Drummond Laurie stand ready to provide advice and guidance on all of the above and the many more challenges which will lie ahead of us in the coming year.  Please do not hesitate to contact us to discuss these at any time.

Best wishes

David

Merry Christmas, a time for giving & Santa!

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This year we, as every year, we like to give back within our community.  This year we heard about the Kersiebank Community Project, based in Grangmouth,  it is in an area that is considered in the top 10% in Scotland for poverty and deprivation.  We appreciate how lucky we are and realise that on our doorstep there are families who are not so fortunate.

To raise some money we did our Step Challenge in November, 30 members of the Drummond Laurie team took part and all paid for the pleasure!  It was amazing between us all we did over 9.5M steps!  We also had  a soup day, cakes, our favourite, and a raffle.

We supplied Kersiebank with some winter coats, toys and gifts and today we were delighted to be able to present them with a cheque for £1000.

Here’s a couple of pictures when Santa visited us earlier this week!

 

 

 

 

 

Be Inspired…Education & Learning

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Drummond Laurie Chartered AccountantsYesterday we had a fantastic day at the DYW Forth Valley’s inaugural Conference.

The event was about engaging educators and employers in developing innovative partnerships to support Scotland’s Young Workforce.  As a local employer it is so important to take the time to support our young people, almost a third of our team are studying while working to achieve qualifications such as C.A. or ACCA.

There are lots of options available for young people and we were able to facilitate at some of the breakout sessions.  Our session “Standing Out from the Crowd” together with Forth Valley College was about some of the options for work based learning.  Hear more about our ICAS school leaver route HERE.

Jessica one of our ICAS trainees has also written a case study and if you’d like a copy please get in touch, email adviser@drummondlaurie.co.uk.

 

 

We’re still walking…

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Drummond Laurie Chartered AccountantsWe’ve now reached the half way point in our steps challenge and we are such a competitive bunch, clocking up nearly £4,000,000 steps!

This is not all just for fun though, everyone taking part in the Steps Challenge paid to join in and we are delighted that this year, at Christmas, we will be supporting the Kersiebank Community Project in Grangemouth.

On Tuesday next week we’ll be having a soup day and we’ll be doing lots more throughout December.

Our Year!

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Earlier this week we held our annual get together to review our year and a very important part of that is our support in our communities with our team and their children.

 

 

We also highlight our very special partnership with Strathcarron Hospice.  It’s amazing when we look back at just how much we can achieve!

 

 

 

 

 

 

 

It’s all Good News

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Drummond Laurie Chartered AccountantsAnother wee arrival last week as Stephanie and Graham Anderson welcomed a beautiful baby boy, Archie, on 24th October, weighing 6lb 9oz.  We are all looking forward to meeting him very soon.

This week we are delighted to announce two promotions in the office Chris Todd to Manager and Michelle Collins to Assistant Manager.

Chris & Michelle have worked incredibly hard in their respective roles over the years to manage and ensure the smooth running of our outsourcing department.  As individuals they are hard-working, committed and well respected by their colleagues and clients.  Congratulations Chris & Michelle we wish you a very long and successful career with us.

 

 

 

Walking at lunchtime & recharging our batteries!

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Autumn is often not the best time of year to try and motivate ourselves to get outside. The nights are drawing in, theDrummond Laurie Chartered Accountants temperature drops, we live in Scotland and so it’s  often raining and windy!

A few months ago, a few of us started a lunchtime walk and we’ve decided that for the month of November we will have a walking challenge.  We are hoping that this keeps us motivated and active – even when it’s raining!

Walking can bring us lots of benefits including reduced risk of a variety of diseases and can also lead to improved mental health and well being.

So far, it’s been easy to fit into our daily routine and perhaps one of the best things is just having a bit of fun and banter together as we walk.  We’ll keep you updated, as you know we’re a competitive bunch!

 

Pirates Stole my Accounts…and more excuses

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Drummond Laurie Chartered Accountants

Every year companies house receive unusual excuses from directors who fail to file their company accounts on time, here’s a few of them:

 

“goats ate my accounts”

“I found my wife in the bath with my accountant”

“we delivered the accounts to the betting office next door to Companies House”

“a volcano erupted and prevented me from filing”

“slugs ate my accounts”

“it was Valentine’s Day”

The companies that gave these excuses received a late filing penalty and their appeals were not surprisingly unsuccessful.  Companies and directors must be aware of their responsibility to file accounts with Companies House.

This can all be avoided by making sure that you have an advisor who will take care of this for you.  Just ask us how, for more details please contact us on 01324 441280 or email gillian.niven@drummondlaurie.co.uk

 

Celebrating our 5th Anniversary

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Drummond Laurie Chartered Accountants

How time flies when you’re having fun, this week we celebrated our 5th anniversary as Drummond Laurie.    Thank you to everyone who has supported us to date and especially all of our clients.

In our usual style we had a wee day out, this year we headed to Bo’ness Railway and have a lovely journey on a steam train followed by a BBQ.  Here’s some pictures of our day!

 

 

 

 

 

Become a CA

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Drummond Laurie Chartered AccountantsWe had a lovely evening last week at Stirling University talking to students interested in a career in accountancy.

If you’re thinking about a career in business, accountancy or finance, then becoming a Chartered Accountant can take you there. It could be one of the best choices you ever make.

The stereotype is that chartered accountancy is dull and boring. However, the reality is anything but! You’ll do so much more than crunch numbers: as a CA you will get to grips with what it means to make (and keep!) a business successful.

ICAS CAs have truly amazing careers, working for top brand names and setting up successful businesses. The ICAS CA qualification is internationally recognised and respected around the world.

Companies, no matter their size, need chartered accountants. If you choose to become a chartered accountant, your career is likely to be stable with strong demand for your skills.

If you want your career to be challenging, rewarding and exciting, becoming an ICAS CA offers all of this and more.

If you’re ready to take the first step towards becoming a CA, our trainee vacancies for 2019 can be found here.

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