Passionate about the future. Proud of our past.
Established in 1888

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Business Services

Personal Taxation

“Our clients tell us that they are reassured by the continuity James Milne provides, they know the team they will be dealing with from day to day and year to year will be the same. That is something that is becoming increasingly rare in our industry.”

richardchristie

partner | banchory

As a firm established for more than a century, James Milne knows the north-east business scene better than most.

Today we serve clients across a diverse range of industries, from the Aberdeen and Aberdeenshire staples of oil and gas and agriculture through to retail, hospitality, fishing, haulage, all trades, construction and many more.

Find out how our Business Services can serve you today …

“Finance is one of the most personal parts of any individual’s life and our clients know they have absolute confidentiality when dealing with us. Professionalism is at the centre of everything we do, but we are dealing with people first and foremost – we never lose sight of that.”

michaelfotheringham

partner | aberdeen

As a firm established for more than a century, James Milne knows the north-east business scene better than most.

Today we serve clients across a diverse range of industries, from the Aberdeen and Aberdeenshire staples of oil and gas and agriculture through to retail, hospitality, fishing, haulage, all trades, construction and many more.

See how our Personal Taxation services can help you today …

2022news

The Autumn Statement 2022

The Autumn Statement 2022

On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a...

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‘Mini Budget’ reversal

‘Mini Budget’ reversal

Chancellor brings forward further medium-term fiscal plan measures Reversal on Emergency Budget 2022 Chancellor brings forward further medium-term fiscal plan measures As the saying goes, a week is a long time in politics. However, recent events have been...

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‘Mini Budget’ outlined.

‘Mini Budget’ outlined.

Chancellor Kwasi Kwarteng has outlined a 'Mini Budget' with a stream of policy announcements. Here is our summary. National Insurance The government will scrap the 1.25% increase (to Class 1) in National Insurance contributions announced in September 2021. Not...

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Interest rate rise on late tax payments

Interest rate rise on late tax payments

HMRC has raised the interest rates charged on late tax payments by 0.5%, up to 4.25%, in a change that came into force on Tuesday, 23rd August. HMRC links its interest rates on late payment charges with the Bank of England's base rate, which increased from 1.25% to...

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Making Tax Digital (MTD) update

Making Tax Digital (MTD) update

With just over 18 months until rollout, one in five UK sole traders have still not heard of Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), according to accountancydaily.co Despite the extensive publicity, 20% of sole traders are unaware of the...

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Increase in tax threshold

Increase in tax threshold

Amidst another busy week in the political world, you may have missed the tax cut worth up to £330 each for 30 million workers. On the 6th of July, a change in the threshold for making national insurance (NI) contributions meant that many workers will keep more of...

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Accounting software

Accounting software

If you are in the market for accounting software, you might feel overwhelmed by all the available options. Xero, Sage, QuickBooks, FreshBooks, and Freeagent, to name a few. There are many to choose from, and getting it right is important. Modern and usually...

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HMRC Payroll Update for July 2022

HMRC Payroll Update for July 2022

HMRC has provided a reminder to ensure that employers accurately reflect increased NIC thresholds in the July payroll. To accommodate the National Insurance threshold change, payroll software, including HMRC’s Basic PAYE Tools, will need to be updated. It may happen...

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End of financial year 2020-2021

End of financial year 2020-2021

Today is the last day of the UK tax year. It’s also the deadline for using your ISA allowance. After today your tax-free ISA allowance for 2021/22 is gone. If you must fill out a tax return, HRMC should send you a notification. The deadline for filing your 2021/22 tax...

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Accounting for Cryptocurrencies.

Accounting for Cryptocurrencies.

Cryptocurrencies (crypto) such as Bitcoin and Ethereum have generated much interest in recent years. Their rapid increase in value (and volatility!) has also attracted regulatory scrutiny, and as accountants, we keep a close eye...

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Recruitment in Accounting

Recruitment in Accounting

Recruiting, retaining, and engaging talent is one of the accountancy industry's main challenges today. While the pandemic has catalysed this issue, there was undoubtedly a shift occurring long before the emergence of Covid. In general, people are reassessing and...

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Chancellor Rishi Sunak has delivered his Spring Statement.

Chancellor Rishi Sunak has delivered his Spring Statement.

With the cost of living crisis, most notably food, fuel and energy price rises, this was a much-anticipated 'mini-budget' announcement to see if the UK Government would introduce new policies that could help with personal budgets. The Statement warned consumers to...

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Sick pay, self-certification and Covid

Sick pay, self-certification and Covid

The UK Government recently announced the next phase of ‘living with Covid’. For Scotland, this meant an end to the current statutory sick pay (SSP) rules with COVID-19 from 21st March; we are now back to pre-pandemic rules. The right to claim SSP from the first day of...

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The future is electric

The future is electric

​In order to help achieve its CO2 emissions targets, the UK Government is incentivising businesses and employees to switch to electric vehicles, with attractive tax savings and incentives. Whether leasing or buying, businesses and their employees can make significant...

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MTD expanded to include all VAT-registered businesses

MTD expanded to include all VAT-registered businesses

All VAT-registered businesses are reminded that from 1 April 2022, VAT returns must be submitted digitally, using HMRC-approved Making Tax Digital (MTD) software, regardless of turnover. MTD is a UK Government strategy aimed at ensuring every business submits tax and...

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Fraudulent claims – billions may be written off

Fraudulent claims – billions may be written off

Rishi Sunak, the Chancellor of the Exchequer, has insisted he will continue to go after Covid-19 fraudulent claims despite reports that the Government intends to write off £4.3billion in mistaken payments and illegal claims. In 2021, in an attempt to recoup the...

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Income Tax Changes 2022-2023

Income Tax Changes 2022-2023

The Scottish Parliament has again used its powers to change income tax rates and bands, which take effect from 6 April 2022.Whilst rates of tax will remain unchanged, bands will be amended, as follows: The Starter and Basic Rate bands will increase by inflation. The...

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Accurate, on time and stress-free – the future of payday

Accurate, on time and stress-free – the future of payday

Employees are a company’s biggest asset – and making sure they are paid properly has to be a business owner’s number one priority. James Milne Chartered Accountants partner, Lauren Thompson offers advice to business owners wanting to avoid payroll errors. Ensuring...

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business services

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personal services

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branch news

other locations

main contact

Aberdeen Views – Former South Church with Kirk of St Nicholas (Triple Kirk) in the background

5 Bon Accord Square
Aberdeen
AB11 6XZ
Telephone: 01224 584458

5 High Street
Inverurie
AB51 3QA
Telephone: 01467 623311

Rosewood, Raemoir Road
Banchory
AB31 4ET
Telephone: 01330 828500

James Milne & Co trading as James Milne Chartered Accountants is a firm of Chartered Accountants with offices in Aberdeen, Inverurie and Banchory.

The Firm is regulated by The Institute of Chartered Accountants of Scotland (ICAS) and is registered with the Information Commissioners Office (Registration No Z6610976).