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

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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 …

ournews

TaxMatters with James Milne – April 2024

TaxMatters with James Milne – April 2024

There’s a lot going on in the world of tax and we’ve compiled a useful summary to give you an insight into what’s making the news. Scan the headings below and if something catches your attention that you need advice on, we’re here to discuss these issues. HAPPY NEW...

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James Milne sponsors cycle team to raise funds to tackle MND

James Milne sponsors cycle team to raise funds to tackle MND

James Milne is delighted to sponsor a fantastic cycling team about to embark on an epic 1800-mile cycle run from Edinburgh to Rome to raise funds for My Name’5 Doddie Foundation. The team of eight includes our very own partner Michael Fotheringham who has been in...

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HMRC reverses tax decision on double cab pickups

HMRC reverses tax decision on double cab pickups

A week after HMRC proposed changes to the tax rules for double cab pickups, stating they would be treated as cars rather than vans for employment tax and capital allowances from July 2024, the government has reversed this decision due to strong opposition from the...

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TaxMatters with James Milne – February 2024

TaxMatters with James Milne – February 2024

Welcome to our latest monthly tax newswire. We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further. YEAR END TAX PLANNING It’s not too late to undertake some end of year tax planning. If you have some spare...

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Cycle to Work is Good for Business.

Cycle to Work is Good for Business.

As a chartered accountant, I spend a lot of time thinking about ways to boost the financial health of my clients. I’m also a keen cyclist, and about to embark on the cycle of my life as part of a team cycling from Edinburgh to Rome in early March, some 1800 miles, to...

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TaxMatters with James Milne – January 2024

TaxMatters with James Milne – January 2024

Happy New Year and welcome to the January edition of TaxMatters with James Milne. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. NEW YEAR RESOLUTIONS TO SAVE TAX At this time of year, we think about New...

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TaxMatters with James Milne – December

TaxMatters with James Milne – December

Welcome to the December edition of TaxMatters. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. IT'S IMPORTANT TO HAVE UP TO DATE PROFIT FORECASTS FOR TAX In order that we can help predict your taxable...

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TaxMatters with James Milne

TaxMatters with James Milne

Welcome to the Monthly Tax Newsletter for November 2023. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. SALARY OR DIVIDEND BEST IN 2023/24? In recent years many accountants have advised their...

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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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The Scottish Budget

The Scottish Budget

Finance Secretary, Kate Forbes delivered the 2022-2023 Scottish Budget on Thursday 9 December 2021, detailing the Scottish Government’s financial and tax plans for the coming year. As the first budget of the SNP partnership with the Scottish Green Party, the budget...

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Congratulations Steph Strachan

Congratulations Steph Strachan

Congratulations to Steph Strachan who passed her final ATT (Association of Taxation Technicians) examination in October. She achieved 90% in her final exam after completing a mixture of written papers and computer-based...

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A fond farewell to Ellen

A fond farewell to Ellen

We were sad to wave farewell to Ellen Smith in November who had been with James Milne for almost ten years. Ellen joined us straight from Robert Gordon University in 2012 as a Chartered Accountant trainee, and began training for her Chartered Accountant’s...

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Farming. Time to make plans for the years ahead.

Farming. Time to make plans for the years ahead.

The rural economy is a staple part of Aberdeenshire’s heritage and a sector that James Milne Chartered Accountants has served since its formation in 1888. Michael Fotheringham CA, a partner at James Milne, looks back on what has been a tumultuous year for farming and...

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Guide to the Autumn Budget

Guide to the Autumn Budget

Did the Autumn Budget meet your expectations as a budget for growth that will lead to higher wages, higher skills, and rising productivity? For a summary of the main announcements from the Chancellor’s 2021 Budget visit our resource centre and download our Autumn...

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Hybrid working on trial as offices fully open

Hybrid working on trial as offices fully open

With the health and safety of our staff and clients at the front of our minds, the James Milne offices are now open again. Over the past few weeks, staff members have been coming back to working in the office on a phased basis, and each office has social distancing...

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Kitchen office? Check if you can claim tax relief.

Kitchen office? Check if you can claim tax relief.

If you have to work at home because of the COVID-19 pandemic, you can claim tax relief on any additional household costs you have incurred. Staying in your slippers all day can be cosy, but working from your home office, kitchen or bedroom can mean increased gas and...

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Claire Murray joins Inverurie team

Claire Murray joins Inverurie team

Tarves born Claire Murray has joined James Milne’s Inverurie team as Business Services Assistant. Joining Gail Soutar and her team, Claire will be providing payroll and bookkeeping services to clients, as well as assisting with year end accounts. Claire has recently...

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Starting a new business – getting it right from day one

Starting a new business – getting it right from day one

For many, setting up their own business is a dream come true. Whether you are formalising a lifelong hobby, or starting out on a new business proposition, there are several steps which need to be taken to ensure you comply with all UK business regulations. One of the...

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Protect your business from an HMRC tax investigation

Protect your business from an HMRC tax investigation

No business is too small or too large to be selected for an HMRC tax investigation. That’s why many of our clients subscribe each year to our tax investigation service to cover the cost of our fees should they be the subject of an enquiry into tax, VAT, PAYE and...

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Fifth SEISS grant offers reduced support for self-employed

Fifth SEISS grant offers reduced support for self-employed

The fifth and probable final grant for those who are self-employed will be open to applications from late July. Applications for the fourth self-employment grant closed on 1 June 2021. The fifth Self-Employment Income Support Scheme (SEISS) grant is expected to be the...

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Coronavirus Business Support

Coronavirus Business Support

The latest Government grants and loans to support your business during the pandemic. Self-Employment Income Support Scheme The fourth grant is available now, covering the 3-month period from 1 February 2021 to 30 April 2021. The grant is equal to 80% of 3 months’...

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Retirement wishes for Inverurie’s Fiona Law

Retirement wishes for Inverurie’s Fiona Law

James Milne’s Inverurie office said farewell to Fiona Law at the end of April, after more than 23 years of service. Fiona Law, who has lived in Inverurie for almost 30 years, has retired from James Milne to spend more time with her family, and especially her young...

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Working from home – but here for you

Working from home – but here for you

James Milne is continuing to follow statutory Government guidance which asks people to work from home if it is practicable to do so. Accordingly the majority of our staff are working safely in their homes, with small numbers of staff in the office on occasion to...

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New instalment scheme for deferred VAT payments

New instalment scheme for deferred VAT payments

VAT-registered businesses were pleased in Spring 2020 to learn that they could defer their VAT payments, however, unsurprisingly, the Treasury is now calling time on the money it is owed. The good news is that in order to help businesses manage their cashflow, the UK...

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The 2021 Budget – an opportunity or a threat?

The 2021 Budget – an opportunity or a threat?

Graham Bridgeford, managing partner at James Milne Chartered Accountants says the March Budget may be the biggest and most interesting in a decade. There are some potential opportunities, but business may be called upon to pay, he says. “The Chancellor of the...

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Gail Soutar joins as Head of Business Services

Gail Soutar joins as Head of Business Services

James Milne Chartered Accountants is delighted to welcome Gail Soutar to the team, as Head of Business Services at the Inverurie office. Gail has extensive experience of business financial services, having worked as Finance Manager for James Dun’s House in Aberdeen...

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our people

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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).