Scott Bishop (Wisbech)

Having carried out his school work experience with us, Scott joined the firm on a permanent basis in 2001, and has since completed his AAT and Institute of Chartered Accountants England & Wales (ICAEW) qualifications. Scott manages a broad spectrum of Small and Medium Enterprise (SME) clients, and is a member of two of the firm’s specialist groups: the Farming Group, and the Business Start-up Group. Away from the office Scott enjoys spending time with his young family, playing pool for a local team, supporting Watford Football Club, and all things motorsport related.

Specialisms

Start-ups

General Practice

Business Tax

Agriculture

My Latest Blogs

Scott Bishop

20th November 2019 Postponement of planned Corporation Tax reduction

Boris Johnson has announced plans to postpone the cut in Corporation Tax to 17% (down from 19%) that was due to take effect from 1st April 2020 in order to save £6bn, stating that the money would be better spent on other ‘national priorities’, including the NHS. It is not clear when, or indeed…

Scott Bishop

29th October 2018 Start Up Seminar – Wisbech – Further details

We are looking forward to hosting our FREE Start Up Seminar in Wisbech from 6pm to 8pm on Tuesday November 6th 2018 which is being held at the Boathouse. There are many questions that you may have when starting up in business, such as: Should the business be structured as a Sole trader or Limited…

Scott Bishop

1st October 2018 Companies House excuses!

Companies House has just published a list of amusing excuses as to why company accounts weren’t filed on time. The excuses included ‘Pirates stole my accounts’ and ‘Goats ate my accounts’! See the full list below for other amusing reasons. Whilst these excuses are amusing, unsurprisingly, none of the appellants were successful in having their…

Scott Bishop

23rd May 2018 Trading allowance – income tax simplification?

On 6th April 2017 the Government introduced the trading allowance. The aim of this new allowance is to simplify income tax obligations for minor amounts of trading and miscellaneous income. In essence, if trading and miscellaneous income is less than £1,000 in a tax year:- The income is exempt from income tax There is no…

Scott Bishop

17th November 2017 VAT registration threshold reduction ahead?

Last week the Office for Tax Simplification delivered a report on VAT to the government, which among other things, covered the potential impact of reducing the VAT registration threshold. The report recommended that the Chancellor should “examine the current approach to the level and design of the VAT registration threshold, with a view to setting…

Scott Bishop

14th November 2017 New to business? Beware of payments on account!

When setting up in business you will be fully aware that you will have tax to pay on your profits, and you will ideally be putting money aside to cover this. What you might not be aware of is that you may have to pay two years’ worth of tax in just six months.…

Scott Bishop

1st November 2017 Consequences of overdrawn Director’s Loan Accounts

Most people who form a limited company understand that it is a separate legal entity, many however, especially those who previously traded in an unincorporated form, do not fully appreciate what this means in respect of taking money out of the company. In a sole trader situation the proprietor is free to withdraw money…

Scott Bishop

27th May 2016 Preparing to trade

Start-ups: Maximise tax relief on pre-trading expenses. When starting out in business, it is possible that you will incur significant costs before you start trading. Some common expenses that fall into this category are advertising, insurance, rent & rates, stationery, machinery leasing and website hosting. The good news is that such expenses incurred no more…

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Scott Bishop (Wisbech)

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