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.
 
My Latest Blogs
 
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…

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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.…

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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…

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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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