Alan Drummond

Alan Drummond, Director at Douglas Home & Co and accountancy industry veteran reflects on 40 years of immense change. Those of us of a certain vintage will be able to remember the days when accountancy practices relied on handwritten files, typewriters and a phalanx of filing cabinets. We’d have been forgiven for assuming that the…

Everything you need to know about American labor regulation Do you know your main obligations as an employer in the US? Do you have employees or intend to hire them, and would like to know the laws, regulations and good labor practices? To keep you up to date with the topic, Drummond Advisors brings a…

The new Chancellor of the Exchequer, Kwasi Kwarteng, delivered his first budget on September 23rd. This ‘mini-budget’ update turned out to be of great significance as it included the largest round of tax cuts in over 50 years. As further details are finalised, here are the key points from the budget update: Top rate of…

In September 2021, Boris Johnston announced that as of April 2022, National Insurance contribution (NICs) rates will increase by 1.25%. From April 2023, the 1.25% increase will be separated and known as the Health and Social Care levy, which will be visible on employees’ payslips. Dividend tax rates will also be increased by the same…

We are delighted to have officially opened our new office in Hawick office. Having been in the town for many years, it was time to expand. Moving from North Bridge Street to a more central and larger location on Oliver Place. Our new space underwent substantial refurbishment. As the building was in a state of disrepair, it…

Farmers could see their profits wiped within three years as the Basic Payment Scheme is phased out between 2021 and 2028. The cut of subsidies is just the beginning of a decade of major change within the agricultural sector, with challenges surrounding Brexit, climate change, and labour shortages. The complexity of the replacement system and…