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NEW REGULATIONS FOR THE PRIVATE RENTED SECTOR

The Private Housing (Tenancies) (Scotland) Act 2016 took effect on the 1st December 2017, this will introduce a new form of private residential tenancy known as the PRT, Alister Biggar takes a look at the significant changes for landlords in particular. The purpose of the new legislation is said to improve security for tenants as[…] Read more »

REDUCING THE VAT THRESHOLD

Last month, the Office of Tax Simplification (OTS) published its long overdue report on modernising the VAT system. The report suggests that significantly reducing the VAT threshold could bring in an additional £1.5 billion revenue each year but this might this lead to an unexpected and nasty surprise for smaller businesses as John Craig explains[…] Read more »

KEEP IT IN THE FAMILY?

Good Succession Planning for family businesses is vital. Succession Planning expert Kevin Crowford looks at why more than 70% of family owned businesses do not survive the transition from founder to second generation and advises that a good succession plan will ease the process and overcome the common obstacles. People are now living longer than[…] Read more »

AUTOMATIC FOR THE PAYROLL?

Head of our Payroll Team, Alan Simpson asks employers if their payroll is properly geared up for auto enrolment, with guidance on what JRW can do to help. As an employer, you will be very aware that if you employ at least one member of staff, then you have legal duties, including enrolling those who[…] Read more »

TAX ON DIRECTORS SALARY, DIVIDENDS AND PERKS

If you are the Director of a company, you will know that the taxation of dividends and benefits in kind has changed quite significantly in recent times. So, if you are considering taking more income from your company, which option should you choose for maximum tax efficiency? But before we do that, let’s look at[…] Read more »

TAKING THE PAIN OUT OF GAIN

You should of course seek to minimise the amount of Capital Gains Tax that you pay when you sell a property, tax specialist Steven Turnbull takes a closer look at how to achieve this. Capital Gains Tax (CGT) becomes payable when you sell an asset such as a business, a second property, shares or an[…] Read more »

GET READY FOR CHANGES TO DATA PROTECTION LAWS

The European General Data Protection Regulations (GDPR) will come into force next May with increased requirements for data security and individuals’ rights regarding it, along with increased penalties for getting it wrong. Kevin Ferguson takes a closer look at the implications along with 12 steps that you need to take now. Despite Brexit, the UK[…] Read more »

INTRODUCING PORT BRAE WEALTH MANAGEMENT

With some important news about impending changes to our business and how these will affect clients, Kevin Crowford provides the background and introduces you to our new financial services partners. Our two Financial Advisers in the company, Jim Petrie & Mike Ellis, would now like to start preparing for their eventual retirement which means that[…] Read more »

AUTO ENROLMENT FOR NEW EMPLOYERS

When it comes to Auto Enrolment, there are duties that all new employers will have to comply with from the 1st October 2017, in an update to his original article on the topic, Alan Simpson takes a closer look at this development. If you are a new employer, there are tasks that you must complete[…] Read more »

LANDLORDS BE PREPARED!

In this article, Steven Turnbull examines the impact of HMRC’s Making Tax Digital on Landlords in particular and encourages those of you to be prepared! Making Tax Digital is HMRC’s project to transform the tax system and is famously associated with the claim that we will see the end of the annual tax return. However,[…] Read more »