Straight from the horse’s mouth

SEISS Fourth Grant

20th April 2021
If you are eligible for the fourth SEISS grant it is likely that HMRC have already contacted you by email, letter or text message to invite you to apply from late April 2021. The exact date on which an individual’s personal claims window opens will differ from person to person but the scheme will close...

The Recovery Loan Scheme is now live

20th April 2021
The Chancellor announced that the British Business Bank will manage the Recovery Loan Scheme (RLS), which opened to applicants on 6 April 2021 and will run until 31 December 2021. Various major banks (23 at last count) have already been accredited for this scheme – here is the full list Finance is available for ANY...

RECRUITING – EXPERIENCED ACCOUNTS ASSISTANT

13th April 2021
We have a vacancy for an experienced Accounts Assistant. Required to assist with bookkeeping and accounts preparation for limited companies, sole traders and partnerships. Based at Biggar Office. Salary dependent on experience. ABOUT JRWCA As one of the largest accountancy firms in the Borders, JRWCA have a team of accountancy and taxation specialists with a...
tax

SURF – Self-Assessment repayment claim verification letters

7th April 2021
HMRC’s new refund verification system looks disconcertingly like a scam. We have had several clients recently receive SURF1 and SURF2 letters from HMRC in response to 2019/20 tax returns that requested a refund. The SURF1 is being sent mainly to people who are newly registered in self assessment and it is a fraud prevention tactic....

A new garden office?

23rd March 2021
Something that many people have discovered during lockdown is that it is possible to work effectively from home. But perhaps you are now keen to create a more permanent work space at home and are thinking of investing in a garden office. What are the key things to consider and are there any tax implications?...

How to reduce your corporation tax bill

23rd March 2021
Your company’s financial year ends soon. Despite the difficult trading conditions over the last year the accounts will show a profit. But what steps can you take to legitimately reduce the corporation tax bill? Joanne Gibson advises. Generally, expenses that your company incurs are tax deductible. However, special rules mean that tax relief for some...

Incentive for ‘green’ cars extended

22nd March 2021
Despite the financial pressures caused by the pandemic, the government has gone ahead with the planned extension to tax breaks for environmentally friendly vehicles. What might this mean for your business? Bob Johnstone advises. Businesses wanting to take advantage of the capital allowances (CAs) tax break for environmentally friendly cars and other vehicles have been...

Avoiding the Gift Aid tax trap

21st March 2021
You recently saw a press article about tax and Gift Aid donations, it said that people who donate to charity and whose income has been hit by coronavirus can face unexpected tax bills. Are you at risk of this? Helen Johnstone provides the answer. As you probably know, under the Gift Aid scheme charities and...

Coronavirus VAT Deferral Payment Scheme

11th March 2021
If you deferred VAT payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you have three options: • Pay the deferred VAT in full, on or before 31 March 2021 • join the VAT deferral new payment scheme – the online service is open between 23 February 2021...