Straight from the horse’s mouth

Kevin Crowford, Partner at JRW CA

INCORPORATING YOUR BUSINESS – The Hidden Tax

29th March 2018
You are looking to incorporate your business and you’ve heard that any resulting tax charges can be legitimately mitigated. However, there is tax to pay as Kevin Crowford shows in his latest blog. Undoubtedly one of the main reasons for transferring a sole trader business to a company in which you own shares is tax...

PUTTING IT THROUGH THE BUSINESS

27th March 2018
You are buying new IT equipment, mainly for use at home, but occasionally it will be used for work. Can you reclaim the VAT on the cost of the equipment and is there any advantage in doing so? VAT expert John Craig takes a closer look. ‘Putting it through the business’ is the old chestnut...

BE SMART ABOUT CASUAL LABOUR

13th March 2018
As an employer, you’ll be aware of the increasing number of obligations when employing and looking after your staff.  But this also has an impact on employing casual workers too, Kevin Ferguson looks at the Tax do’s and don’ts of employing casual workers. You will probably know from experience that these days employers must not...

SCOTTISH BUDGET – new rates, bands and pension tax relief

12th March 2018
With more changes than you can shake a stick at, this is article includes a summary of the new Scottish Tax rates and bands which come into effect on 6 April. The Scottish Government Budget announced new Scottish Income Tax rates and bands for the 2018 to 2019 tax year. These were confirmed on 20...

MESSAGE FROM THE SCOTTISH CHARITY REGULATOR

15th February 2018
The recent reports of abuses connected to some charities working in the international aid sector are deeply troubling and as a regulator we take such matters extremely seriously. There are two key points that we would like to remind charities of in light of the reports. Safeguarding (keeping vulnerable beneficiaries, volunteers and staff safe). Notifiable...

INHERITANCE TAX ON PENSION SAVINGS

2nd February 2018
From being unattractive and restrictive in many ways, pensions have now become a great deal more appealing. Back in 2014 the then Chancellor George Osborne gave savers full access to their pension pots abolishing the requirement an annuity. As well as this, there is also the potential to use pensions as a way to mitigate...

A RESOLUTION THAT ADDS UP!

1st February 2018
Taking control of our personal finances is a resolution that is definitely worth keeping this year. Kenny Logan provides you with 10 top tips on how to make more of your money, all it will cost you is a bit of time and effort. If you resolved to get fit, learn a new skill, quit...

NEW REGULATIONS FOR THE PRIVATE RENTED SECTOR

11th January 2018
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...

REDUCING THE VAT THRESHOLD

11th December 2017
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...

KEEP IT IN THE FAMILY?

1st November 2017
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...