Straight from the horse’s mouth

Health and Social Care Levy and the Dividend Tax Increase

21st September 2021
Boris Johnson unveiled plans on 7 September for tax increases that aim to specifically address underfunding in the NHS and social care systems. The new Health and Social Care Levy Bill is currently at committee stage in the House of Commons and is set to be fast tracked to ensure that the relevant changes are...

Spend Now, Pay Later

21st September 2021
The Super-Deduction and the Increase in the Main Rate of Corporation Tax Rishi Sunak’s plan for replenishing the public purse consists of encouraging businesses to invest heavily now to strengthen the economy, so that by 2023 they will be resilient enough to start paying tax at much higher rates. The government anticipates a £10bn loss...
Joanne Gibson, Partner JRWCA

NI break if you employ a veteran

10th September 2021
The government has introduced an NI exemption to encourage employers to take on former military personnel. If this is something you’d like to support, what are the key considerations? Head of Payroll Joanne Gibson advises. Overview The government made a commitment at the last election to better support veterans in their transition to civilian employment....

Paying dividends to spouses – how to avoid the tax traps

9th September 2021
Many companies pay dividends to spouses, but what are the tax traps to avoid and how can spouses benefit from splitting company shares? Brona MacDougall advises. It is very common for one-person companies to utilise their directors’ tax-free allowance by paying themselves a small salary. With proper planning, the director incurs no income tax or...

Admin Position Galashiels

9th September 2021
We are continuing to expand our team and have an Admin Vacancy in our Galashiels office.  This post is a part-time post, ideally a half day Monday to Friday however there is flexibility on the hours. Salary dependent on experience. Based at JRW Galashiels Office Part-time Position ABOUT JRW As one of the largest accountancy...

Unregistered suppliers and VAT

8th September 2021
You need some building work done at your office, but your preferred supplier is not registered for VAT. This means that it will not be able to reclaim input tax on materials, increasing the final bill to your business. Is there a solution? Bob Johnstone takes a closer look. Frozen VAT threshold Even though the...
VAT on homeworking allowances

VAT on homeworking allowances?

7th September 2021
You are downsizing your office and have asked a few staff to permanently change to homeworking. You’ll pay them a one-off allowance towards the cost of setting up their home workspace. Can you reclaim the VAT they incur? VAT expert John Craig provides the answers. People often suggest that “putting it through the business” will...

Planning for retirement – tax efficiently 

3rd September 2021
There are not many areas of tax planning where one can say that something is a ‘no-brainer’, but utilising pensions planning wherever possible is one.  Tax and Succession Planning expert Brona MacDougall advises. Income tax savings The saving that most people obtain from contributing to a pension is income tax relief. A basic rate taxpayer...

MTD deadline accelerated

1st September 2021
Whilst the Finance Bill 2021 was fairly low key, one announcement might mean a year has been slashed from a crucial Making Tax Digital (MTD) deadline for many unincorporated businesses. What’s the full story? Kenny Logan takes a look. A major aim of MTD is to bring the payment date for all taxes closer to...

Vacancy – Payroll Administrator

31st August 2021
We have a vacancy for a Payroll Administrator within our Payroll Bureau. Our Payroll Bureau is responsible for providing payroll services to clients of the practice. Based preferably at our Hawick Office, however would consider being based at our Galashiels, Peebles and Biggar offices. Salary dependent on experience. ABOUT JRWCA As one of the largest...