November 2020

News Posted

Trading with the EU

23rd November 2020
(from January 1 2021) There are a number of changes for a business that wishes to trade with the EU after the 1st of January 2021, and failure to comply with these procedures will result in the disability to import or export goods. These changes will mainly affect 5 areas: trade, goods, services, people and...

Business Closure Grant

19th November 2020
From 2 November, if your business has been required to close by law or change its operations due to Covid-19 restrictions then you may be eligible for grant funding. There are two different types of grants on offer and they will be paid every 4 weeks in arrears for as long as the restrictions last....

Home offices and tax

9th November 2020
Whilst workplaces continue to be closed for an extended period, more and more people decided to create a dedicated workspace at home. HMRC is now targeting these spaces – how can you avoid a tax bill?  Tax Expert Brona MacDougall advises. As offices closed across the country back in March, working from home has became...

Extension of the Furlough Scheme

6th November 2020
Over the last few days, there has been a lot of talk in the media regarding what the second lockdown in England would mean for the Job Support Scheme (JSS) – which was due to replace the Coronavirus Job Retention Scheme (CJRS) on 1 November. However, on the 5 November, Chancellor of the Exchequer Rishi...

Extension of the Coronavirus Job Retention

4th November 2020
Updated 4th November 2020 Over the last few days, there has been a lot of talk in the media regarding what the second lockdown in England would mean for the Job Support Scheme – which was due to replace the Coronavirus Job Retention Scheme (CJRS) on 1 November. However, on the 31 October, Prime Minster...

Self Employed Income Support Scheme Changes

4th November 2020
UPDATE 4th November 2020 To coincide with the changes to the CJRS and JSS , the SEISS (Self Employment Income Support Scheme) will be doubled back up to the previous amount of 80% of average trading profits for the entirety of November and the claims window for this brought forward from 14 December to 30...

Protecting the value of your home from IHT

4th November 2020
The residence nil rate band (RNRB) can increase the amount of your estate that will escape inheritance tax. But when can the RNRB apply and what steps can you take to ensure that your beneficiaries benefit from the tax savings?  Lauren Herbert discusses. Naturally, you want your beneficiaries to receive as much of your estate...

Planning a Trust for your kids?

3rd November 2020
You may think that having a Trust for your adult kids is a very sensible thing to do, indeed what could possibly go wrong? But the truth is that there are a number of potential tax pitfalls when parents transfer investment property into a discretionary trust for their adult children. Tax Expert Brona MacDougall takes...

Meet the Team

1st November 2020
Brona’s story and experience We are delighted to announce that tax expert Brona MacDougall, who has been with JRW for the pa st 2 years, has recently become a Partner in the firm. As a specialist in agriculture and trusts, this is an exciting appointment and tax expert Brona will continue to make a huge...