News by Category

Electronic or paper invoices?

12th March 2024
You have recently switched to electronic invoicing. However, some customers are insisting on paper invoices. Must you comply with these requests?  Elaine Wight answers this question below. While the design and layout of your business invoices is up to you, there are government regulations that require you to include certain information about your business and...

Construction industry scheme – what’s the latest?

11th March 2024
In a move to prevent or at least reduce tax avoidance, changes to the construction industry scheme (CIS) rules takes effect from April 2024. As a contractor or subcontractor in the industry, what do you need to know?  Naomi Swan provides an update in this article. The main aim of the construction industry scheme (CIS)...

To lease or buy?

5th March 2024
Your business is growing and you are considering whether the company should lease or buy new premises. What factors do you need to take into account before making a decision?  Associate Kenny Logan from our Edinburgh office discusses the options in this article. Leasing There are several reasons why it could make more sense for...

Company v bank loans?

1st March 2024
If you need a loan and your company has available cash, is it more tax efficient to borrow from it instead of your bank?  Kenny Logan from our Edinburgh office discusses below. Borrowing interest free cash from your company (that it doesn’t have to borrow to lend to you), instead of via a bank loan...

Vacancy – Experienced Accounts Staff

13th February 2024
Required due to continued growth JRW are recruiting Experienced Accounts Staff to assist primarily with accounts preparation for limited companies, sole traders and partnerships. Previous experience of professional accounts production software and procedures essential. Experience of Iris accounts production software an advantage. A team player with excellent interpersonal, time management and organisational skills combined with...

Get ready for changes to UK company law

2nd February 2024
“Companies House is an executive agency of the Department for Business and Trade. We incorporate and dissolve limited companies. We register company information and make it available to the public. We are approaching a pivotal moment in our history. The Economic Crime and Corporate Transparency (ECCT) Act will fundamentally change our role and our purpose...

The tax implications of writing off a loan

31st January 2024
The Managing Director of a company, who is also the main shareholder, has given loans of £25,000 to the company to support it through the economic downturn. The company’s losses for the latest year end are £30,000. As the director’s loan is currently showing as a liability, the director is considering writing it off to...

The gift of capital allowances

30th January 2024
You received a new laptop for Christmas which you will use for work. Even though it cost you nothing, can you claim a tax deduction in respect of the business use?  Kenny Logan from our Edinburgh office provides the answer below. A gift with extra benefit It’s nice to receive gifts and apart from thanking...

What do the NI rate cuts mean for you?

15th January 2024
What do the NI rate cut changes mean for both the employed and the self-employed? And what action do you need to take, if any?  Natasha Crockatt from our Payroll team explains below. Classes 2 & 4 currently The self-employed currently pay two classes of NI contributions – Class 2 and Class 4. Class 2...

Seasons Greetings

24th December 2023
From all at JRW we wish you a very Merry Christmas and Happy New Year   Our offices will reopen on the 4th January at 9am