News by Category

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

EV charging, what’s changed?

1st December 2023
HMRC has recently changed its guidance on electric vehicle (EV) charging costs. If you are an employer who followed HMRC’s original guidance, what steps should you now take?  Audrey Rankine explains. After a long wait HMRC has corrected its guidance on the tax and NI treatment of payments by employers to employees for electric vehicle...

Full expensing explained

31st October 2023
You have heard that all equipment bought for your business now qualifies for 100% relief as a deductible expense, so there’s no need to keep a separate record of it as expenditure. Is this correct and why does it matter? Naomi Swan provides the answer. The Spring Budget 2023 introduced full expensing which temporarily applies...

Corporation Tax and Associates

3rd October 2023
The main rate of corporation tax increased to 25% from 1 April 2023. The relevant thresholds must be shared between companies that are Associated, which means the increase will affect some businesses more than others. Is there a way around the problem?  Kenny Logan from our Edinburgh Office explains here in this article. Since April...

Workplace Charging Scheme

3rd October 2023
Are you thinking about making the move to electric company cars and vans or looking to provide more electric vehicle (EV) charging points for your workers’ own cars?  Naomi Swan advises below. Then you should consider taking advantage of the Workplace Charging Scheme (WCS). It’s a voucher-based scheme that provides eligible businesses with support towards...