P60s are important documents used to summarise an employee’s tax information at the end of the tax year. But what is the deadline for issuing P60s and who needs to receive one?  Natasha Crockatt, from our Payroll department advises. A P60 is an important document that provides a formal statement of an employee’s pay, tax, NI and...

With climate change and the cost-of-living crisis high on everyone’s agenda, is this a good time to look at an electric company car policy? What benefits would such a scheme bring? Brona MacDougall advises. Company cars have fallen out of favour in recent years as tax charges have risen and the optional remuneration arrangement changes...

PART-TIME BOOKKEEPER (on behalf of a client) Jedburgh location We are assisting one of our clients in the retail trade in looking for a part time bookkeeper due to retirement. The role is normally a half day each Tuesday, based in Jedburgh, and currently involves : • Processing of purchase ledger invoices, payments and assisting...

The First-tier Tribunal recently ruled on whether profit made from the sale of land bought as part of a residential property was taxable as trading income or capital gains. What was the outcome and why?  Brona MacDougall looks at this in more detail. The dispute The case of Heather Whyte v HMRC followed a long...

In our Buy to Let Guide, we look at the pros and cons of letting out residential property in the UK (including furnished holiday accommodation) for the tax year beginning 6 April 2021. We do not cover the letting of commercial property in this guide but are happy to advise on that area of investment...

In May 1921 James Rosie opened his accountancy practice in Galashiels. Obviously, the firm has grown over the 100 years, not least merging with Welch & Co in 2007 to form JRWCA, however we thought it might be interesting to look back. And we are sure some of our ‘Rosie’ clients will remember some of...

On budget day (or 3 March 2021 for those of you who didn’t have this in the diary) the Chancellor confirmed that the Coronavirus Job Retention Scheme (CJRS) will now run until 30 September 2021. Up to and including 30 June 2021 you can claim, and must pay the employee, 80% of their reference pay...

Something that many people have discovered during lockdown is that it is possible to work effectively from home. But perhaps you are now keen to create a more permanent work space at home and are thinking of investing in a garden office. What are the key things to consider and are there any tax implications?...

You sold your house and moved to a new one a few weeks ago, you thought all of the paperwork was complete, but someone tells you that you now need to tell HMRC about the sale or face a fine. Are they right? Property expert Wendy Noble provides the answer. The rules for reporting the...

Some firms are offering staff discounts to help keep the business ticking over and the cash flowing. If you decide to do the same, what are the tax implications? Money off Perks are often used as a way to keep staff happy when you are struggling to offer a pay rise. However, offering them a...