Straight from the horse’s mouth

The Scottish tax system – a perfect marriage

1st August 2018
The new five rate Scottish tax system has thrown up some problems since it was introduced, this time it’s a twist in the way that Marriage Allowance works. Some people will lose, whilst others will gain, but how can you work out which group you’re in? Brona MacDougall takes a closer look. As you will...

A ‘worker’ not self employed

27th July 2018
As you might have seen in the news recently, The Supreme Court has upheld earlier decisions confirming an individual’s claim that he was a ‘worker’ and not self-employed. But what are the tax and NI consequences of this ruling? Joanne Gibson discusses the Pimlico Plumbers case and its decision on employment status. The long-running and...

Clever Planning for Inheritance Tax

27th June 2018
Inheritance Tax could potentially cost your loved one’s hundreds of thousands of pounds, yet it is possible to dramatically reduce this or even to pay none at all. Brona MacDougall our Senior Tax Manager provides you with some superb advice for effective IHT planning. Inheritance Tax (IHT) is a tax on the estate of someone...

Childcare Vouchers are Changing

11th June 2018
Childcare Vouchers are an employee benefit for all eligible working parents but with the current system changing in October, anyone thinking about it should act now. Joanne Gibson takes a closer look. Childcare Vouchers are a Government approved, tax-efficient way of paying for childcare and are an employee benefit for all eligible working parents. And...

Cycle to work schemes

1st June 2018
The better weather has finally arrived, and you are thinking about introducing a Cycle to Work scheme in your workplace. There are several options available to you including ready-made cycle schemes, the DIY alternative or a mixture of both. Bob Johnstone takes a closer look at the pros and cons. Cycle to work exemption You...

Payroll like clockwork

29th May 2018
Managing Payroll is one of those core business functions that you might believe is better kept in-house, but as our new Payroll Bureau Manager Joanne Gibson informs you, there is a compelling case for outsourcing it. As a business owner you will know that employing a workforce requires a good understanding of your legal obligations...

Position Vacant – Office Junior

24th May 2018
As one of the largest accountancy firms in the Scottish Borders, our team of experts have an unrivalled wealth of experience, providing clients with a full range of specialist accountancy and financial services, therefore this is a great opportuntiy for those interested in a career in administraion, business management and accountancy. The work base for...

PENSION RELIEF FOR SCOTTISH TAXPAYERS?

2nd May 2018
The new Scottish tax rates left taxpayers pretty confused over how they would work with tax relief for pension contributions. What are HMRC saying about this? Kevin Crowford takes a closer look. When the new Scottish five-tier tax rates were announced there was no mention of how this would fit in with the UK three-tier...

VALUE ADDED MOTORING

1st May 2018
VAT rules for cars used in your business are notoriously strict but for some types of motor running expenses, they are surprisingly generous. John Craig explains what are they and how can you take maximum advantage of them? Except in the rare situation that you can prove to HMRC that a car is used 100%...
Kevin Crowford, Partner at JRW CA

INCORPORATING YOUR BUSINESS – The Hidden Tax

29th March 2018
You are looking to incorporate your business and you’ve heard that any resulting tax charges can be legitimately mitigated. However, there is tax to pay as Kevin Crowford shows in his latest blog. Undoubtedly one of the main reasons for transferring a sole trader business to a company in which you own shares is tax...