Business advisory

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Spend Now, Pay Later

21st September 2021
The Super-Deduction and the Increase in the Main Rate of Corporation Tax Rishi Sunak’s plan for replenishing the public purse consists of encouraging businesses to invest heavily now to strengthen the economy, so that by 2023 they will be resilient enough to start paying tax at much higher rates. The government anticipates a £10bn loss...
Joanne Gibson, Partner JRWCA

Joanne becomes our newest Partner

18th May 2021
We are delighted to announce that Joanne Gibson has just become our newest Partner in the firm. As an Associate with the firm and our Payroll Manager, Joanne will already be well known to many of you. As JRW continues to grow and expand, this exciting appointment recognises Joanne’s considerable talent and demonstrates a continual...
Virtual meetings for charities

Virtual meetings for charities?

22nd April 2021
Since the pandemic began, our charity clients have been asking us if they are allowed to hold meetings virtually instead of in person. To help charities understand what action they must take, our charity expert Kevin Ferguson brings you some useful Q&A’s on the subject in relation to the requirements of the Scottish Charity Regulator,...

The Recovery Loan Scheme is now live

20th April 2021
The Chancellor announced that the British Business Bank will manage the Recovery Loan Scheme (RLS), which opened to applicants on 6 April 2021 and will run until 31 December 2021. Various major banks (23 at last count) have already been accredited for this scheme – here is the full list Finance is available for ANY...

Incentive for ‘green’ cars extended

22nd March 2021
Despite the financial pressures caused by the pandemic, the government has gone ahead with the planned extension to tax breaks for environmentally friendly vehicles. What might this mean for your business? Bob Johnstone advises. Businesses wanting to take advantage of the capital allowances (CAs) tax break for environmentally friendly cars and other vehicles have been...

New grants to help SME’s with importing or exporting

21st February 2021
The new SME Brexit Support Fund aims to help businesses get to grips with post Brexit importing or exporting rules.  The government has just announced this new fund which can give grants of up to £2,000 to help with training or professional advice on exporting for businesses with up to 500 employees.  Euan Welsh takes...

Who pays the tax on staff discounts?

2nd December 2020
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...

December Q&A

1st December 2020
Is there VAT on renting out farmland? Q. I have agreed to rent a field from a farmer who is unsure whether he must charge VAT. As far as I am aware, as long as he has not opted to tax the land he does not charge VAT. Is this correct? A. The answer here...

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...

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...