Inheritance tax (IHT) planning often involves giving away your wealth, but as a business owner business property relief (BPR) can significantly reduce IHT. What can you do to help your estate achieve the maximum relief? Inheritance tax expert Brona MacDougall advises. IHT and business property Where you own a business, or a share of one,...

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...

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...

We are proud to have such an amazing team at JRW and our specialists always try to go the extra mile for clients. We recently received a lovely letter from one of our charity client’s WorkingRite to thank JRW for our accounting work, and in particular, to thank Gail Trojan for her commitment, support and...

Expenses for travel to temporary workplaces Q. In April 2020 we furloughed an employee who since June 2019 had been temporarily working away from her normal workplace. She is about to return to work at the temporary location and is expected to be there for the next six months at least. We have always paid...

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...

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,...

If you are eligible for the fourth SEISS grant it is likely that HMRC have already contacted you by email, letter or text message to invite you to apply from late April 2021. The exact date on which an individual’s personal claims window opens will differ from person to person but the scheme will close...

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...