News by Category

JRW and Hogg & Thorburn to merge

15th April 2024
PRESS RELEASE In a significant expansion, two of the leading accountancy firms in the Borders have announced that they have merged. Taking effect on 6th April 2024, this exciting merger sees Hogg & Thorburn and JRW joining forces as part of a newly expanded firm, to be known as JRW Hogg & Thorburn. This latest...
Rental Unit

Pros and cons of charging your company rent

5th December 2023
If you own the trading premises of your business, charging rent can be a good way to extract income. The trouble is it can increase any capital gains tax (CGT) payable if you sell the property. Can the income tax saving justify the extra CGT? Kenny Logan from our Edinburgh office takes a closer look....

Pension contributions for your partner

29th September 2023
A business associate says he gets a tax break by getting his company to pay a pension contribution for his spouse who’s currently not working. Is this something you should consider?  Head of Payroll and Partner Joanne Gibson takes a closer look below. You are possibly aware that individuals aged under 75 can, in theory,...

IHT and ‘Gift with Reservation’ rules

7th September 2023
You want to reduce the potential inheritance tax (IHT) on your estate. An acquaintance has suggested transferring ownership of your home to your children. HMRC rules say that this does not work if you still live in it. Is there a way to legitimately avoid this the rule?  Find out more from Head of Tax...

Don’t forget P60s

25th April 2023
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...

Are electric cars worth the salary sacrifice?

20th May 2022
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

14th December 2021
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...

When is selling land or buildings “trading”?

8th October 2021
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...
JRW Buy_to_let guide

A Guide to Buy To Let

27th May 2021
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...
James Rosie Advert Southern Reporter May 1921

Centennial Celebration

26th May 2021
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...