National Minimum Wage increases this month As you will know, the National Minimum Wage (NMW) is the minimum amount per hour that most workers in the UK are entitled to be paid. NMW rates increases come into effect on 1st October 2015 as follows: •    The adult rate will increase by 20 pence to £6.70...

By Joanne Gibson BA CA, Associate, JRW Chartered Accountants Putting savings away for your children’s future definitely won’t impress a young child much now – especially when they realise they can’t access that pot of money till they are 18. But as the old saying goes ‘they grow up fast’ and they most certainly do,...

After someone dies, the people looking after their affairs have to add up the value of what is left behind and take off any debts and expenses. Depending on how much is left in the person’s estate (their property, money and possessions) there might be Inheritance Tax to pay. Inheritance Tax is paid if a...

With the release of Windows 10 in July we have found that some of our clients have chosen to upgrade to the new version in order to take advantage of their upgrade offer. As with all major operating system upgrades there can be some knock-on implications for software running on these upgraded machines, particularly if...

We deal with all types and sizes of business and a question we are asked on a daily basis is ‘What type of business structure should I trade under?’ Of course this is always a vital consideration for new business start ups but because your business format is not set in stone forever, established businesses...

by Kevin D. Ferguson BA CA, Partner , JRW Chartered Accountants   In this month’s article we provide a summary of the key tax points from the Summer Budget. We have mainly concentrated on the tax measures that will directly affect individuals, employers and small businesses in 2016 and 2017. Tax rates and the personal...

As we approach the traditional summer holidays period the JRW team have been talking about books that those of us who are lucky enough to go on holiday might take with them.  And even if you are not going on holiday there is nothing better than sitting in the sun enjoying a good book.  So...

On the 8th June 2015 the paper driving licence disappeared as part of the UK government’s policy to streamline services and save money.  In fact the DVLA are advising that paper copies should now be destroyed unless your licence dates back to pre 1998 when the photo cards were introduced and even if you do...

In the Scottish Borders May to August is Common Riding Season with each town choosing its principal in May and then Common Riding season starting in earnest with the Hawick Common Riding.  Ride-outs involve hundreds of horses to mark the boundaries of the town and celebrate the town’s and regions rich history. If you have...

On 6 April 2015 a new Marriage Allowance came into effect, offering tax benefits for eligible couples.  The allowance applies to married couples and civil partnerships where one of you doesn’t pay tax and the other doesn’t pay more than the basic rate of income tax (20%).  It allows the non-tax payer to transfer up...