With Companies House increasing their fees from 1 May 2024, this will have an impact on every incorporated business in the UK. Kenny Logan from our Edinburgh office looks at the new fees and what these increases will mean. Companies House increase in fees will result in increased costs for all entities registered, including private...

HMRC is getting better at detecting and penalising people who make extra income but don’t declare it. With that in mind if you have a small side venture to make some extra cash, is it always necessary to declare it to HMRC?  Audrey Rankine outlines the details in this article. Naturally, HMRC is interested in...

You have been offered financial donations from friends and family to help start your new business. If it’s a success, you plan to reward them. What would the tax position be for the business and the donors?  Kenny Logan from our Edinburgh office explains. It’s far from unusual for close relatives and occasionally friends to...

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...

Jane has decided to turn her hobby into a business which she’ll run though a company. She bought stock and equipment for her hobby which will now be used for the business instead. Can it claim tax deductions for these costs? Brona MacDougall provides the answers. Pre-trading expenses You may already be aware that tax...

If you are the Director of a company, you will know that the taxation of dividends and benefits in kind has changed quite significantly in recent times. So, if you are considering taking more income from your company, which option should you choose for maximum tax efficiency? But before we do that, let’s look at...