UHY Ross Brooke Chartered Accountants
I often write blogs about AI and ESG and I thought that it was time to explain how these can combine to create big benefits. By Chris Davies Businesses across the UK are under growing pressure to show they are acting responsibly when it comes to the environment, social issues,
From April 2026, Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will become mandatory for many self-employed individuals and landlords in the UK. While HMRC’s digital overhaul has been on the horizon for some time, there’s still a great deal of confusion and misinformation around what it
The National Cyber Security Centre have published new guidance for organisations on network security fundamentals. Using networks has become fundamental to many businesses, ensuring they continue to operate and stay secure. The guidance splits into the following 8 sections: Identifying your assets Understanding the threat Restricting access Designing network architecture
With a relatively short time left before the end of the current tax year, now is the time to be undertaking some serious year end tax planning prior to the forthcoming 5th April. Ideally, you will want to take advantage of all reliefs and allowances, reduce your personal tax rate
News reported last week said that the Chancellor has put together draft plans for spending cuts to welfare and other government departments. At the time of the 2024 Autumn Budget, the Office for Budget Responsibility (OBR) said that there was a £9.9 billion buffer available against the Chancellor’s own self-imposed
As accountants, we are often asked whether splitting a business into separate legal entities (eg sole trader and partnership) can help avoid VAT registration. While this may seem like a logical step for small business owners wanting to remain below the VAT threshold, HMRC has clear rules regarding VAT disaggregation,
UK Inheritance Tax (IHT) receipts are on course to hit a record high by the end of the 2024/25 tax year, with figures showing that between April 2024 and January 2025, collections have already reached £7 billion – a £700 million increase from the previous year. If this trend continues,
Environmental, Social, and Governance (ESG) principles are no longer just the domain of large corporations. Increasingly, SMEs are expected to demonstrate responsible business practices that align with ESG standards. While the pressure from regulators and stakeholders grows, the benefits of embracing ESG go far beyond compliance. However, there’s a fine
From 6th April 2025, the removal of domicile as a connecting factor for inheritance tax (IHT) will have a significant impact on trusts and not just individuals. Prior to 6th April 2025, non-UK assets could be settled on trust by a non-UK domiciled settlor and remain outside the scope of
The new tax year starts 6th April 2025, so you have one month to consider your options, once we pass this date the majority of the tax planning options for Income Tax and Capital Gains Tax purposes will cease unless actioned before 6th April. Do you fall into any of