UHY Ross Brooke Chartered Accountants
Despite being in existence for some 15 years, the effects of the personal allowance restrictions are surprisingly unknown by many. The personal allowance restriction means that ‘higher earners’ see their personal allowance reduced by £1 for every £2 of income received above £100,000. This threshold has not changed since it
The introduction of Making Tax Digital (MTD) for the self-employed and/or landlords with combined income exceeding £50,000 is scheduled to take effect from April 2026. MTD fundamentally shifts the way tax records are maintained and how information is submitted to HMRC. The traditional approach of annual tax returns will be
When it comes to navigating the UK tax system, there is a growing sentiment that it feels increasingly unfair—especially for middle-income households. While taxation is vital for funding public services and infrastructure, the current structure appears to burden certain income brackets disproportionately, often leaving middle earners caught in an uncomfortable
The ninth edition of Prosper features insights into the latest business developments, tax updates and advice to help businesses prosper in 2025 and beyond. Our magazine contains the following articles, amongst many others: The importance of ESG for your SME: Understanding how Environmental, Social and Governance considerations are becoming essential for
As the 31 January tax return deadline approaches, many individuals across the UK may find themselves wondering whether they need to declare sales of clothes and personal possessions made on platforms such as eBay, Vinted, or similar online marketplaces. While these platforms have made it easier than ever to declutter
In the mid-19th century, Charles Darwin’s observations of finches on the Galápagos Islands led him to a revolutionary idea: survival depends not on strength or intelligence alone, but on the ability to adapt. In a similar vein, how will the emergence of Deepseek in the AI marketplace affect established players
Understanding ESG ESG stands for Environmental, Social, and Governance—three critical factors that help assess an organisation’s impact on society and the environment, beyond just financial performance. It’s not just about being “green” or “ethical”; it’s about building sustainable, transparent, and responsible practices that create long-term value. • Environmental looks at
In recent years, environmental, social, and governance (ESG) commitments have become an integral part of business strategy. Companies are increasingly realising that prioritising sustainability and reducing their carbon footprint is not only good for the planet but also beneficial for long-term growth and reputation. For small and medium-sized enterprises (SMEs)
When it comes to auditing, small and medium-sized businesses often find themselves navigating a crowded marketplace of firms promising efficiency, accuracy, and compliance. However, not all audit services are created equal, and the choice of audit partner can significantly influence the quality of the audit and the value it brings
Employee Ownership Trusts (EOTs) have well publicised advantages for the business owner selling his shares, not least the possibility of 0% tax on the sale. But what advantages are on offer for the employees? By Chris Davies EOTs offer employees a unique opportunity to share in the ownership and success