UHY Ross Brooke Chartered Accountants
Employee Ownership Trusts (EOTs) have been gaining popularity in recent years as a means of enabling business owners to transition ownership while safeguarding the company’s future. But a common question arises when exploring this model: what happens to the profits in an EOT? Understanding how profits are treated within this
As the end of the tax year (5 April 2025) approaches, now is a good time to check that your family and business finances are arranged in the best way possible to ensure prosperity for you and your circumstances. As always, our purpose, helping you prosper, remains at the heart
Prior to April 2025, an individual resident in the UK but not UK domiciled, had the option to be taxed on foreign income and gains to the extent they were ‘remitted’ (brought) to the UK. In contrast, a UK resident and UK domiciled individual, did not have this option and
A Start Up Loan is a government-backed personal loan aimed at helping new businesses get off the ground, especially those who find it difficult to source finance from traditional lenders. Eligible new business owners can borrow between £500 and £25,000 at a fixed interest rate of 6% per year. Loans
The Charity Commission has issued a warning reminder to large, incorporated charities about changes to the law on preventing fraud. A new failure to prevent fraud offence will come into force on 1 September 2025 for all large organisations, including charities. Who does this apply to? This new offence is
Choosing the right audit firm for your business is a decision that can have a significant impact on your financial clarity, compliance, and growth. For SMEs in the Thames Valley and beyond, this choice is even more critical, given the unique challenges and opportunities faced by businesses in this region.
We’re thrilled to announce that UHY Ross Brooke Chartered Accountants and Business Advisers has been selected as a finalist in the Best Professional Services category at the NWN Best in Business Awards! This recognition highlights our unwavering commitment to delivering exceptional service to clients across the Thames Valley and beyond.
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