UHY Ross Brooke Chartered Accountants
Employee Ownership Trusts (EOTs) are becoming an increasingly popular business structure in the UK. Introduced in 2014, EOTs provide a tax-efficient way to transition ownership while fostering employee engagement and long-term business sustainability. There are several compelling reasons why businesses should consider adopting this innovative model. By Chris Davies One
UHY Ross Brooke was one of 27 local businesses who stepped up last week, donating essential items to help those in need. The Newbury Soup Kitchen received their first delivery on Friday, with more to follow this week. Meryl and her team work hard all year round to provide a
Creating a government business tax account with Her Majesty’s Revenue and Customs (HMRC) in the UK is an essential step for businesses to manage their taxes online. Here is a step-by-step guide to help you set up your account. 1. Prepare information Before starting, ensure you have the necessary information
This is a timely reminder that employers may make small tax-free gifts to employees and directors if all of the following conditions apply: This is known as the ‘trivial benefit’ exemption. Employers do not need to pay tax or National Insurance or let HMRC know, however, they need to keep
The Swindon office took part in RunVember, where our team had to run/walk a minimum of 1 mile each day; 30 days, 30 runs. Most days, the team completed more than 1 mile together through walks at lunch time, runs after work and attending local park runs on the weekend.
With last week being Charity Fraud Awareness Week, the Charity Commission has unveiled updated guidance to help trustees protect their charities from fraud and cyber crime. This follows the regulator revealing that it opened 603 cases related to fraud and 99 cases involving cyber crime in the past year. Simplified
HM Revenue and Customs (HMRC) have issued a reminder to be careful about scam attempts that target people filing Self Assessment tax returns. In the last year, nearly 150,000 scam attempts were referred to HMRC, a 16.7% increase on last year. With the 31 January 2025 filing deadline approaching, fraudsters
By Mathew Browne Definition of a large company for quarterly instalment payments (QUIPs): A large company is one whose profits for the accounting period in question are at an annual rate of more than £1.5 million but less than £20 million. Accounting period beginning after 1 April 2023: For accounting
Reflections on the October 2024 budget By Michael Brooke – Partner The landscape has definitely changed over the past few weeks following the first budget of the new Government but how should this affect planning? The main headlines around family businesses are: Business Property Relief (BPR) and Agricultural Property Relief
The announcement in the Autumn Budget about restrictions to inheritance tax (IHT) agricultural and business property relief from April 2026 has upset farming businesses in particular, resulting in a demonstration in London on 19th November. From 6 April 2026, it is proposed that 100% relief will only apply to the