UHY Ross Brooke Chartered Accountants
Well, here we are, in the aftermath of what felt like the most eagerly anticipated budget ever (maybe). The sky hasn’t fallen in but there is certainly lots to consider. Back in March 2024 our ‘reform of the non-dom taxation’ blog summarised the changes to the non-dom rules which were
The 2024 Budget brought clarity to the Employee Ownership Trust provisions, addressing potential misuse while supporting businesses that have genuine intentions. Key changes include a ban on offshore trustees, mandatory market valuations and a focus on long-term employee ownership. By David Jones – Tax Director For years, there has been
There were significant changes in the Budget on the 30th October 2024 that will have a major impact on Estate Planning in the future. This note is not intended to be all embracing but seeks to address the concerns of our typical clients. By Michael Brooke FCA TEP The major changes
The current State Pension is £11,502 and is due to rise to around £12,000 a year for 2025/26. At current annuity rates it would cost over £300,000 to receive an index-linked annuity starting at £12,000 a year, so it’s important to maximise your entitlement. In order to receive a full
In recent years, there has been growing concern about the risks associated with spurious R&D tax credit claims. Some unregulated firms claiming to specialise in this area have come under investigation by HMRC, leading to serious consequences for their clients. One recent example is Green Jellyfish, a company that collapsed
As the Budget date approaches, what might we expect to see announced on 30 October? By Chris Davies The government faces a considerable fiscal challenge, with a projected £22 billion shortfall, necessitating decisive action to manage public finances. While significant tax increases on income, VAT, or National Insurance have been
Reducing the carbon footprint of your small or medium-sized business is both a responsible and achievable goal. Over a span of say five years, with small, steady changes, your business can make a significant positive impact on the environment. It’s important to remember that sustainability is a gradual journey that
Companies House have rolled out a new penalties regime as part of a broader effort to boost corporate transparency and combat economic crime, following the implementation of the Economic Crime and Corporate Transparency Act 2023. This could mean tougher consequences in the shape of financial penalties for companies that don’t
As of 1st October, new laws are in place to ensure that workers keep 100% of the tips, gratuities, and service charges they earn. This is a major development for employees in sectors such as hospitality, where tipping plays a significant role in take-home pay, and for employers, who will
October is always an exciting time with Halloween right around the corner (we’re all looking forward to seeing the creative costumes our team will come up with this year). But beyond the fun, October is also Cyber Awareness Month, a time to focus on safeguarding our organisations from digital threats.