UHY Ross Brooke Chartered Accountants
One of the questions we are often asked is “which is the best way to buy equipment?” Let’s consider the options: Lease Leasing means renting an asset (such as machinery, vehicle or computer) from a finance company for a set period. After the lease term ends, you usually return the
In the last Budget the Chancellor announced a number of proposed changes to the taxation of Furnished Holiday Lets (FHLs) including Airbnb type lettings, but before looking at these it is probably worthwhile reminding ourselves of the existing rules. Tax advantages of FHLs Since the special tax rules were introduced
HMRC has received a £51 million boost from the Treasury to improve its helpline services. This funding will help HMRC meet and exceed its service targets, addressing recent challenges. This funding comes after HMRC considered cutting critical support lines for taxpayer self-assessment, VAT, and PAYE. Following backlash from stakeholders, these
Is a question I am asked fairly regularly, and my answer is that you can, but generally for tax reasons I wouldn’t recommend it. By Chris Davies Admittedly health insurance contributions will be a corporation tax deductible expense for the company saving tax at 19%, 25% or 26.5%, but depending
In the ever-evolving landscape of finance and taxation, businesses are constantly seeking ways to optimise their financial operations. One area that has seen significant advancement is the use of artificial intelligence (AI) in capital allowances analysis and reporting. Accountants who leverage AI software are providing their clients with unparalleled benefits,
Over the last two years, the tax-free allowance for capital gains tax has been cut by over three-quarters. For the tax year that recently began on 6 April 2024, the Annual Exempt Amount has been reduced to £3,000 (£1,500 for trustees). These reductions mean that more and more of us
A new digital service has been launched that makes it easier to check if you have any gaps in your National Insurance (NI) record that may affect your State Pension entitlement. The service is called Check Your State Pension forecast and can be accessed via GOV.UK or the HMRC app.
Email phishing attacks that target senior leaders and finance personnel in the business are on the increase. The National Cyber Security Centre (NCSC) has published guidance aimed at helping small to medium sized businesses to deal with Business Email Compromise (BEC). The guidance considers actions that you can take to
Turnaround is a team effort. Blog by Rhys Madoc CEO, UHY International Every business, department or team has periods when things don’t go to plan. Targets may be repeatedly missed. A marketing campaign delivers disappointing results. Team members either fail to give their best or their best seems some way
Square Point of Sale (POS) systems have become incredibly popular since they launched in 2017. The ubiquitous little square card reader now appears everywhere from busy restaurants to coffee carts outside train stations and even in taxis. Square’s card reader is a little square gadget that connects wirelessly to your