UHY Ross Brooke Chartered Accountants
Updated Dec 2024 Inheritance tax (IHT) is the tax paid on lifetime chargeable transfers and the estate (property, money, and possessions) of someone who’s passed away. However, with careful planning and an understanding of the available reliefs and exemptions, it’s possible to minimise the amount of inheritance tax payable. Here
HMRC has recently been writing to company owners regarding dividend income. This is after reviewing the accounts companies who have depleted their reserves, on the basis that owners may have paid them out in dividends. If such dividend income has not been declared to HMRC, owners are advised that they
No this isn’t some deep and meaningful blog about the meaning of life. My question is, when you talk to me, how do you know this is really me Chris Davies? How do you know you are not talking to a deepfake version of me? by Chris Davies In a
AI continues to be high on the agenda in business and UK government policy. Members for a new forum, the AI Opportunity Forum, have now been appointed to help boost AI adoption amongst businesses. Microsoft, Google, Barclays and Vodafone are all included in the member ranks, with the first meeting
The Bank of England and HM Treasury have published their response to a consultation on a digital pound that was started in February 2023. The proposals for a digital pound include: It would complement the role of cash and give people and businesses more choice in how they make and
Delivering better customer service Blog by Rhys Madoc CEO, UHY International In 2024, every business needs a digital strategy. That is not the same as having a website and email address. It is about using digital processes, not only throughout your business but also, and perhaps most importantly, in the
The average Inheritance Tax bill is estimated to rise to £239,000 this year. With rising house prices, and a freeze on thresholds until April 2028, around 30,000 families are predicted to be affected this year alone. Revenue from IHT to the Treasury for 2022/23 was over £7bn, and the total
The amount of National Insurance contributions that you make over your ‘working’ life dictate how much state pension you will be entitled to when you retire. There are times when contributions are missed, during periods of not working for instance, and these result in gaps in your NI record. It
The Department for Business and Trade are making changes that will ban dripped fees, make fake reviews illegal, and make sure that price labelling on supermarket shelves is clearer. These measures are part of the Digital Markets, Competition and Consumer Bill that is currently progressing through Parliament. Dripped pricing refers
In recent weeks there has been a flurry of online activity discussing the new law that will require online marketplaces to report information about income made by their users to HMRC. The discussion has led to many people asking questions such as “Will I have to pay tax on the