UHY Ross Brooke Chartered Accountants
In a recent article published in the FT Advisor, our Crypto Tax Director Phil Kinzett-Evans describes the tax challenges facing crypto investors. These issues include: Cross border regulation and reporting UK tax classification – Capital Gains or Income Tax? When is a crypto currency conversion liable for tax? Tax implications
The value of HMRC tax penalties has increased drastically in the last year. The harsh penalties are hitting businesses, putting financial pressure on individuals and businesses in the face of high interest rates and the looming threat of recession. Publication featured in: CityAM, International Tax Review, Business Matters and Accountancy Today. Our offices have found
Funding of up to £50,000 together with a package of tailored non-financial support is available to apply for by high-potential micro and small businesses that are either from or support the creative industries. Innovate UK, which is part of UK Research and Innovation, is making this funding available as part
In response to the increasing number of cyber attacks against SME’s, the National Cyber Security Centre (NCSC) is providing a funded Cyber Essentials programme to help small businesses in certain sectors across the UK implement essential security controls. While all businesses face cyber threats, some that hold sensitive information or
Committed to helping you prosper To bring in the new year, we have carefully curated a selection of articles aimed at helping you prosper through these still somewhat unsettled times. Our last edition of Prosper was released in July of last year and since then the economic hardship the country
In recent news, a registered wild cat conservation charity, The Cat Survival Trust, is under investigation by the Charity Commission for continuously failing to file financial accounts. This unfortunate situation highlights the importance of trustees of charities understanding their role and legal obligations in order to ensure effective governance and
Less than one month before the self-assessment submission deadline, 5.7m people still had not filed their tax return. Over 12 million people are required to submit tax returns for 2022/23, many as a result of overlooked income such as renting out property through Airbnb, cryptoassets, having savings, investments or even
For as long as I can remember forms P11D (Returns of Benefit in Kind) have been a mainstay of our tax system. I recently googled when they first came into existence and surprisingly it was as far back as the 1960s. By Chris Davies The original purpose was to tax
Storm Henk caused widespread flooding and damage across England during the first few days of 2024, affecting households and businesses alike. Following this, the government has announced that financial support is available to eligible areas in England that have experienced exceptional localised flooding. In these eligible areas, the following help
HM Revenue and Customs (HMRC) have announced that nearly 44,800 people have sorted their upcoming 31 January tax bill by setting up a payment plan. HMRC provide the option of a monthly payment called Time to Pay (see link below). Provided taxpayers owe less than £30,000, they can use HMRC’s