UHY Ross Brooke Chartered Accountants

Category: All insights

trainee accountant

Why choose us as accountants for your business start up?

If you are a young entrepreneur then UHY Ross Brooke is well placed to support you. Our experience shows that younger clients who are setting up a business have great ideas and boundless energy and enthusiasm, but their lack of business experience can leave them vulnerable to mistakes which can

Read More »
child benefit and income tax

Do children pay tax?

Children and young adults (under the age of 18) are generally taxed on any income and gains they may receive in the same way as adults. By Tom Annat – Tax Manager Children are entitled to a tax-free personal allowance for income tax (currently £12,570) as well as the capital

Read More »
crypto tax advice

Crypto complexity – where are cryptoassets located?

Crypto currency is a topic which is rarely far from the news headlines these days and not always for the right reasons. By Tom Annat, Tax Manager The early hype suggesting we would all be buying our morning coffee with Bitcoin has yet to come to fruition. Whilst for many,

Read More »
goodwill assets tax

Applause for 300,000 volunteer governors and trustees

School Governors’ Awareness Day is on 28th February 2023, with the aim of raising awareness of the incredible contribution school governors and trustees make to the lives of our young people, their schools and academies. The roles often come with little formal training for the 300,000 volunteers who are responsible

Read More »
tax efficient gifts to employees like shopping vouchers

Tax-free incentives for directors and employees

Are you thinking about the next tax year, and how you can give greater benefits to your employees? By Phil Kinzett-Evans Here are some examples of the types of tax-free assistance the tax legislation allows, which you should bear in mind when thinking about how to maximise the package you

Read More »
working from home tax relief expenses

Pre-April tax planning reminder

The new tax year starts 6 April 2023, so you have a couple of months to consider your options. Once we pass this date the majority of the tax planning options for Income Tax and Capital Gains Tax purposes will cease unless actioned before 6 April. Do you fall into

Read More »
act now HMRC deadlines

Top tips for 2022-23 year end personal tax planning

With the end of the tax year approaching on 5th April, now is a good time to review your tax position and take some simple steps to make sure your tax affairs are as efficient as possible. Savings Gifts Sharing your assets None of the foregoing constitutes advice. Individual circumstances

Read More »
business owners

Top 5 reasons for outsourcing payroll

There are a multitude of reasons why payroll can go wrong, and these can have costly consequences for the company and employees alike. Consequences of getting payroll tasks wrong At best, receiving incorrect or late pay for the employee is a temporary irritation; at worst it can lead to serious

Read More »
tax efficient gifts to employees like shopping vouchers

Show your staff some love this Valentine’s Day

As business owners, it’s too easy to get bogged down in the business: keeping customers happy chasing debtors and dealing with red tape. Sometimes we need to look up at the staff around us who keep all these things possible and say thank you. With Valentine’s Day approaching, maybe it’s

Read More »