UHY Ross Brooke Chartered Accountants
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
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
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
Just hours before the self-assessment submission deadline, 2.7m people still had not filed their tax return. Over 12 million people are required to submit tax returns for 2021/22, many as a result of overlooked income such as renting out property through Airbnb, having higher levels of savings, investments or even
In light of the revelation that the government minister Nadhim Zahawi has just received a £1.5m fine for a careless error on his tax return, and as the filing deadline for 2021/22 tax returns is now upon us, we thought it would be a good time to consider: “ What
Over the years we have built close relationships with many charities and their trustees who rely on us for a range of audit, compliance and accountancy services. By Kerry Hawkins Our charity trustees tell us that their biggest concerns include: The good news is that our clients do not feel
Innovate UK, part of UK Research and Innovation, will invest up to £6 million to help develop industry ready robotics and automation solutions for deployment within manufacturing production environments. The solutions should focus on demonstrating innovations to deliver productivity, sustainability, and resilience improvements to the manufacturing processes. Your project must:
Currently HMRC is undertaking a consultation process regarding the potential options to simplify the UK’s R&D regime. Proposals are that the existing RDEC and the SME reliefs would be replaced, potentially with effect from 1 April 2024 (according to the Treasury). Going forwards only a single R&D scheme based on
Whether you are self-employed, a company director or an employee, pension contributions can be an extremely effective way of reducing your income tax or corporation tax liabilities. Not only that, but it obviously makes provision for your financial security in later life and can be a very important part of
The Annual Tax on Enveloped Dwellings (ATED) is a tax charge broadly payable by corporate entities holding UK residential properties valued at more than £500,000. Enveloped properties must be revalued every 5 years. 2023 to 2024 is a revaluation year and properties must be revalued at 1st April 2022 or