UHY Ross Brooke Chartered Accountants
As 2016 came to a close, our thoughts inevitably turned to the year ahead and what it holds. There are few who, at the start of the year, expected to finish 2016 with Britain set to leave the EU and Donald Trump elected as President of the US. But what
If you are in business you may not be aware, but from 2018 most businesses, the self-employed and landlords will need to use specialist software or apps to record and categorise receipts and expenses and to update HMRC quarterly with their figures. As things currently stand, under the Making Tax
If you have been asked to complete a self-assessment return for 2015/16 then you have until the end of January to submit the form online to HMRC. If the return does not reach HMRC in time then there will be an automatic penalty of £100 even if there is no
I can recall the introduction of the VAT Flat Rate Scheme in 2002, which was originally fanfared as a simplification measure for small businesses. After such a long time I don’t recall the exact rates but take up was minimal as the rates were set too high and there was
You may have heard us talk a lot about Making Tax Digital (MTD) recently. But why is the Government so keen to press ahead with this project? After all, millions of taxpayers file their tax returns successfully now, so why try to fix something that isn’t broken? Governments generally want
I am often asked by clients what the implications are for borrowings from the company by directors or more accurately “Participators”. The first issue is the benefit in kind of receiving a cheap loan. If the participator’s loans from the company exceed £10,000, and the participator is not charged interest
Fraud is a huge area of concern when I am looking after the firm’s clients, but little did I expect to be the target of an such attack, on a Sunday evening whilst I was sipping my Earl Grey watching The Last Ship on Sky Atlantic. A call came in
Cyber crime is the world’s fastest growing criminal activity and is the single biggest future risk to businesses. Whilst money is the primary motivational factor for cyber criminals, other factors such as ideology, sympathy, anger and espionage are also significant drivers of cyber crime. “Cyber Crime has overtaken the drug
We are constantly reminding our clients to be vigilant about scam or “phishing” emails promising money back, particularly at this time of year, just ahead of the 31 July Tax Credits renewal deadline. If a recipient of one of these emails clicks on a link contained in one of the
We have been using Xero for a number of years now and have acquired a great deal of hands on experience. Here Jake explains some of the key ways that you can maximise the productivity of Xero. 1. Direct Bank Feeds Xero offers direct bank feeds with the following UK