UHY Ross Brooke Chartered Accountants
Category: All insights
Making Tax Digital – What’s Changed?
August 17, 2017
If you are in business you may not be aware, but from 2019 many 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. Making Tax Digital, or MTD as its commonly
Worried of Newbury
April 21, 2017
Making Tax Digital is under a year away, yet we have learned today that there is a flaw in HMRC’s self-assessment software for 2016/17 affecting the dividend and savings allowance introduced in April 2016. This means that anyone submitting a self-assessment return online could be faced with an incorrect calculation
Why and how you should move your accounts to the Cloud
March 19, 2017
Traditionally businesses have kept their accounting records in three general formats; manual records, spreadsheets and desktop systems. Each of these has always been less than adequate but with the advent of cloud computing their weaknesses have become much more apparent. Whilst manual records are easy to set up, this is
Why recruiting good staff need not cost a fortune
March 7, 2017
After over 30 years service with the firm, we have had a number of key staff retire recently and combined with exciting growth across the practice, we have gone through a substantial recruitment process over the last 12 months. As you will know recruitment fees are far from cheap and
What does making tax digital mean for you?
February 6, 2017
Making Tax Digital, or MTD as its commonly known, is the Government’s plan to make the UK the world’s most digitally advanced taxation system. HMRC believe that MTD will help eliminate estimated annual tax losses of £8 billion due to avoidable tax errors. MTD is due to be introduced in
The Year Ahead For Farmers
January 26, 2017
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
Making Tax Digital Update
January 7, 2017
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
My dog ate my tax return!
January 5, 2017
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
VAT blow to small businesses
November 28, 2016
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