UHY Ross Brooke Chartered Accountants
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
All too often HMRC will point to a minor point of law, which seems to fly in the face of common sense, in order to penalise the poor taxpayer. Consequently, it was with a wry smile that I read a recent tribunal case where HMRC got a dose of their
Whilst it is doubtful Mr Spock was ever an expert on the UK tax system, if he had been, he may have uttered that phrase in the context of the pension changes introduced by the Coalition government. Some would argue that the amendments to the tax treatment of pension funds on
Many small business owners will be feeling dejected in the wake of the 2016 Budget, particularly as we approach tax year end and the sun begins to set on the opportunity for low tax profit extraction. Yes, for many, things are about to become more expensive. But I am the
Business owners and shareholders need to reassess their position on dividends ahead of changes to the way they are taxed next month. At present there are considerable savings to be made in National Insurance contributions if a minimal amount is paid as salary and any balance of a remuneration package