UHY Ross Brooke Chartered Accountants
Upon examining the Summer Budget one could believe that Contractors are not the Chancellor’s favourite people at the moment. Firstly, he has announced that a review of IR35 is to be set up. It is well recognised that, despite various tinkering with the system over the years, including the failed
Whatever your political persuasion no-one could accuse the Chancellor of delivering a boring Budget. Despite the triple tax-lock announced prior to the election the Chancellor certainly did not miss the opportunity to propose numerous policies to raise taxes. So what are the key points? Personal allowances for individuals will be
The announcements the Chancellor made relating to rental properties in the 2015 Summer Budget will not have been the best news landlords have heard this year. Most concerning will be the reduction of tax relief on borrowings for the purchase of a let property. Currently tax relief is given at
With the audit exemption threshold expected to rise from its current level – £6.5m turnover, £3.26m gross assets and fewer than 50 employees – to £10.2m turnover and £5.1m gross assets in the near future, it may be considered by many observers that audits simply represent an administrative and financial burden to many small
According to the latest Business in Britain report from Lloyds Bank, overall business confidence remains strong and stable. This positive attitude is largely underpinned by companies’ expectations of an improvement in exports, as well as an anticipated increase in investment levels. The twice-yearly Lloyds Bank report gathers the views of
George Osborne will deliver his second Budget of the year on 8 July, but what little gems might we expect to see in there? In their party manifesto the Conservatives outlined the need to make £12 billion of cuts to the Welfare Budget but did not specify any details where
Would you use an unqualified Dentist, Doctor or Solicitor? Would you let a self-taught dentist extract your teeth; an amateur doctor operate on you; or an unqualified solicitor represent you in a big case that could cost you your house? Of course you wouldn’t – So why would you use
Already there are a number of reported cases of businesses who have failed to sign staff up to a workplace pension scheme being hit with escalating fines by the Pensions regulator. Under current workplace pension rules, all employers with at least one member of staff have to undertake certain duties,
That amazing brand name or business name you have is valuable. Valuables should be protected and a brand can be protected by registering it as a trade mark. However, not every name will qualify as a trade mark, so here are some essential questions you need to ask before deciding
Locum Dentists, Doctors, Pharmacists, Veterinary surgeons and Opticians often prefer to regards themselves as self-employed. This usually gives them a tax advantage over employed status, but HMRC have been taking a very strong line in contesting the employment status of locums. The onus of proof lies very much with the