UHY Ross Brooke Chartered Accountants
A quick glance at any social media platform today will tell you that it is Back to the Future Day, the famous day that Doc Brown and Marty McFly travelled into the distant future of 21 October 2015. The blockbusting film had mixed success in its predictions of the future but
The secret of a good joke may be timing, but get this wrong and no-one will be laughing. The Annual Investment Allowance is the amount that a company can obtain a 100% write down against its profits each year for qualifying expenditure on items such as plant and machinery etc.
Businesses need to be aware of a new European court ruling which has clarified that travelling time to and from work could itself be classed as work. In a landmark ruling, the European Court of Justice has said that time spent to and from first and last appointments by workers
According to research from Close Brothers Asset Finance growing a business is top of the agenda for 34 per cent of SMEs. The quarterly survey of UK SME owners and senior management from a range of sectors also revealed that more than half of firms have already experienced growth in
If only I had a £ for every time I have heard this – “Hi Chris, I have taken someone on, on a self-employed basis, but it’s OK because he gives me an invoice”. At this point my heart usually sinks. It is fairly well know that the self-employed pay
I was recently asked by a director about the sorry state of one of the vans in his company’s fleet: “Should I replace the engine or buy a new van?” With the director being particularly cost conscious, the new engine seemed an attractive and cheaper option even if this did
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