UHY Ross Brooke Chartered Accountants
In the 2014 Budget the chancellor announced that the tax credit available for loss-making small and medium-sized businesses (SMEs) involved in research and development will increase. From 1 April 2014 the rate of R&D payable tax credit for loss making small SMEs will be increased from 11 per cent to
Investments made within an ISA wrapper grow free of capital gains tax and income tax and because of the tax benefits are likely to be regarded as an important part of any savings plan. For years, ISA savers have complained that limits were too low and the ISA investment rules were
In yesterday’s surprise announcement the Chancellor announced that the Annual Investment Allowance (AIA) for capital expenditure will be doubled from £250,000 to £500,000 from 1 April 2014, for companies or 6 April 2014 for unincorporated businesses until 31 December 2015. The AIA will return to £25,000 after this date. This
Finding reliable, high quality, affordable childcare is a major concern for working families. For many the cost of childcare can be one of the largest parts of most working families’ household budgets. The Tax-Free Childcare online scheme expected autumn 2015 will be available to all households in which all parents
Mobile phones, i-pads, tablets, – we all live in a mobile World. Yet many accountants seem oblivious to the changes that are going on around them and consequently they are failing to help their clients’ move forward. Traditionally accounting software has been loaded from a disk onto a PC. At
Personal view by Chris Davies – Don’t get me wrong. I am certainly not in favour of anyone breaking the law to avoid taxes and I appreciate that HMRC have a real battle to frustrate those who do not intend to pay their fair share of tax, but I do
In a praiseworthy attempt to help those affected by the recent flooding HMRC have launched a dedicated helpline 0800 904 7900. The helpline is available Monday to Friday 8am to 8pm, Saturday and Sunday 8am to 4pm. In order to help HMRC have promised: to agree instalment arrangements where taxpayers are
I am a natural optimist and always try to seek out positives from any situation. Sometimes it can be quite challenging though! A major part of our work involves looking after clients when times are bad as well as when they are good. Indeed looking after clients when things are
Most accountants are also successful business owners, and can offer much more than just accounts and tax services. They should be your on-call business partner, a sounding board for ideas, helping you run your business smoothly and suggesting ways to earn and keep more income. They also have a wide
Updated 04/04/2022 Hands up anyone who would like to handover £1 and get £2.30 back? Sounds like a good deal doesn’t it? Well in a way that’s pretty much what the Research and Development Tax relief for small companies offers. The most surprising thing about this scheme is despite the