UHY Ross Brooke Chartered Accountants
Being Xero Accountants for some time, we are well placed to explain the transformation that Xero has brought to the world of accountancy packages for businesses. Being an online system and because everything is held in the Cloud, the traditional historical based reporting and ‘after the event’ relationship with the
As 31 July approaches scammers will take the opportunity to increase the number of fraudulent emails and imitation HM Revenue & Customs (HMRC) websites in order to obtain individuals’ bank information on the pretext of a tax demand or a claim that a tax refund is due. Our repeated advice
In another attempt to clampdown on perceived tax evasion we are warning horsebox owners that they may be set to be the subject of an HM Revenue & Customs (HMRC) investigation. HMRC apparently suspects that some farmers and rural business owners are buying horseboxes through their company and either falsely claiming the
Businesses should keep a sharp eye out in the New Year for any economic changes that could adversely affect their trading positions. The Office of National Statistics (ONS) has released new figures showing that retail sales volumes rose by 6.4 per cent in 2014; the highest year-on-year increase since May
Owners of commercial properties, whether used in their own business or let to tenants could be sat on a tax goldmine and not even be aware of it. What tax relief? Experts estimate that property owners in the UK could be missing out on tax relief worth billions of pounds
HMRC now hold an enormous amount of data and powerful digital intelligence systems to identify people who have failed to pay the right amount of tax. From 8 December 2014 to 9 June 2015 anyone working within the legal profession as a solicitor has the opportunity to inform HMRC about
We broadly welcome measures introduced in the Chancellor’s Autumn Statement to help SMEs. Recognising that SMEs make the biggest contribution to the creation of jobs and wealth in the UK this final Autumn Statement of the current Parliament ahead of the election in May 2015 includes a number of measures particularly
Farmers in England will no longer be able to claim Common Agricultural Policy (CAP) subsidies for fields with solar photovoltaic (PV) panels installed, the Department for Environment, Food & Rural Affairs (Defra) has announced. The new rules, which will come into force in January 2015, will mean that any field
Following complaints that information migrated from HMRC and other government department websites to the new gov.uk website has been simplified and abridged – often with incomplete or misleading advice, we strongly urge anyone relying on HM Revenue and Customs (HMRC) guidance published online to keep printouts or screengrabs to protect
In general terms employees and directors are assessed to tax on the cost of any social functions provided by their employer. There is however an exemption that applies to an annual function or functions (for example, a Christmas party) provided that it is available to employees generally and the cost