UHY Ross Brooke Chartered Accountants

Category: All insights

Is your accountant holding your business back?

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

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Guilty until proven innocent?

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

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Tax Floodline Launched

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

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When the going gets tough………

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

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Why use an accountant?

 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

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R&D Tax Relief – It's not rocket science

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

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HMRC win Contractor tax loan battle

HMRC have recently issued a “Spotlight” publishing their view on the various Contractor Loan Schemes following the decision in P Boyle (TC1303). Mr Boyle provided his services through an offshore company and extracted money from that company in the form of loans which he argued were not taxable. The tribunal

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Bricks vs Clicks

Despite overall static retail sales in the period, according to a survey by the British Retail Consortium, a record amount of shopping was performed online in December, with a staggering increase of almost 20% over the previous year. The rise was attributed to both increased use of smart phones and

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How our client paid just 10% tax on £800,000

Our client was a trading company owned 50% each, by husband and wife. The company had traded successfully for many years and had built up a large reserve of cash that was principally held on deposit account. The owners also had substantial cash reserves and property income in their personal

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