UHY Ross Brooke Chartered Accountants
You check your sales figures and the top line looks healthy. Clients are coming in and you feel that business is booming. On paper, it seems like your business should be thriving, but when you glance at your bank balance, the numbers don’t match the effort. There’s not nearly as
For many business owners, the question of how to pay themselves is one they revisit year after year. Should you take a bigger salary? Increase your dividends? Adjust the balance between the two to optimise for tax? It’s a conversation that comes up often, and understandably so. On the surface,
The Financial, Tax and Accounting Considerations of Starting a New Business With this handy reference guide to starting a business, you should be able to successfully handle many of the problems encountered in starting and running a business. Topics covered: Chapter 1 – Selecting a Legal Entity for Your Business
Employee Ownership Trusts (EOTs) have been gaining popularity in recent years as a means of enabling business owners to transition ownership while safeguarding the company’s future. But a common question arises when exploring this model: what happens to the profits in an EOT? Understanding how profits are treated within this
The ninth edition of Prosper features insights into the latest business developments, tax updates and advice to help businesses prosper in 2025 and beyond. Our magazine contains the following articles, amongst many others: The importance of ESG for your SME: Understanding how Environmental, Social and Governance considerations are becoming essential for
When it comes to auditing, small and medium-sized businesses often find themselves navigating a crowded marketplace of firms promising efficiency, accuracy, and compliance. However, not all audit services are created equal, and the choice of audit partner can significantly influence the quality of the audit and the value it brings
At the core of the EOT’s framework is the principle of employee benefit. For a trust to qualify as an EOT, it must operate for the benefit of all employees on an equal basis. This does not mean that every employee must receive the same financial benefit, but rather that
Employee Ownership Trusts (EOTs) are becoming an increasingly popular business structure in the UK. Introduced in 2014, EOTs provide a tax-efficient way to transition ownership while fostering employee engagement and long-term business sustainability. There are several compelling reasons why businesses should consider adopting this innovative model. By Chris Davies One
HMRC have launched a handy new digital VAT Registration Estimator tool, with the aim of helping small business to determine if and when to register for VAT, including voluntary registration. By Chris Davies How to use the VAT Registration Estimator: Before starting you will need information to hand about your business income
As technology moves ever forward, the use of AI and machine learning tools within accountancy is on the rise, with continual developments being made. By Sarah Hardy Xero recently announced their new JAX tool (short for Just Ask Xero) which adds a whole new layer of support for clients, accountants