UHY Ross Brooke Chartered Accountants
Did you know the generous tax breaks that exist for investing in plant and machinery for your business? There are several reliefs that are available but I will focus on AIA (Annual Investment Allowance) and ‘Full Expensing’ for plant and machinery. By Daniel Smith – Client Manager Annual Investment Allowance:
A single merged scheme will be introduced from 1 April 2024 as a 20% above the line credit (unless the claimant is categorised as an R&D intensive company). By Mathew Browne As of 8th August 2023 there have been significant changes to the research and development landscape notably an additional
Disrupters are the firms that come up with new ideas and challenge the way things are done. In order to become a disrupter in your market, your firm must be prepared to innovate relentlessly, challenge norms and redefine industry standards. By Chris Davies If you want to succeed, you need
As a business owner, you’ve undoubtedly worked hard to grow and maintain your company in an ever-competitive market. But, as with every other aspect of your business, periodic evaluation and change are crucial to ensure sustained growth and success. One area often overlooked by companies is their relationship with their
As a small business owner, you will be familiar with the relentless pursuit of efficiency and productivity. It’s a never-ending quest to do more with less, to streamline operations, and maximize your resources. In this digital age, one of the most powerful tools at your disposal is cloud-based software, particularly
If you’re running a business in the UK, you will no doubt be familiar with the concept of payroll. Payroll preparation presents its own unique challenges; it’s a complex world of tax codes, employment legislation, and endless paperwork that can make even the bravest of business owners feel a bit
Cryptocurrencies have disrupted the financial world and have led to much discussion about taxation. While it’s exciting to be part of this financial revolution, it’s equally essential to keep the taxman satisfied. And that’s where many crypto enthusiasts make costly mistakes. By Joshua Pearce – Crypto Tax Specialist Why cryptotax
The crypto world is bursting with perplexing technicalities and regulations. So let’s break things down and simplify the complex terrain of cryptotax planning in the UK. By Joshua Pearce – Crypto Tax Specialist Introduction to Cryptotax What is Cryptotax? Every time you get a crypto asset (sell, trade, or earn
The government have issued draft legislation for consultation on the proposal to merge the two forms of corporation tax relief for expenditure on research and development (R&D) For expenditure incurred on or after 1 April 2024, it is proposed that the two schemes providing for R&D relief – R&D expenditure
The latest Finance Act includes two changes that will affect all R&D claims: When a limited company intends to make a claim for research and development (R&D) tax relief, from 8 August 2023 onwards it will need to provide detailed information to HMRC in advance. We can assist you in