UHY Ross Brooke Chartered Accountants
As a business owner, managing employee benefits effectively is crucial—not just for employee satisfaction but also for compliance with tax regulations. One efficient way to handle benefits in kind (BIK) is through Pay As You Earn (PAYE), allowing you to streamline tax reporting and reduce administrative burdens. By Mark Duddridge
We’re pleased to share the first edition of our new ‘In the know’ series, where we’ll be sharing timely insights and regulatory updates that could affect you or your organisation. We’re kicking things off with a tax-focused issue, covering the latest developments shaping the UK tax landscape. From upcoming digital
Take a look at Chris Davies’ short video explaining the new laws coming into force for companies registered at Companies House. If you’re a director, person with significant control (PSC), or someone who files on behalf of a company, this applies to you. If you prefer to read rather than
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
The UK government has abolished the Furnished Holiday Lettings (FHL) tax regime, effective from April 2025. This change marks a significant shift in how holiday let properties are taxed, aligning them with other property businesses. Property owners need to be aware of these changes and how it will affect them.
If you’re a sole trader or landlord with annual income over £50,000, a major change is coming your way. From 6 April 2026, you may be required to keep digital business records and submit quarterly updates to HM Revenue and Customs (HMRC) under Making Tax Digital (MTD) for Income Tax.
A recent £60,000 fine issued to Merseyside-based law firm DPP Law Ltd (DPP) by the Information Commissioner’s Office (ICO) has highlighted the serious consequences businesses can face when cybersecurity measures fall short. The fine followed a major cyber attack in 2022 that resulted in highly sensitive and confidential client information
From 8 April 2025, Companies House has launched a new identity verification system as part of changes under the Economic Crime and Corporate Transparency Act 2023. If you’re a director, person with significant control (PSC), or someone who files on behalf of a company, this applies to you. What’s Changing
In the ever changing world of finance, AI is revolutionising bookkeeping by enhancing accuracy, efficiency, and reducing the time spent on repetitive tasks. Here are some tips on how to use AI to streamline your bookkeeping processes. By Sarah Hardy Automate Data Entry AI can automate the process of entering
The Annual Tax on Enveloped Dwellings (ATED) is a tax levied on UK residential properties valued at £500,000 or more, owned by companies or similar entities. Starting from April 2025, there will be an increase in ATED charges, reflecting adjustments to tax rates. By Mark Duddridge – Senior Tax Manager