UHY Ross Brooke Chartered Accountants
As accountants, we are often asked whether splitting a business into separate legal entities (eg sole trader and partnership) can help avoid VAT registration. While this may seem like a logical step for small business owners wanting to remain below the VAT threshold, HMRC has clear rules regarding VAT disaggregation,
Environmental, Social, and Governance (ESG) principles are no longer just the domain of large corporations. Increasingly, SMEs are expected to demonstrate responsible business practices that align with ESG standards. While the pressure from regulators and stakeholders grows, the benefits of embracing ESG go far beyond compliance. However, there’s a fine
The new tax year starts 6th April 2025, so you have one month to consider your options, once we pass this date the majority of the tax planning options for Income Tax and Capital Gains Tax purposes will cease unless actioned before 6th April. Do you fall into any of
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
As the end of the tax year (5 April 2025) approaches, now is a good time to check that your family and business finances are arranged in the best way possible to ensure prosperity for you and your circumstances. As always, our purpose, helping you prosper, remains at the heart
A Start Up Loan is a government-backed personal loan aimed at helping new businesses get off the ground, especially those who find it difficult to source finance from traditional lenders. Eligible new business owners can borrow between £500 and £25,000 at a fixed interest rate of 6% per year. Loans
We’re thrilled to announce that UHY Ross Brooke Chartered Accountants and Business Advisers has been selected as a finalist in the Best Professional Services category at the NWN Best in Business Awards! This recognition highlights our unwavering commitment to delivering exceptional service to clients across the Thames Valley and beyond.
The introduction of Making Tax Digital (MTD) for the self-employed and/or landlords with combined income exceeding £50,000 is scheduled to take effect from April 2026. MTD fundamentally shifts the way tax records are maintained and how information is submitted to HMRC. The traditional approach of annual tax returns will be
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
As the 31 January tax return deadline approaches, many individuals across the UK may find themselves wondering whether they need to declare sales of clothes and personal possessions made on platforms such as eBay, Vinted, or similar online marketplaces. While these platforms have made it easier than ever to declutter