UHY Ross Brooke Chartered Accountants
Non-compliant Landlords Beware HMRC have access to an enormous amount of information that they use to target landlords of all types who have not disclosed details of their rental income. Where they find evidence of deliberate non-compliance the penalties can be as much as 100% of the unpaid tax, or
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. Why cryptotax is different from traditional tax Traditional tax
We are all in business for a purpose. Businesses exist to create and sell products or services and, by doing so, to make profit. A business that does not make money will not be a business for very long. Blog by Rhys Madoc CEO, UHY International But having a profit
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. Introduction to Cryptotax What is Cryptotax? Every time you get a crypto asset (sell, trade, or earn cryptocurrency), the government wants its share in
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
R&D tax credit reliefs are intended to be aimed at those businesses in innovative industries extending knowledge or capability in a particular field of science or technology or creating an advanced process, material, device, product or service. However, over the years we have witnessed more and more unregulated firms entering
Then ask us about our comprehensive guide to the financial, tax and accounting considerations of starting a business, “The New Business Kit” which we offer free to start-ups or those who have recently made the jump into business ownership. The guide helps start-ups think about: Selecting a legal entity; Registering
SEIS and EIS are very similar schemes intended to encourage investment in high-risk, small, unquoted companies which have objectives to grow and develop their trade. There are no particular tax reliefs for companies but the schemes provide good tax incentives for investors. There are certain conditions that companies must meet