UHY Ross Brooke Chartered Accountants
AI continues to be high on the agenda in business and UK government policy. Members for a new forum, the AI Opportunity Forum, have now been appointed to help boost AI adoption amongst businesses. Microsoft, Google, Barclays and Vodafone are all included in the member ranks, with the first meeting
The Bank of England and HM Treasury have published their response to a consultation on a digital pound that was started in February 2023. The proposals for a digital pound include: It would complement the role of cash and give people and businesses more choice in how they make and
Delivering better customer service Blog by Rhys Madoc CEO, UHY International In 2024, every business needs a digital strategy. That is not the same as having a website and email address. It is about using digital processes, not only throughout your business but also, and perhaps most importantly, in the
The Department for Business and Trade are making changes that will ban dripped fees, make fake reviews illegal, and make sure that price labelling on supermarket shelves is clearer. These measures are part of the Digital Markets, Competition and Consumer Bill that is currently progressing through Parliament. Dripped pricing refers
In recent weeks there has been a flurry of online activity discussing the new law that will require online marketplaces to report information about income made by their users to HMRC. The discussion has led to many people asking questions such as “Will I have to pay tax on the
In a recent article published in the FT Advisor, our Crypto Tax Director Phil Kinzett-Evans describes the tax challenges facing crypto investors. These issues include: Cross border regulation and reporting UK tax classification – Capital Gains or Income Tax? When is a crypto currency conversion liable for tax? Tax implications
The value of HMRC tax penalties has increased drastically in the last year. The harsh penalties are hitting businesses, putting financial pressure on individuals and businesses in the face of high interest rates and the looming threat of recession. Publication featured in: CityAM, International Tax Review, Business Matters and Accountancy Today. Our offices have found
Funding of up to £50,000 together with a package of tailored non-financial support is available to apply for by high-potential micro and small businesses that are either from or support the creative industries. Innovate UK, which is part of UK Research and Innovation, is making this funding available as part
In response to the increasing number of cyber attacks against SME’s, the National Cyber Security Centre (NCSC) is providing a funded Cyber Essentials programme to help small businesses in certain sectors across the UK implement essential security controls. While all businesses face cyber threats, some that hold sensitive information or
Committed to helping you prosper To bring in the new year, we have carefully curated a selection of articles aimed at helping you prosper through these still somewhat unsettled times. Our last edition of Prosper was released in July of last year and since then the economic hardship the country