UHY Ross Brooke Chartered Accountants
Chris Davies answers some FAQ about the Let Property Campaign for Landlords By Chris Davies Q: What is the Let Property Campaign? A: The Let Property Campaign is a HMRC initiative that allows landlords to disclose any undisclosed rental income and rectify their tax affairs. It is open to all
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
The new tax year starts 6 April 2024, so you have six months to consider your planning 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. Do you fall into any of these categories?
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
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