UHY Ross Brooke Chartered Accountants
Ahead of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) requirements from April 2024 we’re looking at how to enhance our services to our clients whilst also making their lives easier. By Sarah Hardy We have been using the Dext Prepare software for a little while now but knew
On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to
You can generally reclaim VAT on goods you bought up to 4 years before you registered for VAT and services you bought up to 6 months before you registered as long as the following conditions are met; The goods were bought by you as the entity that is now registered
Some businesses are more likely to be affected by the downturn and get into cash flow problems, while others will be more resilient. If you are a business owner, you might be wondering which category your business falls into. No matter how inventive or simple your business model is, you
The value of R&D tax credits relief claimed by UK businesses has fallen for the first time since the scheme began in 2000, down by £275m in a year by Phil Kinzett-Evans Research by UHY Ross Brooke, a member firm of the accountancy group UHY Hacker Young, found that the
VAT registered organisations are no doubt aware of the current default surcharge mechanism for late filing or payment of VAT (but not too familiar we hope!). By Chris Davies The current system is arguably poorly targeted and can give some seemingly unfair results including one case where a penalty of
The ultimate aim of every serious business person is to build a company that has value, so that it can be sold or transferred, allowing the entrepreneur to exit gracefully and profitably. Recently, we have been helping a number of our entrepreneur clients develop exit strategies. There are many issues
November 7th -11th 2022 (UK) We Brits don’t feel comfortable talking about money, whether it’s how much we earn or how much we paid for a holiday. We’re a little shy of boasting if we have it, and feel like we’re moaning if we haven’t. Talk Money Week is aimed
This week we held a Q&A session for those interested in selling their business. It proved to be very informative to business owners considering their future and other professionals who can guide their clients more effectively. If you’re thinking of selling your business, whether right now, or sometime in the
The valuation of business goodwill for tax purposes is very subjective and is often a contentious area. HMRC have recently updated their guidance in their Shares and Assets Valuation Manual. The guidance makes a distinction between goodwill for Capital Gains purposes and goodwill within the corporate intangibles regime where accountancy