UHY Ross Brooke Chartered Accountants
If you are thinking about selling your business, whether that is in six months or six years, one of the first questions you will probably ask yourself is “what’s it worth?” While there are formulas designed to calculate the value of a business, in the end the answer to that
Many business owners are searching for answers about Making Tax Digital for sole traders. In April 2026, HMRC introduced new reporting rules for self employed individuals under MTD for Income Tax. If you run a business as a sole trader, you may need to change how you keep records and
Heard of it yet? Mandatory e-invoicing is likely to become one of the more important practical changes for UK companies over the next few years. By Chris Davies For many business owners, the first surprise is that an e-invoice is not simply a PDF attached to an email. In the
If you have been running a business for a while, maybe as a sole trader or in a partnership, you may have heard someone say, “You should incorporate”. Sometimes that is well-meaning advice, but is it true that incorporation is the smart move for all business owners? Let’s look at
Find the latest tax rates for 2026/27 in our useful summary, including those relevant to: Self employed Landlords Investment or pension income Company director or shareholder Company taxation and income tax employment benefits and expenses NICs for employees NICs for employers National living and minimum wage NICs for the self
At one time, incorporating a business once profits reached a modest level was almost the default advice. Today, the conversation is more nuanced, and some existing company owners may even be asking themselves, “Do I still need a limited company?” The question may be prompted by rising tax bills caused
During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts. The Chancellor focused on how the
This February, we delve into a range of developments that may affect you and your organisation, including tax refunds owed by HMRC, inheritance tax reliefs, updates on Making Tax Digital and VAT compliance. In the February 2026 issue of our In the know: tax, we look at a range of developments
With just 8 weeks or so to go until the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring. From April, sole traders and landlords with an income of over £50,000 will need to submit quarterly updates to HMRC. It is estimated
In a surprise move, the government announced a major change to the agricultural property relief (APR) and business property relief (BPR) reforms that will take effect from 6 April 2026. The full 100% relief from inheritance tax will now apply to the first £2.5 million of qualifying assets, up from