UHY Ross Brooke Chartered Accountants
If you’re a business owner, be careful of a letter claiming to be from ‘Indv and Small Business Compliance’ team at HMRC and asking for confidential company information and bank statements. It’s likely to be a scam from people pretending to be from HMRC. They ask you to verify financial
HMRC have launched a handy new digital VAT Registration Estimator tool, with the aim of helping small business to determine if and when to register for VAT, including voluntary registration. By Chris Davies How to use the VAT Registration Estimator: Before starting you will need information to hand about your business income
From 1 August 2024, selling fees charged by Amazon to UK vendors will be subject to VAT at 20%. This is because of a change in the legal entity that charges the fees. Previously, fees were charged by Amazon Service Europe S.a.r.l (ASE), which did not have a UK establishment,
As technology moves ever forward, the use of AI and machine learning tools within accountancy is on the rise, with continual developments being made. By Sarah Hardy Xero recently announced their new JAX tool (short for Just Ask Xero) which adds a whole new layer of support for clients, accountants
On 1 October 2024, the Employment (Allocation of Tips) Act 2023 will come into effect, introducing significant changes to how tips are managed and distributed in the hospitality industry. This legislation aims to improve fairness by mandating that all tips, gratuities, and service charges are allocated fairly among employees. The
As the rental, holiday let, and Airbnb markets continue to thrive in the UK, property owners are increasingly faced with complex financial and regulatory challenges. Navigating this landscape can be daunting, especially when it comes to ensuring compliance and maximising financial returns. This is where a specialist landlord accountant becomes
Most of us have never been involved in dealing with someone’s ‘estate’ until a person close to us dies. Being confronted by a mass of legal terms and procedures can be daunting, particularly when we are also dealing with bereavement. Putting the right things in place well in advance; such
In the UK, the highest capital gains tax rate on the sale of shares in a business is 20%. However, this rate can be reduced to just 10% on the first £1 million of taxable gains if the sale qualifies for Business Asset Disposal Relief (BADR). By Chris Davies In
One of the questions we are often asked is “which is the best way to buy equipment?” Let’s consider the options: Lease Leasing means renting an asset (such as machinery, vehicle or computer) from a finance company for a set period. After the lease term ends, you usually return the
In the last Budget the Chancellor announced a number of proposed changes to the taxation of Furnished Holiday Lets (FHLs) including Airbnb type lettings, but before looking at these it is probably worthwhile reminding ourselves of the existing rules. Tax advantages of FHLs Since the special tax rules were introduced