UHY Ross Brooke Chartered Accountants
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
Square Point of Sale (POS) systems have become incredibly popular since they launched in 2017. The ubiquitous little square card reader now appears everywhere from busy restaurants to coffee carts outside train stations and even in taxis. Square’s card reader is a little square gadget that connects wirelessly to your
This blog has been updated in Dec 2025 – please see here. The Economic Crime and Corporate Transparency (ECCT) Act 2023 has received Royal Assent, introducing a number of wide-ranging reforms for UK companies. The Act looks to tackle economic crime, bolster accountability, improve transparency and instil a culture of
When there are several shareholders, a new company is being formed, a shareholder wants to pass their shares or pass them to their children, someone is nearing retirement, or the company has borrowed money from a shareholder, issues can easily arise that jeopardise the continued success of a business. Shareholder
When starting a business, or indeed as an established business, choosing the most suitable legal structure for your business is an important thing to consider. Two popular options are operating as a sole trader or forming a limited company. Each of these options comes with its own set of pros
UPDATE: 21/2/2024 Double-cab pick up U-turn Further to the revised HMRC guidance issued last week regarding double-cab pickup trucks, after pressure from the agricultural and motor industry the Government have decided to retract that guidance and will make amendments in the next Finance Bill to reflect that NO changes will
NB This is now out of date after the Autumn budget 2024. Please get in touch if you would like to discuss your tax planning options. The run up to the end of the tax year on 5 April 2024 is a good time to make sure that your family