UHY Ross Brooke Chartered Accountants
Creating a positive work environment and rewarding employees for their hard work is essential for maintaining high morale and productivity in the workplace. However, finding tax-efficient ways to reward employees can be a challenge for businesses. Here are ten strategies that UK employers can consider to reward their employees in
Updated Dec 2024 Inheritance tax (IHT) is the tax paid on lifetime chargeable transfers and the estate (property, money, and possessions) of someone who’s passed away. However, with careful planning and an understanding of the available reliefs and exemptions, it’s possible to minimise the amount of inheritance tax payable. Here
HMRC has recently been writing to company owners regarding dividend income. This is after reviewing the accounts companies who have depleted their reserves, on the basis that owners may have paid them out in dividends. If such dividend income has not been declared to HMRC, owners are advised that they
In response to the increasing number of cyber attacks against SME’s, the National Cyber Security Centre (NCSC) is providing a funded Cyber Essentials programme to help small businesses in certain sectors across the UK implement essential security controls. While all businesses face cyber threats, some that hold sensitive information or
Committed to helping you prosper To bring in the new year, we have carefully curated a selection of articles aimed at helping you prosper through these still somewhat unsettled times. Our last edition of Prosper was released in July of last year and since then the economic hardship the country
The Economic Crime and Corporate Transparency Act received royal assent on 26 October 2023 and will introduce a number of changes over the next few years. The act gives Companies House the power to play a more significant role in tackling economic crime and supporting economic growth. Over time, the
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
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
There are many reasons why couples get married but tax and inheritance rarely feature high on the list. Yet, as a tax adviser, I frequently find myself saying to clients that they really should marry their partner as so much can be at stake if they don’t. Usually, eventually and
We are regularly approached to advise on how families might pass on wealth to subsequent generations. One of the strategies available is the use of gifts, which should never be dismissed. However, concerns often raised around a strategy of making gifts is that outright ownership gives the recipient immediate unfettered