UHY Ross Brooke Chartered Accountants
From a tax perspective, the financial attractions of self-employment over employment are fairly obvious. No employers NIC, workplace pension contributions or holiday/sick pay to worry about for the engager, reduced employees NIC for the worker and the worker can offset expenses against his income. Everyone’s a winner right? By Chris
Download our handy summary of the deadlines for submitting your self assessment Tax Return ,and penalties for late submission. Who can advise me on my Tax Return? You can file it yourself, but if it’s complicated or you need a little more support, UHY Ross Brooke can undertake as much
Download our handy tax card which shows the latest tax rates for the taxes we are asked most about. Any questions? Please contact us about the April tax changes. We can provide a full tax review which will help identify possible tax savings.
In the recent Spring budget, the government announced plans to abolish the current tax treatment for UK resident non-domiciled individuals (non-doms). ‘Non-dom status’ enabled UK resident individuals whose permanent home is outside the UK to benefit from the ‘remittance basis’. This was a controversial tax treatment which allowed this group
Many landlords will have seen profits squeezed in recent years. Higher mortgage rates, the restriction on tax relief for finance costs, stagnated personal allowances and tax bands, have all conspired to reduce the net yield for landlords. Some may have chosen to increase rents to cover these costs, but this
We always stress to clients the importance of making a will. This is not only so that assets are left to beneficiaries of one’s own choosing, but also so that other important instructions can be carried out, such as who will administer the estate, who will act as guardian to
You may have noticed in the recent Budget that the Chancellor has announced changes to the rules from April 2025 that will seriously affect the current tax advantages available to qualifying furnished holiday lets. Amongst those changes are: Removal of Business Asset Disposal Relief on capital gains; Profits will no
Business and employees are both constantly looking for ways to optimise their financial strategies. One often overlooked strategy in doing this is salary sacrifice. Salary sacrifice involves an agreement between an employee and their employer to reduce the employee’s salary in exchange for certain non-cash benefits. While it may seem
Multiple Dwellings Relief (MDR) is a stamp duty land tax (SDLT) relief that is currently available if you buy two or more residential properties in a single transaction or a series of linked transactions. It allows the rate of tax to be calculated based on the average value of the
With the Spring Budget just recently announced by Chancellor Jeremy Hunt, we have put together a summary to highlight the key points that may affect you and your business. On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a