UHY Ross Brooke Chartered Accountants
The secret of a good joke may be timing, but get this wrong and no-one will be laughing. The Annual Investment Allowance is the amount that a company can obtain a 100% write down against its profits each year for qualifying expenditure on items such as plant and machinery etc.
With the audit exemption threshold expected to rise from its current level – £6.5m turnover, £3.26m gross assets and fewer than 50 employees – to £10.2m turnover and £5.1m gross assets in the near future, it may be considered by many observers that audits simply represent an administrative and financial burden to many small
Already there are a number of reported cases of businesses who have failed to sign staff up to a workplace pension scheme being hit with escalating fines by the Pensions regulator. Under current workplace pension rules, all employers with at least one member of staff have to undertake certain duties,
As avid fans of online computing, we were pleased to hear in Budget 2015 of the Chancellor’s plans to move reporting for tax purposes into the digital era with the ultimate aim of removing the requirement to submit the annual tax return. For those that believe that this means that
The IR35 Business Entity Tests and example scenarios have been with us for over 2 years now, but are they working? No, according to the minutes of a recent meeting of the IR35 Forum consisting of a focus group of independent advisers, who concluded that the business entity tests were
In a worrying move, HMRC has been writing to a number of tradesmen informing them that the figures submitted in their tax returns do not compare with the results filed by their competitors and/or the benchmarks set by HMRC. For example, we have learned that HMRC expect Painters and Decorators to
Personal view by Chris Davies – Don’t get me wrong. I am certainly not in favour of anyone breaking the law to avoid taxes and I appreciate that HMRC have a real battle to frustrate those who do not intend to pay their fair share of tax, but I do
I am a natural optimist and always try to seek out positives from any situation. Sometimes it can be quite challenging though! A major part of our work involves looking after clients when times are bad as well as when they are good. Indeed looking after clients when things are
Most accountants are also successful business owners, and can offer much more than just accounts and tax services. They should be your on-call business partner, a sounding board for ideas, helping you run your business smoothly and suggesting ways to earn and keep more income. They also have a wide
Updated 04/04/2022 Hands up anyone who would like to handover £1 and get £2.30 back? Sounds like a good deal doesn’t it? Well in a way that’s pretty much what the Research and Development Tax relief for small companies offers. The most surprising thing about this scheme is despite the