UHY Ross Brooke Chartered Accountants
It is common for businesses to enter into a contract with a telecoms company to provide mobile phones to the company’s staff. There is no benefit in kind on the provision of the mobile phone as there is a specific provision in Section 319 ITEPA 2003 to exempt such a
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
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
HMRC have recently issued a “Spotlight” publishing their view on the various Contractor Loan Schemes following the decision in P Boyle (TC1303). Mr Boyle provided his services through an offshore company and extracted money from that company in the form of loans which he argued were not taxable. The tribunal
Despite overall static retail sales in the period, according to a survey by the British Retail Consortium, a record amount of shopping was performed online in December, with a staggering increase of almost 20% over the previous year. The rise was attributed to both increased use of smart phones and
Our client runs a young, but fast growing limited company in the IT industry. He has big plans for the business and sees rapid growth in the next 5 years but understandably wants to retain control and ownership until it’s time to realise his investment. The company is very dependent
Our client was a trading company owned 50% each, by husband and wife. The company had traded successfully for many years and had built up a large reserve of cash that was principally held on deposit account. The owners also had substantial cash reserves and property income in their personal
Our client owned 100% of the shares in a limited company in a high-tech industry. The company had been trading successfully for a number of years and had built up goodwill and substantial reserves. The Owner now said that he wanted some help in the business and asked us to
From 7th January 2013 Child Benefit entitlement has been withdrawn on a sliding scale on those households where at least one of the individual’s adjusted net incomes exceeds £50,000 per annum. The entitlement is entirely withdrawn where at least one of their adjusted net incomes exceeds £60,000 per annum. Whatever