The Spring Budget 2024 brought a significant shift for landlords involved in Furnished Holiday Lettings (FHLs). The UK Government announced the abolition of the FHL tax regime, a move aimed […]

Preparing for your first financial audit can be daunting, but with the right approach, it can be a straightforward process that adds significant value to your business. Whether you’re required […]

Employee Ownership Trusts (EOTs) have been in existence for many years and have gained significant traction as an innovative business model that empowers employees, fosters a collaborative working environment, and […]

In the recent Election, Labour secured victory with a pledge not to raise taxes on “working people.” However, with their manifesto outlining their fiscal plan to increase tax revenue by […]

At Verallo, we are dedicated to keeping you informed about critical updates in audit and assurance regulations that may impact your business. With the United Kingdom no longer bound by […]

In the dynamic business landscape, financial audits play a critical role in ensuring compliance, transparency, and operational efficiency. However, despite their importance, there’s often a misconception about the true purpose […]

Family Investment Companies (or “FICs”) have become the preferred vehicle for structuring wealth and passing assets onto future generations tax efficiently, increasing in popularity in recent years as a result […]

Global economic uncertainty due to war conflict and future elections may have delayed the exit plans of baby-boomer business owners, however, for many, their need to exit has not gone […]

Almost ready for your first audit? In the UK, businesses must undergo an audit if they meet certain criteria. Generally, companies are required to have their accounts audited if they […]