From 14th October 2024, PAYE claims for tax relief on employment expenses must now be submitted by post using form P87, accompanied by supporting evidence. This new process replaces online […]

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 […]

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 […]

During the Parliamentary speech on July 29th, Chancellor Rachel Reeves announced that the Autumn Budget will be delivered on October 30, 2024, marking the first Budget under the new Labour […]

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 […]

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 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 […]

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 […]

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 […]