You could see your Income Tax bill increase significantly in 2022-23 because of an Income Tax thresholds freeze announced by the Chancellor in the Autumn Statement. While the basic (20%) and higher (40%) thresholds are remaining at their current levels until 2028, rising wages will see people dragged across these thresholds over the coming years. …
Income tax thresholds freeze – What it means for you Read More »
Planning for the future is essential when running a business and you should have a perspective of where you want to be in three to five years. Goals or targets provide a sense of direction, focus, and motivation. However, how do you set aims effectively? You could try the SMART method. This relies on five key …
Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including a cut to the deduction and credit rates for the SME scheme. The R&D SME scheme enhanced deduction rate will be cut to 86 per cent from the current 130 per cent, and the payable …
Companies House has gone fully digital after the announcement of the closure of its office in London and all filing being transferred online. It has also permanently shut the public counters in Cardiff, Belfast and Edinburgh. Online services will be available 24 hours a day, seven days a week. Changes have taken place with improved …
The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 from April 2023, before being cut in half again to £3,000 from April 2024. CGT is what you pay on any gains that you make when you come to sell an asset, such as a …
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On Sunday 9 October, ten Wilder Coe team members took to the challenge of running 13.6 miles in the Richmond Half-marathon fundraiser to raise awareness for three great causes. Joining together at the starting line on Sunday morning, Bee-Lean Chew and her team pounded paths and pavements at the RUN FEST Richmond Half-Marathon. A fast and …
The Autumn Statement 2022 comes at a time of significant challenge for the UK, alongside the rest of the world, which has faced damaging economic shocks due to the pandemic, Brexit, and the illegal war in Ukraine. The fourth Chancellor of the Exchequer for 2022, Jeremy Hunt, pledged to face the “£55 billion black hole” …
Why real estate owners must act now The Register of Overseas Entities (ROE) came into force in the UK on 1 August 2022. The UK government introduced an ROE through the new Economic Crime Transparency and Enforcement Act 2022 to combat economic crime and ensure legitimate businesses continue to invest in the UK. The Register …
Inflation is described as paying £15 for that £10 haircut you used to get for £5 when you had hair. It is soaring at the moment and leaves business owners facing real problems. If they increase their prices, they risk losing customers, but if owners peg prices, they put their profits and potentially their business …
The festive season of goodwill is upon us as Christmas fast approaches. It is a time of year when employers look to reward their staff for their efforts over the past 12 months. But they should be aware that particular tax, National Insurance and reporting obligations apply. We want to ensure that you enjoy the festive season …
Keep your workplace gifts tax-free this Christmas Read More »
