05-03-2025
National Insurance Contributions (NICs) are the UK’s second-biggest tax and are anticipated to raise nearly £170 billion in 2024-25 (the Institute of Fiscal Studies, 2025). On 6 April 2025, the ‘Secondary Class 1’ employer’s national insurance contributions will rise from 13.8% to 15%, and the threshold at which it is paid was reduced to £5,000
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26-02-2025
Do you have good governance within your charity? Trustees often face significant challenges when dealing with a small charity, such as unclear responsibilities, inadequate financial oversight, and poor communication among board members. However, these governance issues can be avoided with the right awareness and best practices. Effective governance is crucial to the success of any
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16-02-2025
The Charities Statement of Recommended Practice (SORP) provides a charity accounting and reporting framework. The Charities SORP is designed to ensure consistency, transparency, and compliance with relevant financial reporting standards. SORP is regularly revisited and updated to ensure it’s still fit for purpose and can meet evolving challenges and the changing not-for-profit landscape. The Financial
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10-02-2025
Announced in the last Autumn Budget, Employers National Insurance (ER NI) contributions will increase from 13.8% to 15% on 6 April 2025. Although intended to increase public funding, this poses significant challenges for charities and not-for-profits, which already operate under financial constraints. Therefore, charitable organisations must understand the implications and prepare for potential financial difficulties.
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02-02-2025
Wilder Coe’s CSR committee work tirelessly to help support small charities through organising fundraising events and challenges. Every year, staff nominate and vote for a charity to support and fundraise for. We are pleased to announce that this year’s charity is 4Louis, an organisation that supports families through miscarriage, stillbirth and child loss. 4Louis works
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21-01-2025
As a trustee, you will regularly meet and attend board meetings as necessary, and they are a key component of your charity's governance. An effective way to demonstrate that your actions align with your charitable purpose is by taking board minutes. You must act in the best interest of the charity and due to
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20-01-2025
Did you know the third Monday in January, is unofficially called “Blue Monday”, and has been marked as the most depressing day of the year? The festive period seems a lifetime ago, many New Year resolutions have fallen by the wayside, and, for accountancy and tax professionals, it is often the busiest time of year.
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13-01-2025
It was the “family-friendly vibe” that drew Charlotte Willmore to Wilder Coe in September 2010, as an aspiring audit trainee at the very beginning of her accountancy career. Now, Charlotte officially stepped into her new role as Audit Partner, joining Wilder Coe’s growing Senior Management Team on 1 October 2024. We had a chat with
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07-01-2025
If you are a UK-registered charity, depending on your income or charity structure, you may need to file a charity annual return. You must file an annual return to the Charity Commission if your charity’s income is more than £10,000 or you are a CIO (Charitable Incorporated Organisation). The charity annual return must be submitted
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02-12-2024
Every year, criminals target charities, NGOs and not-for-profits for cybercrime and fraudulent activities as they exploit the current global crisis. Charity fraud can occur in many forms and come from internal and external sources, such as fundraising, banking, tax and Gift Aid, properties and investments or charity identities. Trustees must manage resources responsibly and take
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13-11-2024
With a dynamic career history and expertise gained across many niche and intriguing specialisms, Mark Dawes joined Wilder Coe in April 2024 and is a valuable addition to the tax department in his new role as Tax Partner. We sat down with him and learned more about the man behind his many talents. Mark Dawes
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12-11-2024
The Government estimates that new obligations placed on employers under the Employment Rights Bill could result in substantial compliance costs – totalling around £5 billion. The Bill will introduce a ban on many zero-hour contracts and extend day one employment rights across several areas, such as protection from unfair dismissal and parental leave. For employers,
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