Latest News and Updates
26-06-2023
Times of crisis and rapid social change often bring new business models, opportunities and ways services are delivered. The pandemic was such a moment, forcing businesses to re-evaluate how they worked and to find new ways of operating that reduced risk but enabled them to maintain their service. The restaurant and hospitality industry were profoundly
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26-06-2023
Late or missed payments are a perennial challenge for businesses of all sizes. If you are running a start-up or growing a business, too many missed or late payments can impact cash flow and become a major problem. In some cases, a persistent problem with late or missed payments can even threaten the future viability
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05-06-2023
There have been several important tax decisions previously regarding the difference between vans and cars, but how do the different rules regarding electric vans affect their tax treatment? Let’s use a hypothetical: A Ltd has acquired a new electric company van that its director, Bob, uses to go to and from work, as well as
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05-06-2023
With a growing number of company car owners using electric vehicles, many are deciding or being permitted to use company credit cards to pay for roadside charging. However, what are the implications of this for the employee and business alike? While the answer is fairly technical, the short simple answer is there will be no
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05-06-2023
The 2020/21 tax year saw 1.4 million people charged interest on overdue tax payments – a 15 per cent increase on pre-pandemic figures. The data was released after a Freedom of Information request by investment platform, AJ Bell, but this did not disclose how much money HM Revenue & Customs (HMRC) raised from these late
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05-06-2023
It is important for employees to feel valued in the workplace. A lot of the time, it is the little things that employers can provide to their staff that have the most substantial impact. One such ‘little thing’ is the concept of trivial benefits in kind. Trivial benefits are best described as small ‘token gifts’
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05-06-2023
In the Spring 2023 Budget, the Government laid out plans to shake up the current free childcare system – but many higher earners will be disappointed to find that the changes keep them excluded from the scheme. The existing childcare rules mean that parents are eligible for up to 30 hours of free childcare if
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05-06-2023
As an employer, you will likely face the delicate situation of employees asking for pay rises. With the cost-of-living crisis and rise in inflation, these requests will have become more frequent as people look to keep up with spiralling living costs. Each month, the Office for National Statistics (ONS) surveys collect the salaries of 12.8
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05-06-2023
The UK Government has long encouraged businesses to invest in Research & Development (R&D) projects, believing it to be at the forefront of economic growth. R&D tax reliefs are, therefore, lucrative and aimed at both Small and Medium Sized Enterprises (SMEs) and larger organisations. However, before organisations plan to claim R&D tax relief or expenditure
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18-05-2023
Have you met our newest Tax Manager, Jamie Muirhead? On 1 April 2023, Wilder Coe was delighted to announce Jamie’s new promotion to Tax Manager. Jamie’s role focuses on advising and delivering technical tax support for clients, including individuals, owner-managed businesses, and large corporate groups, ensuring they meet their tax compliance obligations. Jamie also provides tax
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09-05-2023
Benefits in Kind (BIK) cover several different perks or additional employer payments to their employees. They can include any of the following: Private Healthcare Loans Company cars Gym memberships And much more. It is the employer's responsibility to confirm all above-mentioned taxable benefits are on a P11D form and submitted annually to HM Revenue &
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09-05-2023
Student Loans repayments are changing, and employers must prepare. Currently, graduates and students who have taken out student loans must repay their loan when they earn an annual salary of £27,295 or more, with repayments at a rate of 9% on any income earned above this threshold. The threshold is then adjusted annually for inflation
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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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