Latest News and Updates

Tax quick wins - crossing the tax finish line
With the end of the tax year fast approaching (5 April), you should assess your current tax situation and utilise the reliefs and allowances available. Here are a few tax quick wins you can consider to help reduce your liabilities now and in the future: Inheritance Tax (IHT) Each tax year, individuals can give away
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Tax planning is an ongoing process with Spring Budget looming
With the Spring Budget looming in March, it is easily tempting to delay tax planning until afterwards in hopes of favourable tax cuts. However, the Chancellor has made it clear that significant cuts to taxation are not likely to be in his speech. So businesses should prepare for the changes introduced in the months ahead.
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Daniel Proctor Returns to Wilder Coe
In August 2013, Daniel Proctor interviewed for Wilder Coe’s audit trainee programme after being introduced through the HAT Group. Now, nearly a decade later, Daniel has returned to where it all began as our newest Audit Manager.  After graduating from the University of Surrey with a first-class degree in Economics, the appeal of accountancy and
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Alongside commemorating its 50th anniversary year, Wilder Coe, with ETL Global, welcomes Robert Bradman and Bee-Lean Chew as Joint Managing Partners, effective 1 January 2023.  Jitendra Pattani, who has been Managing Partner since 2017, is now stepping into the role of Chairman.   Jitendra Pattani comments, “It has been a pleasure to manage the Firm over
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VAT penalty system
A significant overhaul of the VAT penalty system came into effect on 1 January 2023, with new changes to how penalties are applied and how to calculate and pay interest.  Let us break down what you need to know about the changes. What is changing in the VAT penalty system?  The main change for businesses
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improving your balance sheet
Keeping up-to-date with your organisation's financial health is critical to its success. A great place to start is by understanding what a balance sheet is and what it can tell you about the health of your business.  Let us explore what a balance sheet is and how you can improve yours. What is a balance
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salary or dividends
If you own a small business and are also a shareholder director, you may wonder whether to take a salary or dividends. When it comes to paying yourself, there are both advantages and disadvantages to each option, including potential tax savings. We’ll explore how taking salaries versus dividends for shareholder directors of small businesses in
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inheritance tax considerations for gifting to grandchildren
For many individuals in the UK, gifting to grandchildren is an opportunity to reduce their tax burden. But before entering into any gifting arrangement, it is crucial to understand the various tax considerations that come with it.  We discuss some of the tax implications of gifting to grandchildren in the UK. Inheritance Tax implications UK
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Improving your business finances
Every business needs sound financial planning and oversight to thrive. With the new tax year approaching, now is the perfect time to start thinking about ways to improve your business’s finances in 2023.  Read on to learn some tips to guarantee your business’s finances are healthy and secure. Develop a financial plan The best way
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super deduction allowance ends in March. Time running out
Businesses are running out of time to take advantage of the Corporation Tax super-deduction capital allowance scheme, which allows companies to claim back 130% on investments made in plant or machinery. The scheme runs until 31 March 2023. With Corporation Tax rates set to rise in April 2023 for more profitable businesses, there’s not much
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MTD for ITSA delayed until April 2026
The Government announced a two-year delay and changes to the rollout of its Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative.  MTD for ITSA will now look to begin from April 2026 for a small group of taxpayers rather than launching in April 2024. The move will give self-employed workers, sole traders and
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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.
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If you would like to see full details of our data practices please visit our Privacy Policy and if you have any questions please email info@wildercoe.co.uk.

The Landmark Environmental Pollution Case That Could See Thousands Compensated

The Landmark Environmental Pollution Case That Could See Thousands Compensated A landmark environmental pollution case has reached the High Court, with more than 4,500 people who live or work near the rivers Wye, Lugg, and Usk joining legal action against one of the UK’s largest chicken producers and a water company.  The case, which is being touted […]