17-11-2022
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”
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11-11-2022
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
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10-11-2022
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
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10-11-2022
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
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10-11-2022
The status of IR35 or off-payroll working has recently caused more confusion once the repeals to reforms announcement by Kwasi Kwarteng were scrapped by new Chancellor Jeremy Hunt. Tax legislation designed to stop a form of tax avoidance known as disguised remuneration; IR35 is a set of rules applicable to individuals who avoid paying Income
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10-11-2022
Card payments rocketed during the pandemic with no sight of slowing down. According to figures from the British Retail Consortium (BRC), card payments account for four of every five payments made. But as consumers switch, the soaring cost of accepting card payments is hitting retailers and adding to business costs. According to the Institute of
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10-11-2022
If you are an owner of a limited company, taking dividends from your business is a mainstay of effective tax planning. When taking money in the form of a salary, you can make the most of an additional £2,000 annual allowance and lower rates. However, there are restrictions on the circumstances in which a limited
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10-11-2022
Do you invest in property? Are you rethinking your property portfolio? Property investment can provide strong returns. However, you must plan carefully to achieve the best outcomes. Just buying new properties without a clear strategy would be risky. Although interest rates and costs incurred by landlords are increasing, the correct approach to property investment can
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25-10-2022
On Monday, 23 October 1972, Robert Coe and Ian Wilder first opened the doors to Wilder Coe Chartered Accountants in Grosvenor Place. Having known each other since school, Robert and Ian took different routes into the accounting world, but their paths crossed again at a small city firm in the late sixties, where they decided
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24-10-2022
Organisations have less than half a year left to use the opportunities available to incorporate businesses under the super-deduction capital allowance. This Corporation Tax relief operates similarly to previous capital allowance schemes, helping companies to invest in new qualifying plants and machinery, but is perhaps more generous than any other scheme that has come before.
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24-10-2022
On 23 September, Kwasi Kwarteng implemented significant changes for Stamp Duty Land Tax (SDLT) thresholds, all of which have been retained by the new Chancellor, Jeremy Hunt. Thresholds for first-time buyers have increased from £300,000 to £425,000 on property worth up to £625,000. While for everyone else, the threshold has doubled from £125,000 to £250,000.
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17-10-2022
On 23 September, the markets experienced considerable volatility due to the ‘Growth Plan’ delivered by the former Chancellor, Kwasi Kwarteng. That made regaining economic confidence an urgent task for the newly appointed Chancellor, Jeremy Hunt, who has delivered a reversal of many of the key tax measures announced in the mini-Budget in a new fiscal
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