11-05-2022
As businesses explore ways to be ‘greener’, organisations look to employ a tax regime that encourages zero or low emission vehicles. So, what exactly are the tax benefits? We look at some more commonly asked questions from clients wanting to understand the tax advantages of electric vehicles (EV) or e-bikes. How do you calculate
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10-05-2022
From 1 September, the Trust Registration Service (TRS) expansion means more trusts will need to register with HM Revenue & Customs. Introduced five years ago, the TRS makes the beneficial ownership of assets held in trust more transparent. While many trusts have already signed up to the TRS, the expanding service remit now includes more
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10-05-2022
When HM Revenue & Customs (HMRC’s) current guidance on the tax treatment of tips and troncs was first published back in 2014, tips and troncs were paid almost exclusively in cash or through card transactions. Of course, in the eight years since, things have changed dramatically and payments are frequently made via app-based platforms, whether
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10-05-2022
According to Small Business, we have seen a surge in new company formations over recent years as entrepreneurs develop innovative business ideas and bring them to market. On top of this, many workers are scaling up their "side hustles" operations to deal with customer and client demand. Many businesses initially rely solely on the founder. However, there
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10-05-2022
HM Revenue & Customs (HMRC) is retaining its online portal for workers to continue claiming the working from home tax relief for the 2022/23 tax year. Whilst the rules and relief value remain unchanged, far fewer people like to claim this relief. Unless another lockdown occurs, only people instructed by their employers to work from
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10-05-2022
Throughout the pandemic, the Government has offered £79.3bn in loans to help businesses survive and invest for the future. However, only the Recovery Loan Scheme remains open until the end of June - with no replacement lined up to take its place. Despite the popularity and value of these loan schemes, many small businesses are concerned they
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10-05-2022
Are you or your clients making PAYE payments to HM Revenue & Customs (HMRC)? Fresh warnings are out by HMRC to remind employers to ensure that their payment reference numbers are correct so that payments are recognised. Each payment reference number relates to a specific employer and covers a particular accounting period. HMRC uses these
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06-05-2022
Did you know that May is National Walking Month? #WalkThisMay ?♀️?♂️ At Wilder Coe, we regularly encourage activities that help reduce our environmental impact, inspire healthy lifestyles, and support local communities. Our next fundraising challenge aims to get everyone to embrace the great outdoors, stretch their legs, and improve our neighbourhoods by raising money for
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14-04-2022
As the war in Ukraine continues, many charities are working tirelessly to help the estimated 18 million people affected by the conflict. Globally, commercial and other organisations are putting forth their best efforts to fundraise and support those affected by the crisis. Charities can collaborate with these organisations to achieve the same outcome by: Fundraising,
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12-04-2022
After you have your charitable purpose, the next decision you need to make is to choose which charity structure works for you. The structure affects how your charity will operate: Who runs it and whether it will have a wider membership Whether it can enter contracts or employ staff Whether trustees will be personally liable
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06-04-2022
From 7 May 2022, HM Revenue & Customs (HMRC) will launch a new mandatory P87 form for income tax relief. What is a P87 form? Workers and agents use P87 forms to claim employment expenses. However, only employees can claim tax rebates. If you are self-employed, you can claim via the self-assessment system. Taxpayers must
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06-04-2022
April 2023 will bring several significant changes to research and development (R&D) tax reliefs. Some businesses will find these changes positive. Whilst other changes can affect what income qualifies for R&D tax relief. Organisations need to ensure they remain compliant with new rules. Although Parliament is still considering these new measures, details of upcoming amendments
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