01-12-2021
Self-Assessment taxpayers have been warned to be on their guard against fraudsters trying to steal their information. Over the last year, HM Revenue & Customs (HMRC) received nearly 900,000 reports from the public about suspicious HMRC contact, which included phone calls, texts or emails. More than 100,000 of these were phone scams, while over 620,000
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01-12-2021
For busy small businesses, a PAYE Settlement Agreement (PSA) offers a simpler alternative to pay your employees. It allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for your workforce. According to HM Revenue & Customs (HMRC), if you get a PSA for these items, you
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01-12-2021
Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts. They are angry that Chancellor Rishi Sunak has frozen the IHT nil rate band and residence nil rate band at £325,000 and £175,000, respectively, until 2026, while the value of
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01-12-2021
Every year many of us decide to set a New Year’s resolution. Perhaps it is losing weight, going vegetarian or putting extra money away in your savings. Of course, inevitably, life can get in the way and it is easy to lose track of the promises you set yourself. However, if there is one goal,
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01-12-2021
The final stage of Making Tax Digital (MTD) for VAT is just a few short months away. From 1 April 2022, even the smallest VAT registered business will need to comply with the quarterly digital recording and reporting of VAT – including those below the £85,000 VAT threshold who are voluntarily registered. Millions of UK
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19-11-2021
Are you confident you have your company set up correctly? Creating a company places significant responsibilities on a director with accompanying corporate governance obligations. Ian Saunders, Head of Company Secretarial, looks at why directors must be accurate when supplying information during and post-incorporation. Starting up a new company may seem relatively easy with Companies House.
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16-11-2021
After her recent promotion, Caryl King shares her story and advice she’s learnt throughout her career journey to Partner. Joining in 2008 to start the audit training programme, Caryl’s path at Wilder Coe spans nearly 14 years. Although Caryl’s degree from the University of York is in Economics and Finance, becoming a chartered accountant wasn’t
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03-11-2021
In November 2021, the UK is hosted its biggest and most significant summit to tackle climate change. COP stands for Conference of the Parties, and COP26 is the 2021 edition of the United Nations annual conference around climate change. COP26 is the most significant event around climate issues since COP21 (the 2015 United Nations climate
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02-11-2021
For years businesses on the British high street have been calling for reforms to the business rates system. The Chancellor has finally announced new measures in the Autumn Budget that he claims will reduce the burden of business rates in England by over £7 billion over the next five years. The reforms are intended to
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02-11-2021
The Help to Grow campaign was first announced in the Spring Budget earlier this year but received yet another mention in the Autumn Budget as the Government ramps up support for smaller businesses. It has been designed to help more than 100,000 SMEs access management training and advice on innovations that are focused on boosting
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02-11-2021
UK businesses have had plenty to cope with over the last 20 months or so. Hammered by COVID-19, hit by a skills shortage and coping with sometimes patchy supply chains. So, it’s even more important that they have robust measures in place to tackle fraud. Fraud is simply the intent or the act of misrepresentation
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02-11-2021
If you have to submit a Self-Assessment tax return to HM Revenue & Customs (HMRC), you only have a few weeks left to submit it online. The clock is ticking on the 31 January 2022 online tax return deadline – miss it, and you could face fines. The 2020/21 tax return covers earnings and payments
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