22-10-2024
For business owners and directors, dividends may form a critical element of your salary strategy and tax planning, keeping your tax liabilities to a minimum. To extract profit tax-efficiently from your business, you may use a combination of: Salary – Typically set at or around the Personal Allowance of £12,570 to minimise Income Tax and
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22-10-2024
As the Government seeks to plug certain gaps in the public purse, we are unlikely to see any change in Income Tax thresholds – despite wages and the State Pension rising. Under the previous Government, tax thresholds were frozen until March 2028, and it remains to be seen whether this will change under the Labour
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22-10-2024
Labour shortages, particularly in the hospitality sector, are creating significant challenges for many businesses this year. Managing your costs while trying to maintain service quality and customer relations can be a difficult balance. Given the difficulty in hiring sufficient staff, many of you will be investing in technology to increase your efficiency. Luckily, the Annual
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22-10-2024
Labour’s Autumn Budget is just around the corner (30 October) and many businesses are uncertain of what the next few years may hold for them. The Prime Minister Keir Starmer has already warned of a “painful” Budget, with big changes to taxation, funding for public services, and incentives for investment. For businesses, these changes can
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14-10-2024
Our Wilder Coe team were delighted to attend Stevenage Community Trust’s annual Dinner & Dance on Friday 4th October. The black-tie gala helps fundraise for local charities in and around Stevenage and surrounding villages with a silent auction and raffle. Faye Thompson, Head of Cloud Accounting said, “Our first appearance at the black-tie charity event
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01-10-2024
We are delighted to announce Charlotte Willmore and Mark Dawes stepped into new roles within our Partnership Team as of 1 October 2024. 🎉🥳 Charlotte commenced her journey with us as an AAT student in 2010, fresh out of school, and completing her ACA qualifications in October 2015. After leaving Wilder Coe briefly, Charlotte returned and
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01-10-2024
Did you know you can claim back 25p each time an individual donates £1 to your charity? This is Gift Aid. The Charity Finance Group and their #TickTheBox campaign provide opportunities for UK charities to increase engagement with Gift Aid. Government figures released in July 2023 showed that the amount of Gift Aid claimed had
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12-09-2024
HMRC has begun to issue ‘nudge letters’ to cryptoasset owners who may have underpaid tax when selling their assets, urging them to amend or submit a tax return. In this rapidly evolving sector, asset holders are not always clear on what income or profit generates a tax liability. This follows the introduction of CARF –
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12-09-2024
Having the right team that aligns with your goals and values is key to the success of your business. However, many sectors are currently facing a skills and staffing shortage. Government data shows that over one-third of vacancies were skills-shortage related, with around a quarter of all employers having at least one vacancy within their
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12-09-2024
Your environmental, social and governance (ESG) strategy might just pave the way to growth for your business. ESG initiatives are increasingly important for businesses in terms of client values and acting ethically. However, tracking and reporting on ESG objectives may also be the key to achieving efficiency and optimised business performance – crucial drivers of
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12-09-2024
While we’ve made meaningful progress in the global energy transition, the pace is still too slow. The charity Accounting for Sustainability (A4S) and Aviva Investors have sounded the alarm in their new report, Accelerating the Transition: Assessing Progress and Driving Action. Despite the shift from voluntary to mandatory sustainability reporting, emissions continue to rise. Scientists
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12-09-2024
The furnished holiday lettings (FHL) tax regime is set to be scrapped from April 2025, with draft legislation already on the table. If you own a holiday home, now is the time to get familiar with these forthcoming changes and consider how they could impact your tax liability. From April 2025, the tax incentives associated
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Matrimonial Disputes & Tax
Matrimonial Disputes & Tax Our specialist tax Partners, working alongside our Forensic team, provide independent expert advice and expert witness evidence on complex tax matters arising in matrimonial and family law disputes. We are appointed by applicants, respondents, jointly by parties, and by legal advisers, to support negotiations, mediation, other ADR proceedings, and family court […]
