02-09-2024
Since 1998, the Chartered Institute of Payroll Professionals has celebrated National Payroll Week (NPW) to give recognition to all who work in payroll. Our Stevenage-based Payroll Outsourcing department shared what they love about the profession. #choosepayroll How long have you worked in the profession and what experiences do you have? We have 40
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14-08-2024
Responsibility for overseeing the financial affairs of charities rests with trustees who must safeguard the resources entrusted to them. Charities and not-for-profit enterprises must operate effectively and to the highest financial and ethical propriety standards. Financial transparency is essential for an organisation that wishes to remain with the law but maintain public trust and
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09-08-2024
Successful fundraising is critical to the mission of a charity. Not only do you need to ensure that you can raise the funds you need to deliver services and meet your goals, but you also need to ensure that the funds raised are used effectively. Poor fiscal management in the charity and not-for-profit sectors can
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07-08-2024
There are charities for all kinds of issues and causes, from local to global, but all of them must comply to strict regulatory framework that governs their activities. The UK charitable sector is one of the largest and most vibrant in the world. It delivers a range of services to individuals and communities both here
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02-08-2024
Many people in the UK have been involved in some form of voluntary activity in the past 12 months. Around a third of those people regularly volunteer with a charity or other similar organisation within their community. While many charities will have full-time staff, others will depend on volunteers. Most UK charities will use volunteers
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02-08-2024
King Charles delivered his speech to Parliament last month following the election, setting out the priorities of the new Labour Government for the months ahead. The speech included 40 pieces of legislation that the Government plan to implement. To help you understand what the next five years may hold, here are the details of all
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02-08-2024
The first Budget of the new Labour Government has been announced to take place on 30 October 2024. Ahead of the budget, Chancellor Rachel Reeves has announced that spending cuts worth £13.5 billion will be required over the next two years. She explained that this was due to the scale of the previous Government’s overspending,
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02-08-2024
In a bid to ease the regulatory burden on businesses, new thresholds for classifying company sizes have been announced. This change, introduced by the previous Government, could allow around 132,000 businesses to skip mandatory audits. Under the current plans, which may be subject to change, companies will be able to benefit from the threshold changes
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02-08-2024
Recently, many pensioners received surprising news: a tax bill for the first time. This stems from HM Revenue & Customs (HMRC) decision to send letters to over 140,000 pensioners, who have taxable income but are not filing Self-Assessment. In total, 560,000 pensioners will receive letters, covering the 2023/24 tax year. Why is this happening? The
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02-08-2024
Recently, there has been a significant increase in company closures due to petitions from creditors, particularly HM Revenue & Customs (HMRC). In 2023, forced closures rose by 63 per cent compared to 2022. This spike is mainly due to high interest rates making Covid-era debts hard to manage, along with HMRC's backlog of cases. Many
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02-08-2024
The issue of late payments has become a growing concern for small businesses. Recent data from Xero Small Business Insights reveals that, on average, payments were made 7.3 days late between April and June 2024. This is an increase of 1.8 days from the previous quarter. This marks the largest quarterly increase in late payments
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29-07-2024
On the evening of Thursday 11th July, several of the Stevenage-based Wilder Coe team members attended a vibrant summer party hosted by the Hertfordshire Chamber of Commerce in celebration of their centurion anniversary, sponsored by Sopwell House, Taylor Walton Solicitors and Oventrop. The event brought together professionals across various industries and backgrounds, within the Hertfordshire
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A Strategic Alternative: ADR for High-Value Commercial Disputes
A Strategic Alternative: ADR for High-Value Commercial Disputes When a significant commercial dispute arises, the instinctive response is often to resort to court proceedings. For business owners, shareholders, and directors facing disputes that revolve around intricate financial issues and evidence, however, judicial processes can involve aspects which are detrimental to achieving an efficient resolution. Often characterised as a long, arduous process, litigation can also be a very expensive way to resolve disputes, and in instances […]
