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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17-10-2022
The Prime Minister has announced that the Corporation Tax increase declared by the previous administration and then cancelled by the former Chancellor Kwasi Kwarteng will take place in April 2023. What does the announcement mean? Companies with profits of £250,000 or more For companies with profits of £250,000 or more, the upper profits limit, the
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05-10-2022
In his mini-Budget, the former Chancellor Kwasi Kwarteng announced plans for Tax-Free Investment Zones across England. The Government says these new economic zones will drive growth by lowering taxes and freeing up planning to encourage development and business investment. What are the benefits of Tax-Free Investment Zones? These zones will offer several advantages to the
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05-10-2022
Research & Development (R&D) tax reliefs have supported thousands of businesses to invest in innovation by cutting the tax they pay. However, from 1 April 2023, there will be several changes to the rules surrounding R&D, which could affect how much relief you can claim. Expand eligible expenditure to data sets, cloud computing and pure
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05-10-2022
From 11 October, the interest rates on late tax payments rise again in line with the Bank of England’s (BoE) latest base rate increase. The BoE increased the base rate by 0.5% to 2.25% in September due to inflation. Due to this, the late payment and repayment interest rates applied to tax debts will rise
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05-10-2022
The Pound Sterling’s fall to close to parity with the dollar means that the cost of investing in UK businesses is lower than ever. In particular, for organisations and individuals based in the United States or otherwise primarily trading in dollars. Simply put, their dollars are now worth more pounds, meaning they get more bang
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23-09-2022
With a new King at the Palace and a new Prime Minister at Number 10, it was no surprise that the new Chancellor at Number 11 used his first statement to the House of Commons to signal a “new era” for fiscal policy. It turned out to be a striking change of direction, as the
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