Bee-Lean Chew
Funded and thriving: Understanding financing
Financial initiatives to support business growth are continually being announced by the Government, local authorities, individuals and private-sector companies. Funding from private companies often aims to nurture specific industries, particularly high-growth sectors like technology, sustainable manufacturing and healthcare. They might target general growth or specific projects, such as the development of a new product. If…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
Your quick guide to paying tax on your pensions
Making sure you’re paying the right amount of tax can be taxing! If you receive a State Pension or other type of pension, then you may still need to pay tax on it. Without the pay-as-you-earn (PAYE) structure of the workplace, you may find it hard to know when and how to pay tax on…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
What you need to know about the High-Income Child Benefit charge and the upcoming changes
The High-Income Child Benefit Charge (HICBC) is a tax that affects households where at least one person with parental responsibility has a taxable income exceeding
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
Why companies fail to pay the National Minimum Wage and how to avoid the same mistakes
The Government recently named over 200 companies for failing to pay the national minimum wage (NMW). The list includes firms of all sizes and various sectors. Some notable brands
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
Using accounting and audit technology in the renewable energy sector
Accounting and audit technology is changing the way many conduct business and how data is analysed. When used intelligently, it can deliver real benefits to renewable energy companies and the wider society. As the renewable energy sector expands, the importance of accurate accounting and audit technology has become increasingly apparent. Technology is essential in ensuring…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
Fiscal drag bites on earners
Have you heard of fiscal drag? A growing number of people are affected by changes to personal tax allowances and higher interest rates. A phenomenon known as fiscal drag sees taxpayers pushed into higher tax brackets due to wage increases as they keep pace with inflation. With the UK Government freezing most tax bands until…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
P11D – Are you ready to report by 6 July?
Benefits in Kind (BIK) cover several different perks or additional employer payments to their employees. They can include any of the following: It is the employer’s responsibility to confirm all above-mentioned taxable benefits are on a P11D form and submitted annually to HM Revenue & Customs (HMRC). It is worth noting that employers must include…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
Crypto transactions reporting in self-assessment
Does your business use cryptocurrencies and non-fungible tokens (NFTs)? Greater scrutiny is now on reporting all crypto transactions. HM Revenue & Customs (HMRC) confirmed from 2024-25 self-assessment tax return forms will feature a new segment to declare any gains from crypto assets for individuals and trusts. Greater security The heightened scrutiny of crypto-asset holders becomes more…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
How do changes in Corporation Tax affect my business?
Changes in the Corporation Tax (CT) amount businesses pay came into effect on 1 April. The main rate of CT rose from 19% to 25% for the most profitable companies for the financial year beginning 1 April 2023. Companies whose year-end is 31 March will pay 19% CT for the 2022/23 period and 25% for…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
Lifetime Allowance abolished for pensions
Announced in the Spring Budget, the Lifetime Allowance (LTA) abolition releases people to save as much as they like in their pension schemes. The LTA limits how much people can build up their pension pots over a lifetime whilst benefiting from tax incentives. The previous threshold was £1,073,100. Anything over that was subject to a…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
Business rate changes as rateable value update takes effect
The Valuation Office Agency (VOA) has published the official rateable values for non-domestic properties and all businesses in England and Wales. Local authorities use the reevaluation list to determine business rates to levy offices, shops, pubs, and warehouses. Most non-domestic properties will attract business rates, even if only part of the building operates for non-domestic…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd
Imminent changes to Corporation Tax
Businesses must plan for the rise in Corporation Tax (CT), coming into force from 1 April 2023, and sees the top rate of tax rising from 19% to 25% The tax applies to all profitable limited companies – from trading income or the sale of investments or assets. The new approach to Corporation Tax After…
- Forensic Accounting in England
Bee-Lean Chew
bronze Bee-Lean is a bronze memberPartner at Wilder Coe Ltd