My Latest Blogs
19th April 2024
Audit exemption limits set to rise
What could the changes to Audit exemption limits mean for you? The government has recently announced changes to company law that will see company size thresholds increased by 50%. This is hoped to reduce complexity and additional burden for companies. These changes are intended to be in place for year ends commencing on or…
21st November 2023
Charities Difficulties Opening Bank Accounts
Having a strong relationship with a bank is crucial for many Charities that depend on the robust controls and support that a bank can provide. In recent years Charities have found it more difficult to open bank accounts particularly with the UK main high street banks, which has added to stresses that Trustees face along…
9th November 2023
Trustees’ Week – Thanking All Trustees
Trustees’ Week 2023 At Whitings LLP we have many trustee contacts that play such a vital role in the charities we act for. Charities have a huge impact on society and we act for many that dedicate their time and services to a variety of good causes. As part of Trustees’ Week we…
4th October 2023
Growth continues for our SME corporate finance specialists
The annual benchmarking data for The Corporate Finance Network, of which we are a member firm, has been published. Key findings are: For the second year running, like-for-like corporate finance fees have increased by 36% per firm on average, after a 19.9% increase last year across 200 deals led by 21 firms across The Corporate…
14th September 2023
Recovery Loan Scheme is back
The Recovery Loan Scheme is back (RLS3) in a new form, to support access to finance for smaller UK businesses for growth and investment. The current phase of RLS3 is due to end on 30th June 2024. The RLS is designed to support businesses with cashflow, investment and growth with funds up to £2m.…
2nd May 2023
How ISA 315 will impact your audit
ISA’s are the International Standards on Auditing. There are regular changes, revisions and new ISA’s implemented across the audit world. A recent revision to ISA 315 is well talked about, due to the significant changes it brings to audits. ISA 315 covers ‘Identifying and Assessing the Risks of Material Misstatement’ and the revised ISA…
28th October 2022
How the weaker pound could make your business more attractive
As the British pound falls to record lows against the dollar, this generally has severe consequences for many businesses, especially those buying from the US. Unless companies have already bought forward or hold dollars, the impact will be much higher purchase prices for their goods. For low margin businesses, this could have the potential to…
8th September 2022
Bounce back loans: Managing repayments
During Covid-19 many businesses took out a government backed Bounce Back Loan (BBL) to financially support with funds up to £50,000. Repayments have now begun, and businesses are using a range of options to manage this going forwards. Many businesses continue to struggle through the aftermath of Covid-19 and challenging economic times. The options…
10th August 2022
Seeing double: New recovery loan scheme begins
While one government-backed Recovery Loan Scheme (RLS) ends, another opens. The previous RLS closed on 30th June 2022, but to follow this the government have introduced a new RLS scheme to support businesses through the out-turn of the pandemic, expected to be accessible after 1st August 2022. The New Recovery Loan Scheme Government…
12th April 2022
Cross-sector acquisitions
Mergers & acquisitions (M&A) are at a high – a recent survey found that 66% of UK CEOs expect to pursue transactions in the next 12 months. Our corporate finance team can assist with both acquisitions and disposals of your business, including marketing and due diligence. In this blog we explore the possibility of…