Latest Blogs in Business Support
Mike Blackledge
25th January 2024 Property Matters Newsletter: Issue 4

Issue 4 of our Property Matters Newsletter is out now!   What to expect from Issue 4: Where Does HMRC Get Information? Types Of Ownership: Property or Land Rent-a-Room Selling Your Garden – Tax Implications     Click here to read our Property Matters Newsletter: Issue 4.     Get In Touch For more information…

Harriet Sim
16th January 2024 31 Jan: Could Your Self-Assessment Tax Be Reduced?

Could your Self-Assessment Tax be reduced?   For those clients that prepare self-assessment personal tax returns, 31 January is usually tax payment day. This tax will primarily be based on your personal income for the tax year ended 5 April 2023, potentially made up of 2 components:   The balancing payment for 2022/23 (total 2022/23…

Ben Beech
16th January 2024 Fenland Business Awards 2024: Nominations Are Open!

Nominations for the Fenland Business Awards 2024 are open!   Whitings LLP are delighted to be the headline sponsor of the Fenland Business Awards for the second consecutive year.   Whitings have served businesses and individuals in the Fenland region since 1928 and as such have been keen to continue to support this event to…

Richard Alecock
12th January 2024 HMRC Interest Rates & ‘Time To Pay’: Self Assessment

The forthcoming Self Assessment payment date of 31st January 2024 is looming. HMRC last increased the late payment and repayment interest rates on 22nd August 2023 and this applies to the main taxes and duties that HMRC currently charges and pays interest as follows:   Late payment interest rate — 7.75%   Repayment interest rate — 4.25%…

Ian Piper
9th January 2024 Spring Budget: SME wish-list?

With the 6th March Budget just around the corner, many SME business owners are beginning to wonder what’s in Mr Hunt’s red ministerial box, which got us thinking, ‘what might the SME wish-list look like in the ideal world?’   There are 2 reasons to be a little more optimistic than usual this time around:…

Rob Dedman
30th November 2023 Autumn Statement: The Follow Up

Autumn Statement: The Follow Up   The Chancellor used his 2023 Autumn Statement to ‘go for growth’.  He has used increased tax receipts from better-than-expected economic performance to fund a headline-grabbing 110 growth-promoting measures.  Highlights include making permanent the ‘full expensing’ capital allowance, R&D tax credit reforms and business rates support for small businesses.  …

Charlie Whittle
29th November 2023 Making Tax Digital (MTD): A Simplification

Alongside the Autumn Statement, the government has announced the outcome of its ‘Making Tax Digital’ review for small businesses. The outcome of the review has prompted some welcome simplifications and tweaks to the regime that should make it easier for taxpayers to interact with the Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) regime.…

Harriet Sim
23rd November 2023 Autumn Statement: How It Effects Private Tax Clients

Are you wondering how the Autumn Statement effects Private Tax Clients?   This year’s Autumn Statement arrived at a time when both businesses and individuals alike are well and truly feeling the squeeze. With the performance of the economy better than expected this year (according to the Office for Budget Responsibility), but expected to grow…

Mike Blackledge
23rd November 2023 Autumn Statement: What’s In It For Businesses?

We all saw the Autumn Statement on 22 November, but the question is, what’s in it for businesses?   This years three words were unsurprisingly Reduce, Cut and Reward, so with inflation reduced, taxes have been cut and there are rewards to hard work.     National Insurance The biggest headlines relate to National Insurance…

Charlie Whittle
17th November 2023 Preserving Your Family Wealth: Trusts

Have you considered preserving your family wealth?   It is a common occurrence in times of economic uncertainty, most recently the COVID-19 pandemic and the 2008 financial crisis, that asset valuations slump. In recent weeks, there has been widespread concern about the economy and in particular the housing market, with the volume of transactions and…