Latest Newsletters for
Latest Newsletters for
10th December 2021
Tax Loopholes for Middle England
Securing Entitlement to a State Pension ‘Credit’ without actually paying any NIC. Entrepreneurs that trade through a limited company can set how and how much they are remunerated. It is possible to avoid paying any NIC, yet still obtain a ‘credit’ for that particular tax year for future state pension purposes, by paying a salary of between…
21st July 2021
Top 10 tax elections to minimise tax
Individuals and businesses usually minimise their tax liabilities by claiming deductions, allowances, reliefs and exemptions. Where relevant, making tax elections is also a very effective means of tax planning. s222(5a) TCGA 1992 (Nomination of main residence) This capital gains tax election, often referred to as ‘flipping’, enables taxpayers, who own and reside in more than…
9th July 2020
Life after CBILS
The Recovery Loan Scheme – Government backed loans, 3 months – up to 6 years depending on the product – Up to £10m, no cap on 25% turnover (starting from £25k for term loans & overdrafts, and £1k for asset & invoice finance) – Up to £250k without a personal guarantee – Ability to take…
8th October 2019
Sale of Lettings Agency
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk has advised a well-established lettings agent on its sale to a national group. The Whiting & Partners Corporate Finance team were approached by their client when they decided to explore opportunities to sell their agency. The team, led by Corporate Finance Partner, Chris…
9th July 2019
Use of crowd funding to recapitalise your business
The Banks that like to say ‘No’: Raise finance through CrowdFunding instead. The green shoots have sprouted, the UK economy is on the rise and it’s never been a better time to start that expansion programme you were considering before the recession. However, you’ve seen your bank manager and they’ve DECLINED your funding application. All is…
5th April 2018
£1m MBO of Insurance Brokerage
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the management team of its £1m buyout of an insurance brokerage. The Whiting & Partners team, led by Chris Kelly, was approached by the management team after they had a potential opportunity to acquire the insurance brokerage from the founding shareholders.…
6th February 2018
Sale of Pump Supplier Business
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the shareholders of a pump supplier to a global competitor. The Whiting & Partners team, led by Chris Kelly, marketed the company for sale which led to a number of meetings and subsequent offers from a range of interested parties. The…
5th September 2017
Trade Sale of IT Security Firm
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised an IT security company on its sale to a larger industry player. The vendors had originally acquired the business via a Management Buy-Out a few years earlier and had significantly grown the business under their ownership. The company had reached…
3rd March 2017
Overnight Sweeping
Businesses and individuals with spare cash balances can maximise the interest earned on these sums by instructing their bankers to perform automatic overnight sweeping transfers between their current and deposit accounts. High street banks have traditionally offered low or even nil rates of interest on current accounts. It has therefore always been a fundamental cash…
8th November 2016
Flat Rate VAT
The flat rate VAT scheme is available to any business with annual taxable sales, excluding VAT, of £150,000 or below. Your annual taxable turnover includes standard, reduced and zero rated sales. Once you have joined the scheme you can remain in it until your total VAT-inclusive business income, at any anniversary of joining the scheme, exceeds £230,000.