Latest Newsletters for
Latest Newsletters for
8th November 2016
Sage50 Cloud Accounting
With the speed of internet connections increasing, combined with a reduction in cost, businesses are now considering operating their key software packages ‘online’. Broadband roll-out is nearing saturation point, meaning internet useage is transforming from a variable to a fixed cost, allowing you to ‘cap’ the total spend.
8th November 2016
Dividends Certified Eligible Remuneration Cost for EU Funding
By using approved CoMAv methodology, Whitings were successful in requesting that the European Commission reconsider their initial ruling that dividends are not eligible for reimbursement on FP7 projects. Many businesses work on collaborative projects, funded by the EC. These projects are regulated by the notoriously complex EC grant funding agreements. The most recent round…
7th October 2016
Engineering Firm £1m MBO Preferred Exit
We have successfully advised the business owners of an engineering firm on its £1m buy out by the existing management team. Our team were initially approached by the business owners for exit planning advice. The owners had successfully built up an engineering business over 20 years and were now considering options for the business as…
15th June 2016
Pest Control Business Grows by Competitor Acquisition
Whiting & Partners, the CFN’s representative in Suffolk, has successfully advised a pest control business on its acquisition of a key competitor. The owners of the acquisitive pest control business approached us. The company was contacted by a competitor, who wanted to retire and wondered if they would be interested in acquiring the business. Our…
8th June 2016
Business exit options
Three years ago, I was approached by business owners who wanted advice on exit planning. The owners had built up a successful business over 20 years and were now in their late fifties. The business is a leader in its field and operates with a high level of professionalism. The owners felt strongly that their…
3rd March 2015
Running a Sage Year End
Running a year end on Sage50 is something which you will probably not do often enough to remember the order of events. Let us help you: Post all transactions for the year onto Sage (it does not matter if you also post next year transactions). Reconcile all bank and cash accounts up to the year…
3rd March 2014
Salary Sacrifice to Boost Pension Funding
As employer funding of occupational pension schemes becomes more expensive and complex, many employers are abandoning this traditional remuneration channel, leaving employees to organise and fund their own retirement income planning. This change in policy will typically be structured by an increased salary, to enable the employee to individually contribute directly into a personal pension…
3rd March 2014
Buy-to-let Taxation
If you are considering purchasing a residential buy to let property, you may not be fully aware of the taxation implications. Usually there will be two taxes that you may have to pay. These are, income tax, which is payable each year based on your profit from the buy to let property, and capital gains…
10th September 2013
ECDC Business Rates Relief for Charities
Higher Business Rates for Not for Profit Organisations within East Cambs District. Since March 2012, East Cambridgeshire District Council (ECDC) has been reviewing it’s policy on granting Discretionary Relief on business rates to give assistance to charitable and not for profit organisations that may have difficulty in paying their rates and are of benefit to the…
8th April 2012
Sell your business onto your workforce with an employee ownership trust
You’ve spent a lifetime building up your business and the thought on retirement of selling out to your business rivals may be unpalatable and selling to your own management team may not be feasible – there is an alternative. Allowing your staff, through an employee ownership trust, to take ownership through a phased transition allows…