Latest Blogs in General Practice
Andrew Winearls
6th June 2015 Share Valuation Test Case

Mr & Mrs Foulser v HMRC: interesting test case on valuing shares in unquoted company. Business owners may only have to value shares in their family company on a few occasions during their lifetime (eg for commercial share transfers, gifts or capital taxes calculations), but the numbers involved are likely to be material. So a…

Ernesta Petkeviciute
3rd February 2015 Pension Schemes

There are many attractive tax saving, asset protection and wealth creation features of owning commercial property within your own pension scheme. Along with other relevant professionals, including advisers from Whitings Wealth Management, we can assist in setting up and providing ongoing support services for the following types of pension scheme: SSAS’s – Small self administered…

Ian Piper
24th January 2015 Protect Valuable Assets from Business Risks

We can assist in this process by assisting in assessing risk and then advising on introducing appropriate mitigation: Robust Financial Management Undertaking a voluntary or statutory audit as, both, a preventative and detective measure. Introducing appropriate financial controls, timely financial reporting procedures and other examples of best practice governance. Registering for the Companies House PROOF…

Mark Haydon
9th May 2014 Recognising Success

2016 British Small Business Awards: Nominations invited. This years Awards are taking place in London on 20th October and the nomination deadline is 27th May. There are 3 categories: Sole Trader of the year, Micro Business of the Year (2-9 people), Small Business of the Year (10-50 people). For further details visit:  http://www.smallbusiness.co.uk/news/opportunities/2516776/nominations-now-open-for-the-british-small-business-awards.thtml and for…

Ian Piper
27th February 2014 Whitings SME Growth Index

Data Source: Whitings’ SME Growth Index The Whitings’ SME Growth Index is a barometer to measure and bench-mark how successful our clients are in being able to grow their businesses. It is constructed as follows: Year on year turnover (excluding exceptional income sources) is continually measured over the review period. Results are assigned to the year in which…

Ian Piper
24th January 2012 Company Pre Year End Planning

Reviewing business financial performance just before the year end, then taking actions to influence how the year end results will look, should be a key element of the annual financial management routine for larger more pro-active businesses. Although tax mitigation is usually the key aim of most company pre year end planning, performing this task,…

Ian Piper
27th May 2020 Tax Free Benefits in Kind

Certain payments made by businesses on behalf of employees are tax free and can be used in flexible remuneration situations: Employer pension scheme contributions (up to £40,000 per employee per annum, plus potential ‘catch-up’ from previous 3 years. This assumes your personal income is not above £200,000, you are not already drawing benefits from a…