Here To Help In Times Of Uncertainty

Whitings are here to help in times of uncertainty. Individuals and businesses alike prefer certainty, however this is perhaps something there hasn’t been since COVID-19 and what that brought to us. Now, with a change of Government and their manifesto titled “Change” I think that we can all be certain that the uncertainty will continue.

The Finance Act 2024 was given Royal Assent on 24 May and we will see an Autumn Budget on 30th October, at which point there are expected to be further changes, although these should be very limited if it follows the promises made in the election campaign.

However, there does need to be clarification as to the manner in which the rules governing Furnished Holiday Lettings are to be treated in the future.

Then there is the matter of how to make business more competitive, to encourage investment and growth. Will this mean that taxes will be reduced? or tax bands amended to allow for the country to become more competitive on a global scale? This is certainly important for many businesses in this area.

Speculation will increase as to which taxes are to rise and this again will bring further uncertainty, planning therefore becomes much more difficult, and the timing of any decisions will be increasingly important.

Ensuring that you have the right advice from those that are advising you is imperative, but ensuring that the advice is also timely is paramount.

With our experience of the region and its businesses we have a wide and experienced team who ensure that they are on hand to assist all of our clients, whether it relates to:

• The correct payment of tax
• When to purchase plant and machinery
• Succession planning
• Raising finance
• Dealing with HMRC
• Probate matters
• Complex company restructures.

Get In Touch

We are certain that we are best placed to assist all of our clients on the subjects that do affect them and are going to affect them in the future. If you would like more information or advice, contact your local Whitings LLP office today.

Disclaimer - All information in this post was correct at time of writing.