Latest Blogs

12th April 2022 Cross-sector acquisitions

Mergers & acquisitions (M&A) are at a high – a recent survey found that 66% of UK CEOs expect to pursue transactions in the next 12 months. Our corporate finance team can assist with both acquisitions and disposals of your business, including marketing and due diligence.   In this blog we explore the possibility of…

23rd March 2022 The Spring Statement and businesses

A Spring statement isn’t a budget, but this Spring statement felt like a mini budget in terms of the immediate announcements that will come into effect and also those that will be happening in a few months’ time. Spring Statement 2022 What has been in the Chancellor’s favour has been the strength of the UK…

9th December 2021 NEWS: Xero Bank Feed disruptions

Please be aware of the following current bank feed disruptions in Xero, as per Xero’s blog page, with the following banks as of 9th December 2021 :   AIB (UK) (Open Banking) Currently AIB (UK) credit cards are unavailable to connect through bank feeds. We’re looking into getting this reinstated. For now please manually import…

27th October 2021 Budget: Changes for private tax clients

What was not included in the 2021 Budget was probably more important to private tax clients than what was included – no expected increase in CGT rates and no expected restriction of higher rate income tax relief on pension contributions. Whitings summary and commentary on 2021 Budget. There is a minor administration change that will…

27th October 2021 Budget: “Hooray for AIA!”

In the Chancellor’s Budget on 27 October 2021 it was announced that the planned date for reducing the Annual Investment Allowance limit from £1m to £200k is being extended from 1 January 2022 to 31 March 2023. This will effect businesses who are planning on investing more than £200k in plant and machinery from January…

27th October 2021 Budget: Key business tax measures

The 2021 Budget included two key tax measures for SME businesses: The retention of the £1m annual investment allowance for capital expenditure, up to 31 March 2023, is to be welcomed and is a measure to encourage businesses to  keep investing in new plant and machinery. The Budget also confirmed the Government’s commitment to R&D…

10th October 2021 Where is revenge spending?

As we are hopefully now at the start of the end for Covid related business activity disruption. The accounts of local SME’s are now starting to show part of the damage they have experienced through the lock-downs and associated restrictive measures. The overall effect upon turnover for the year-ends of 2020 has not been as…

2nd October 2021 Self Assessment late payment penalties

HMRC are now issuing six month late payment penalty notices, as the due date for 2019/20 tax payments was over seven months ago (includes consideration to the additional months extension as a result of the pandemic). Taxpayers facing financial difficulties due to the impact of COVID-19 may have entered into a time to pay arrangement…

1st October 2021 Whitings LLP Conversion

We are pleased to announce that we have today incorporated our practice into a limited liability partnership and shortened our business names from Whiting & Partners/Whiting & Partners Ltd to a unified Whitings LLP. As the world and our practice move forward, we have also modernised our branding and created a new group structure:  …

23rd September 2021 MTD Delay

Making tax digital (MTD) for income tax is being delayed, originally due to come in from 6 April 2023 this has now been delayed. New proposed timetable: 6 April 2024: MTD for individual landlords with >£10k pa of rental income. 6 April 2025: MTD for general partnerships. No sooner than 2026: MTD for corporation tax.…