Latest Blogs

Running a business is exciting, but let’s be honest, keeping track of the numbers isn’t usually the part you enjoy the most. Receipts pile up, spreadsheets go missing and tax deadlines creep up faster than expected. That’s where cloud accounting can make a real difference.   Instead of relying on paper records or outdated systems,…

For years, nuts such as hazelnuts have been grown in sunny climates like Italy and Türkiye. However, as climates change throughout the world, nut production is gradually moving northwards on the world map and into the UK.   Hazelnuts particularly like a ‘Goldilocks zone,’ not too hot and not too cold to thrive. With the…

UPDATED: 19/11/25 Companies House is currently rejecting certain company form submissions, even in cases where Director’s and Persons with Significant Control (PSC’s) have already completed their verification.   To prevent any delays or rejected filings once Companies House’s system is working fully, we advise that all Director’s and PSC’s should complete their verification immediately.  …

Just as important as an understanding of the total value of your estate when undertaking IHT planning, is an understanding of certain legalities. We thank Jeanette Dennis and Fenella Eddell of Ashtons Legal LLP for sharing their wisdom on farming partnership agreements with us. Whilst we have concentrated on partnership agreements, it should be noted…

Changes in Inheritance Tax relief due to be introduced from 6 April 2026, including a restriction in 100% Agricultural Property Relief (APR) and Business Property Relief (BPR) to £1m, will substantially increase the Inheritance Tax due for many farming families.   To implement planning to reduce the tax due requires a full assessment of the…

What Is a Farmhouse? There is no legal definition of a farmhouse. Generally, the farmhouse should be the property in which the farmer lives and the center on which the farm is managed.   Looking at the whole farm helps determine whether the agricultural land is the dominant feature and therefore if the house is…

If you have filed your 2024/25 tax return ahead of 31 August 2025, HMRC are now starting to send out the first batch of letters to those who need to comply with MTD from April 2026 based on what was entered on there tax return. If you have received a letter and are still unsure…

Planning Ahead in a Changing World As we write this edition of our Farming Newsletter we are still knee deep in Inheritance Tax (IHT) planning with our clients. There are many points to consider, and we dive straight into some IHT planning thoughts from one of our Corporate Tax Directors, Jeannette Hume. This is followed…

It’s National STEM Day today and what better time to share our Ely Team’s recent exhibition at the annual East Cambridgeshire Careers & Skills Fair 2025, held in the magnificent Ely Cathedral.   Budding future accountants from all of the local schools had a chance to learn about business and to see if accountancy is…

At Whitings LLP we have many Trustee contacts that play such a vital role in the charities we act for and support.   Trustees play an essential role in the governance of charities, and have a strong personal commitment to the charity’s aims and objectives.   As part of Trustees’ Week, we want to take…