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As charities face increasing demand and complexity, building strong, diverse, and resilient boards is essential, which makes the theme of this year’s Trustees’ week “Recruitment and retention” very fitting. As a starting point, always ensure to read the Governing document of your charity, to ensure the number of trustees doesn’t breach the rules, to check…

[Data Source] As we head towards the end of another calendar year, we now have enough client data to see how SME businesses have recently faired.   Perhaps a little unexpectedly, on average, turnover for 2025 is a respectable 2.6% up on 2024. As you will see from the graph above, this approximates to the…

As Trustees week 2025 is upon us, we are today reflecting on information which will assist and support Trustees.   We are often contacted for general support and guidance, and following changes to the Charity Commission Annual Return questions, we are seeing many enquiries around the new questions appearing as Trustees file their accounts.  …

It’s Trustees Week 2025, the time of year when we celebrate the amazing contribution made by Trustees for their charities and recognise the difference they make. You can find out about this week’s range of events and access free guidance and resources at: www.trusteesweek.org   The resources include many free virtual and in-person events and…

Clearly thinking that they would join in with the scary Halloween activities, Companies House announced on 30th October that they would be increasing filing fees for various company forms including new incorporations and the annual Confirmation Statement. Following some increases in 2024 and, in what they’re now calling an annual review of their fees, Companies…

As the festive season is well and truly upon us, please find below our 2025 Christmas & New Year office Hours:   Bury St. Edmunds Closed from: 5:30pm Tuesday 23rd December 2025 Re-opens at: 9:00am Monday 5th January 2026   Mildenhall Closed from: 5:30pm Tuesday 23rd December 2025 Re-opens at: 9:00am Friday 2nd January 2026…

Charities were in for a treat this Halloween with the new, highly anticipated Charities SORP 2026 being published on Friday 31st October 2025.   The new SORP comes into play for periods commencing 1 January 2026 onwards, therefore affecting most Dec-26 and Mar-27 year ends.   Key changes include a new three-tier reporting system based…

Ahead of the upcoming 2025 Autumn Budget, which will take place on Wednesday 26th November 2025, we have been considering what taxes might change.   Frozen Tax Allowances The current freeze on income tax allowances, as well as Inheritance Tax nil rate bands, are currently scheduled to end in April 2028.   Over time wage…

Whitings LLP Were Proud Headline Sponsors of the 2025 Huntingdonshire Business Awards. It was a night of celebration at The Huntingdonshire Business Awards 2025, where many local businesses came together to celebrate not only the winners, but all of the finalists, with Mike Blackledge, Amanda Newman and Paul Jefferson representing the Ramsey, St Ives and…

In many situations a tax planning review may identify opportunities to minimise the tax you are liable to pay on a transaction or situation.   These ’opportunities’ will relate to:   1. Do not make the transaction/action If being reviewed in advance, don’t do something that triggers a tax charge (eg extracting money from a…