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It has been a long established principal that SME companies can avoid publishing all of their financials at Companies House, by filing abbreviated, filleted or abridged accounts instead of full accounts. This enables them to keep details about business turnover, gross margin, profitability and dividends confidential.   However, the Government have just announced plans to…

The deadline for filing a paper Self-Assessment Tax Return (SATR) was midnight on 31st October.   If you were planning on filing your SATR in paper form but missed the deadline, don’t worry as you can still file online.   You’re not alone in filing your return digitally. Here at Whitings almost 100% of our…

Businesses and their staff will be looking forward to their annual Christmas party in the upcoming festive months. Providing all of the following criteria are met, the annual event becomes free of PAYE tax and National Insurance contributions for the employee, and is treated as a non-taxable benefit in kind:   The party or similar…

Once clients have built up a successful business, their focus will naturally evolve from business development to protecting the valuable they have buily up from the risks associated with running a business.

The Charity Commission has a new process for submitting annual returns and filing amendments.   To access online services, each charity is required to register a ‘My Charity Commission Account’. Please note that your previous charity login details will no longer be valid.   Registration can be initiated by a telephone request 0300 066 9197…

HMRC has amended guidance on the tax treatment of electric charging of company cars and vans at residential properties.   Many business owners will have purchased an electric car or van, owned within a company, over the last few years, attracted by the generous business and personal tax treatments. Where this Electric Vehicle (EV) has…

The Farming Industry has some marked differences is sick pay legislation, PAYE regulations don’t pay sick pay over the statutory daily rate currently standing at £21.88 per day and commencing from the 4th consecutive day of absence. Statutory Sick Pay (SSP) is payable for the first 28 weeks of sickness, after which the employee can…

The annual benchmarking data for The Corporate Finance Network, of which we are a member firm, has been published. Key findings are: For the second year running, like-for-like corporate finance fees have increased by 36% per firm on average, after a 19.9% increase last year across 200 deals led by 21 firms across The Corporate…

There have recently been a number of emails sent to Companies House users from an email address posing as Companies House. The email contains the Companies House logo and threatens that Companies House services will no longer be available from 23rd September unless ‘identification’ is received.   Companies House have warned people ‘Do not reply…

There is now just one month before the self-assessment (SA) deadline for filing your Self Assessment Tax Return in paper form.   If you’re doing a paper tax return, you must submit it by midnight 31 October 2023.   Here at Whitings almost 100% of our client’s Self Assessment Tax Returns are filed online with HM…