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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…

After initial teething problems, HMRC under-estimated the number of employers who wished to take advantage of the scheme, paying your liabilities to the revenue via an automated payment is fully operational.   Employers will need their own Business Tax Account (BTA). On the BTA there will be a link to “Set up a Direct Debit”.…

Directors of companies are perfectly entitled to claim Statutory Maternity Pay (SMP). However, the director must have a contract of employment before they qualify for SMP. If they qualify for SMP, then the payment is calculated as it would be with any other employee. If the Director does not have a contract of employment, then…

Late in September it is expected that Extension of Auto-Enrolment No 2 bill will be passed by the House of Commons. The aim of the bill is to increase personal pension savings by a some £45 billion over the next 30 years.   The two key reforms under consideration are the removal of the lower…