Latest Blogs

Happy New Year from the Whitings LLP Team! As we welcome in the New Year, we would like to thank you for your loyalty and support in 2024 and we are excited to continue working with you in 2025.   Wishing you a prosperous and joyful New Year! Can’t Wait To See Us? Click here…

Following my post back in October 2024 which reported on the government’s commitment to follow through on plans to increase company size thresholds, we now have the legislation confirming the audit threshold changes and when they will be implemented.   What are the changes? For financial years beginning on or after 6 April 2025, thresholds…

Whilst one of the main talking points from the recent Autumn Budget was the increased National Insurance burden for employers, has one change gone under the radar?   Key Changes in the Budget Employers’ National Insurance Increase: The rate has risen from 13.8% to 15%, and the threshold at which National Insurance contributions apply has…

As the festive season is well and truly upon us, please find below our 2024 Christmas & New Year Office Hours:   Bury St. Edmunds Closed from: 5.30pm 20th December 2024. Re-opens at: 9.00am 2nd January 2025.   Mildenhall Closed from: 5.30pm 24th December 2024. Re-opens at: 9.00am 2nd January 2025.   Ely Closed from:…

Merry Christmas to all of our wonderful clients, contacts and colleagues! From your Whitings LLP Team The Whitings LLP Team are currently on their festive break after another incredibly busy year, but you can find your local office’s re-opening times by clicking here: 2024 Christmas & New Year Office Hours – Whitings LLP : Whitings…

Do you know how Inheritance Tax on classic cars works?   To many a car enthusiast, a classic car is priceless and for tax purposes there are some useful exemptions for Capital Gains Tax (CGT) purposes where the car involved is considered to be a wasting asset.   H M Revenue & Customs have confirmed…

Don’t forget the 30th December Self Assessment Deadline!   If you want HMRC to automatically collect tax you owe from your wages and pension, you need to submit your tax return online by 30th December. If so, you are able to pay your Self Assessment bill through your PAYE tax code as long as all…

We share a behind the scenes glimpse into what we discussed at our recent Lunch & Learn with our tax experts!   Training is not only attending events or watching webinars. We make our training practical and share our experiences around the firm through our Lunch and Learn sessions.   Our most recent session starred…

With interest rates still relatively high, but now falling, those individuals and companies with surplus cash should consider a new tool for obtaining the best interest rate, whilst also minimising the admin involved in continually searching for and opening new deposit accounts.  Active Saver Platforms are a new price comparison style website, that allows savers…

Do you know whether Charities should report their cash flows? In this post we cover which charities are required to include a cash flow statement and the benefits of reporting cash flows.   Charities, like many other organisations, need to ensure transparency and accountability in their financial reporting. Per the Charities Statement Of Recommended Practice…