What Businesses Need to Know Payroll compliance remains one of the most important responsibilities for UK employers. With HMRC continuing to focus on Real Time Information (RTI) reporting, changes to Statutory Sick Pay (SSP), National Minimum Wage increases, and ongoing scrutiny of benefits and expenses, the 2026/27 tax year presents several areas that employers cannot…
For many business owners, the appropriate business structure for operating their business is often between operating as a sole trader or incorporating a limited company. However, there is a third business structure option that is frequently overlooked: The ‘unincorporated partnership’ An unincorporated partnership business structure can offer many of the practical advantages of both…
Doing Well by Doing Good Making gifts to charity during your lifetime is a meaningful way to support causes you care about, whilst also benefiting from valuable tax reliefs. The UK’s charitable giving regime is designed to encourage donations by reducing the after-tax cost of giving. Whether making a cash donation under Gift Aid or…
On Wednesday 23 September, 19 trainees from across the firm came together in the wonderful new boardroom at our Ely office for an informative and engaging morning designed to introduce Whitings’ AAT, ACA, ACCA and ATT training programmes. What Did Our Annual Student Training Morning Include? The session began with a warm welcome and…
Updated: 23rd September 2026 There is now less than a calendar month before the Self Assessment (SA) deadline for registering with HMRC (5 October 2026). Do not delay – register today!! If you are unsure whether you need to file a SA tax return, did you, between 6 April 2025 and 5 April 2026:…
Most business owners get to a stage where the day to day running of the show loses its lustre. If there is some value in the business and passing the role to the next generation isn’t an option, then you need another exit route. Converting your business into a family investment company (FIC), either after…
Navigating the Rules for Co-Owners Making Tax Digital for Income Tax (MTD for IT) already in place for landlords, where gross rents (and self employment income) are above £50,000 per annum. Joint property owners should take particular care to understand how the rules apply to them. While owning a rental property with a spouse,…
A Guide for Families: Non-contentious Probate, Estate Administration and Tax Planning Losing a loved one is never easy, and dealing with their financial affairs can feel overwhelming at an already difficult time. Understanding the probate process, estate administration requirements and the opportunities for tax planning can help ensure that matters are dealt with efficiently and…
Property related topics surrounding Making Tax Digital for Income Tax (MTD for IT) seem to be a trending conversation currently. However, recent developments and upcoming changes to Inheritance Tax (IHT) mean that advisory and planning in this area has increased significantly recently. Residence Nil Rate Band (RNRB) The RNRB is an IHT allowance valued…
Key Changes Every Landlord Should Know With rising costs, changing tax rules and continued pressure on rental profits, 2026 is a timely opportunity for landlords to review their tax position. Acting before the end of the tax year can help improve cash flow, maximise available reliefs and reduce the risk of unexpected tax liabilities. While…