Latest Blogs

There’s just under one month to go until the HMRC Self-Assessment registration deadline (5 October 2024) for the 23/24 tax year.   You’ll need to apply if you need to complete a tax return and have not sent one before, or did not send one last year.   If you are not sure if you…

We share our pre-Budget tax planning ideas, as the first Labour Budget is now only 5 weeks away (30th October). There is currently a lot of speculation of adverse tax changes that the business community and private tax clients should expect. Unfortunately, we have no inside knowledge of what Rachel Reeves will say. However, as…

Have you ever wondered what the benefits of outsourcing payroll are? If you have a PAYE scheme for payroll or Construction Industry Scheme (CIS) then we could help!   Outsourcing payroll can help you keep your PAYE running smoothly while keeping costs down. How? I hear you ask, well let me explain… Benefits of Whitings…

Has the Inheritance Tax Trap caught you out?   Inheritance Tax (IHT) receipts continue to rise. There may be some who have unnecessarily overpaid due to life insurance not being in a Trust. According to NFU Mutual, 6,810 estates that paid IHT in 2021/22 included life insurance policies which could be exempt from the charge…

Have you heard about these upcoming payroll changes? Tips & Gratuity Tips and Gratuity are changing on 1 October 2024. This applies to all businesses allocating and paying tips, gratuities and services charges. The changes are to make sure that the tips are allocated in a fair way and includes employer received through card payments…

What is a typical day in the life like when working in Payroll?   Really, there is no typical day working in payroll…   Payroll is fast paced. It can change by the hour depending on employer (ER) or employee (EE) changes, or even legislation.   How Does The Payroll Process Start? A payroll process…

What are the sick pay rules?   Legal Obligations First and foremost, an employer is under no legal obligation to pay an employee when they are off sick. In general, it has been found that employers offer between one and five days per annum as paid sick leave, but ultimately it is down to the…

Charity regulator The Charities Commission has published research showing that public trust in charities across England and Wales has reached a ten-year high.   According to the research, the two most important things the public are interested in when it comes to charities are: Where the charity spends spend their money; and That the charity…

Protecting your organisation from cyber threats is more critical than ever in today’s digital age.   One of the most effective ways to protect your organisation from cyber threats is through comprehensive end-user training. Decisive IT  is Whitings LLP’s IT consulting and support subsidiary and we offer an end-user cybersecurity training service. This provides a…

Approximately 25% of vocational learning and training in the UK is currently funded through the Apprentice Levy, so what exactly is the Apprentice Levy and what is the new government proposing to replace it with?   The Apprentice Levy Currently the levy is raised against those companies, or groups of companies, who have an annual…