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What Is a Farmhouse? There is no legal definition of a farmhouse. Generally, the farmhouse should be the property in which the farmer lives and the center on which the farm is managed.   Looking at the whole farm helps determine whether the agricultural land is the dominant feature and therefore if the house is…

Ahead of the upcoming 2025 Autumn Budget, which will take place on Wednesday 26th November 2025, we have been considering what taxes might change.   Frozen Tax Allowances The current freeze on income tax allowances, as well as Inheritance Tax nil rate bands, are currently scheduled to end in April 2028.   Over time wage…

If you have filed your 2024/25 tax return ahead of 31 August 2025, HMRC are now starting to send out the first batch of letters to those who need to comply with MTD from April 2026 based on what was entered on there tax return. If you have received a letter and are still unsure…

Planning Ahead in a Changing World As we write this edition of our Farming Newsletter we are still knee deep in Inheritance Tax (IHT) planning with our clients. There are many points to consider, and we dive straight into some IHT planning thoughts from one of our Corporate Tax Directors, Jeannette Hume. This is followed…

It’s National STEM Day today and what better time to share our Ely Team’s recent exhibition at the annual East Cambridgeshire Careers & Skills Fair 2025, held in the magnificent Ely Cathedral.   Budding future accountants from all of the local schools had a chance to learn about business and to see if accountancy is…

The Governments Making Tax Digital for Income Tax (MTD for IT) will finally begin from 6 April 2026, just 150 days away, when it becomes mandatory for landlords and the self-employed whose gross income is over £50,000 in the past tax year 2024/25, with the introduction of quarterly returns.   How Should You Be Getting…

At Whitings LLP we have many Trustee contacts that play such a vital role in the charities we act for and support.   Trustees play an essential role in the governance of charities, and have a strong personal commitment to the charity’s aims and objectives.   As part of Trustees’ Week, we want to take…

As charities face increasing demand and complexity, building strong, diverse, and resilient boards is essential, which makes the theme of this year’s Trustees’ week “Recruitment and retention” very fitting. As a starting point, always ensure to read the Governing document of your charity, to ensure the number of trustees doesn’t breach the rules, to check…

As Trustees week 2025 is upon us, we are today reflecting on information which will assist and support Trustees.   We are often contacted for general support and guidance, and following changes to the Charity Commission Annual Return questions, we are seeing many enquiries around the new questions appearing as Trustees file their accounts.  …

It’s Trustees Week 2025, the time of year when we celebrate the amazing contribution made by Trustees for their charities and recognise the difference they make. You can find out about this week’s range of events and access free guidance and resources at: www.trusteesweek.org   The resources include many free virtual and in-person events and…