Our Whitings 2024 Annual Farming Seminar is just around the corner. Farming always has to cope with changing environment, weather, commodity prices, political changes, etc. This year these challenges feel heightened and this is why we are pleased to welcome back speakers from the Andersons Centre to inform us of these changes and what…
There continues to be an ongoing debate when buying a residential property to let out about whether to buy this personally or set up a limited company to own it. Unlike our sole trader v limited company comparisons for a trading business there is not a clear division based on profits. There are a lot…
If you’ve heard about the changes post 5 April 2024 and are wondering whether you need to re-register for Child Benefits, this is the blog post for you. If you have been affected by the increase in the High Income Child Benefit Charge cap to £60,000, then you may need to restart your Child…
Are you thinking about planning ahead for retirement and want to find out more about Pension Contributions for directors? When it comes to planning for your retirement, Company pension contributions can offer significant benefits in terms of reducing your company’s Corporation Tax bill. Here’s how you can use both personal and company contributions to…
The new Child Benefit changes came into effect on 6 April 2024, with families receiving up to £1,331 per year (for the first or only child), and up to £881 per additional child, increasing by £83.20 and £54.60 respectively on the year before. This is paid directly into your bank account every 4 weeks. There…
UK company size thresholds are set to increase, but what does this change for you? In his recent economic speech on 18th March 2024, Rishi Sunak unveiled significant changes aimed at simplifying reporting requirements for businesses. Among these measures, he announced an increase in the thresholds used to determine company size. Understanding Company…
A further cut in employee National Insurance (NI). Following rapidly on the heels of the 2% cut in employee National Insurance Contributions, the chancellor announced a second 2% cut to come into effect at the start of the new tax year. This means that a monthly paid employee earning £30,000 per year will see…
Yet again we have a tinkering of the rules regarding holiday pay in the seemingly forlorn hope for simplification. Basic holiday entitlement hasn’t changed. Employees are still entitled to 5.6 weeks holiday per annum and the changes apply to those workers who have no set hours or work irregular hours. One little known aspect…
The National Minimum Wage increase from April 2024 will be welcomed by many employees. The rise will take place from 1 April for the next pay reference period post increase. Perhaps the biggest change of all is the abolition of the 21–22-year-old band. Employees reaching the age of 21 will now enjoy a pay…
One of the areas we find that generates more enquiries than any other is the murky world of Maternity Pay and all associated areas such as paternity, adoption and shared parental leave. Paternity Leave is the easiest area to get to grips with: Statutory Paternity Pay (SPP) lasts for 2 weeks. The employee can take…