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The Chancellor, Jeremy Hunt, has announced that the Spring Budget will take place on Wednesday 6 March 2024. This will be the Chancellor’s second budget and will include the government’s tax and spending plans as well as new growth and borrowing forecasts.   The Spring Budget could be followed by a general election in as…

Entries are open for the 2024 SME Ely Business Awards. We all know the importance of celebrating what we have achieved in business, and the SME Ely Business Awards are just the way to do it.   If you run a SME business based within the Ely area and you have a success story to…

With the 6th March Budget just around the corner, many SME business owners are beginning to wonder what’s in Mr Hunt’s red ministerial box, which got us thinking, ‘what might the SME wish-list look like in the ideal world?’   There are 2 reasons to be a little more optimistic than usual this time around:…

‘How to pay your Self Assessment Tax’ will be a question that many people are asking with the payment deadline of 31st January 2024 just around the corner.   It is important to ensure your payment is made by the 31st January to avoid any late payment interest which HMRC charge daily.     For…

The Whitings LLP Team would like to wish you all a Happy New Year!   Thank you for your continued custom in 2023 and we look forward to working with you in 2024.     Please click here for a list of our re-opening times

We would like to wish our wonderful clients a very Merry Christmas from the Whitings LLP Team.   We are currently on our festive break, but you can click here to find your local Whitings office’s re-opening times.    

We’re all feeling festive here at Whitings LLP, so what better time to share our Christmas & New Year opening times than now?   Bury St. Edmunds Closed from 5.30pm on Friday 22nd December 2023 Re-opens at 9am on Tuesday 2nd January 2024.   Mildenhall Closed from 5.30pm on Friday 22nd December 2023 Re-opens at…

Property ownership The way in which jointly held property is owned has tax implications. It will also determine what happens when one of the co-owners passes away.   Joint tenants Where a property is owned as joint tenants, the owners together own all the property equally; together they own the whole rather than each owning…

From January 2024 digital platforms like eBay, Vinted, Etsy and Airbnb will have to collect seller data and send onto HMRC.   Do you sell items on these digital platforms? If you are one of the many who sell on digital platforms such as eBay, Vinted, Airbnb and Etsy then be warned that from 1…

‘Sole Trader V Limited Company – Which is better for me?’   Minimising the tax paid on profits is a key aim of most SME businesses. The tax benefits of trading through a limited company, as compared to operating as a sole trader or partnership, were attractive as profits grow.   However with the increase…