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Cambridgeshire County Council has just relaunched its Business & IP Centre (BIPC) ‘Jumpstart’ grant scheme, to help startup businesses in Cambridgeshire. Main eligibility criteria: Your business must have been registered, in Cambridgeshire or Peterborough, on or after 1 November 2021, or be registered within two months of receiving the grant. You must be 18 or over.…

Ensuring that our newly hired Trainees feel welcome and part of the team from day one is incredibly important to us here at Whitings LLP.   On the 7th September 2022 we had the opportunity to welcome our 13 new starters at our first ever induction morning at our office based in Ely. It wasn’t…

A week has passed since James’s debut win at the annual #WhitingsLLP golf day and after a long week of welcomed celebrations, plaudits, signing autographs and dealing with the media, it is time to put his feet firmly back on the ground. Unfortunately, taking 1st place comes at a cost, with the responsibility of organising…

VAT registered businesses with turnover exceeding £85k have been required to keep digital records and file VAT returns through making tax digital (MTD) compatible software for more than three years. All remaining VAT registered business have been moving across to this system since 1 April 2022.   HMRC have now announced the old VAT portal…

For around the last 20 years or so, the tax treatment of company cars has continually become less attractive. The value of the benefits in kind, taxable on the employee, has increased quicker than inflation, and the capital allowance tax deduction, for the business, has become more and more diluted. As part of its plans…

  Tax planning is not often at the top of the to-do list when a couple are separating, however, the timing of asset transfers can make a huge difference for tax purposes.   The rules as things stand   Married couples and civil partners can transfer chargeable assets between them without incurring capital gains tax…

Our local community is incredibly important to us at Whitings and with food banks experiencing an increase in demand, we wanted to help. The #WhitingsTeam across #EastAnglia did a fantastic job of working together to collect and donate the items that our local food banks needed most, along with a voucher for each food bank to use. . .…

Together with Ramsey office, we’ve been enjoying the company of our four legged friends this week. As part of #MentalHealthAwarenessWeek there’s been lunchtime walks, after work dog walks, all the time enjoying spending time with our colleagues.

Where an individual shareholder wishes to exit (through retirement or due to different views on how the business should be run) a multi-shareholder unquoted company, for cash consideration, a purchase of own shares (PoS) is often a good solution. By the company funding this share buy-back, this cost is not  from ‘after personal tax’ monies…

In 2014 HMRC set up the Employment allowance which was a way of giving back to employers who took on more staff, the way the allowance works is that your employers national insurance liabilities are reduced by the allowance up to £2,000 or by the tax year end which ever was reached first.   Since…