It is great to see W&P continuing to actively communicate the requirements and challenges of MTD to clients and prospective clients, and this proactive stance should continue throughout the transition to MTD and beyond. The greatest challenge for us in this communication process is the ‘clarity of the message’ we deliver. What does this…
All employers and employees currently paying the minimum contribution of 1% will have to factor contribution increases into their cashflow in order to meet the rise in the level of auto enrolment funding. From 6 April 2018 to 5 April 2019, the employer minimum contribution will increase to 2% with staff contribution equalling 3%.…
The “Beast from the East” didn’t stop Accountants, the Self-Employed, Developers and Small businesses as they attended QuickBooks Connect London on 27th and 28th February. Attendees from all over the world had gathered to develop the knowledge in QuickBooks online, meet QuickBooks Add-on Exhibitors, hear from featured speakers who were specialists in their industry…
Businesses that use Sage accounting software to complete and e-submit their VAT returns should be aware of a change to the Government Gateway on 14 February 2018. If you run an older version of this software (version 23 or below), it will no longer be compatible and hence VAT returns will not automatically e-submit…
Some employers like to give their employees a small gift at this time of year. A tax exemption applies giving employers reassurance that the benefits provided are exempt and won’t result in a reportable employee benefit. To ensure the benefit is exempt, the following conditions must be met:- The cost of the benefit does not…
View our latest information bulletin regarding Auto Enrolment including details on Contribution Phasing, What to pay and information on complying with the Pensions Regulator. Download Latest Auto Enrolment Leaflet For further information and guidance you can contact your usual Whiting and Partners representative or speak to our payroll department on 01353 662595 or by email…
The MTD machine is moving along and the starting date of April 2019 draws ever closer and closer. We have been working with our clients to ensure that those VAT registered (in particular) with a turnover over the VAT threshold are implementing any changes required sooner rather than later so that any teething problems can…
HMRC have advised that from 13 January 2018, they will no longer be accepting payments from personal credit cards. HMRC have accepted credit card payments from individuals, but from 13 January 2018, this method of payment will no longer be available. A change in EU law, prohibits merchants (including HMRC) from recharging credit card…
At the moment, tax relief remains available on pension contributions at an individual’s top rate of tax, making pensions a very tax efficient form of investment. Especially when the new provisions for flexible access of pension funds is taken into account. But we have yet another Budget approaching, on 22nd November, and it…