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Reported your employee’s expenses and benefits? 

P11D & P11D(b)  For employers who provide expenses and benefits to their employees, there is now under a month to go to ensure your P11D and P11D(b) submissions have been made with HMRC (6th July 2023).   Payments of Class 1 A National Insurance must be made by 19th July 2023 (22nd July 2023 if…

School Visit

Who spotted Rebecca and Luke on the Whitings LLP stand at St Peters School Careers Fair today? 🤔 If you’re keen to train as a qualified accountant and become part of the Whitings Team, contact your local office to register your interest. We’d love to hear from you 👍 Click the link below to find…

31 July: Self-assessment payment reminder

The deadline for paying your second payment on account towards the 2022/23 tax year is 31 July 2023.   Paying your tax bill You can make weekly or monthly payments towards your bill, if you prefer. Pay your Self Assessment tax bill: Pay weekly or monthly – GOV.UK (www.gov.uk)   You can get help if you cannot…

Mind the (NIC) gap!

The deadline for filling gaps on your State Pension record via voluntary Class 3 National Insurance, back to 2006/07, was originally 5 April 2023. This was extended in March to 31 July 2023, and has today been extended AGAIN to 5 April 2025. So we now have over another 21 months to consider necessary actions.…

Mental health awareness presentation

Our teams, attending our annual away-day annual seminar, are now having a fantastic talk from the wonderful Jon Neal from Suffolk Mind on our Mental health and recognising and managing stress.. With lots of top tips to come.

IR35 “Show” Cases: Where are we now?

Although it has been with us since 1999, IR35 tax rules will probably be unfamiliar to most readers. These anti avoidance rules were introduced to stop workers reducing their taxes by structuring their affairs to get paid via their own personal service company. Where ‘caught’ by IR35, such arrangements would then collect the same amount…

Submitting your Tax Return early: The benefits

Now that the 5th April 2023 has passed many self-assessment taxpayers will be turning their attention to preparing and submitting their self-assessment personal tax returns for the 2022/23 tax year, which covers the tax year ended 5th April 2023. Although the filing deadline is 31 January 2024 (31 October 2023 for paper returns) it is…

Supporting mental health day

💚 We’re supporting the Mental Health Foundation and #MentalHealthAwarenessWeek by participating in ‘#WearItGreen Day’ today. Here are just a few of our teams in green…💚 Thank you to our teams for your donations today and for helping us to raise #Awareness of #MentalHealth.

Class 2 Voluntary NIC 22/23 Explained

From 6th April 2022 (relevant to 2022/23 tax year) Class 2 voluntary NIC does not have to be paid if taxable profits exceed the Class 2 NIC Small Profits Threshold of £6,725, but do not exceed the Class 4 NIC Lower profits Limit of £11,908.   If your total taxable profit sits in between these…

Good Luck to King Charles

The Whitings Team have been celebrating the #Coronation this week with scones, jam, cream and strawberries. The question is how will you be celebrating the Coronation today? 👑 #WhitingsLLP #Celebrations #Team