Latest Business Support

Recognising the People and Businesses Behind Fenland’s Success On Friday 13th March, I attended the 2026 Fenland Citizen Business Awards. Along with my colleagues, we represented the Whitings Group as Headline Sponsors of the event.   We are proud to support an event that celebrates Fenland’s business community. Hearing the stories behind the finalists and…

On 16th March 2026, Bethan Hassey and I (Jasmine Ager) from the Bury St Edmunds office visited Abbeygate Sixth Form College to deliver an informative presentation to four Year 12 Maths classes to introduce them to the world of accountancy.   Our presentation provided the students with a valuable insight into Whitings LLP and highlighted…

Tax payers who are mandated into MTD for IT are those who submitted a Self Assessment Tax Return for the year 2024/25 with total qualifying income from sole trade or property in excess of £50,000.   There are cases where these income levels may have dropped below the £50,000 threshold or ceased completely. Here are…

Small Employer Relief (SER), the rate at which small employers can reclaim any statutory payments, such as maternity pay, will rise from 8.5% to 9% from 6th April 2026. Qualified employers can reclaim 100% of statutory payments, plus a further 9% in compensation. The re-claim is made through the payroll via an Employer Payment Summary…

Although there are numerous tax changes coming in from 6 April 2026, Chancellor Rachel Reeves chose not to add to them when she made her Spring Statement to Parliament yesterday:   Read the full report and our commentary here   Get In Touch For information or advice, contact your local Whitings LLP office today.  

Private company share valuations are required in a number of circumstances and unless there is a third party sale of the entire company the value needs to be determined for the purposes of paying tax on the disposal or transfer of shares and establishing the liability.   As there is no ready market quoting the…

From November 2025 HMRC have been sending taxpayers further letter to help raise awareness of the introduction of MTD from April 2026. Making Tax Digital for Income Tax (MTD for IT) registration is mandatory for self-employed individuals and landlords with a combined annual gross qualifying income over £50,000 from 6 April 2026.   HMRC will…

Introduced in April 2021 to help ease veterans into the civilian workplace by giving employers a relief on NI contributions for the first twelve months employment. A new NI code of V was introduced whereby no employer NI was raised on earnings beneath £50,270.00 (£4,189.17 per month)   The relief applies to any employer hiring…

From April 2026 a new student loan, Plan 5 will be implemented. The plan applies to both undergraduate and postgraduate courses beginning on or after August 1st, 2023.   The loan will sit alongside the existing plans 1,2 and 4 paid at a rate of 9% on earnings over £25,000. The plan can run for…

Aaron Malkin, Trainee ACA/ICAEW Accounts Technician at our March office has shared how he finds studying for an apprenticeship at Whitings LLP.   Why did you choose an apprenticeship in Accountancy? ‘An apprenticeship had always appealed to me since I was in school. Accountancy stood out due to my liking of working with numbers and…