Latest Business Support

It is confirmed that Making Tax Digital for Income Tax will affect Income Taxpayers with income of over £50,000 from 6 April 2026. This is applicable to those with self-employed income and rental property.   MTD for IT compliant software will be necessary in order to keep your financial records digitally, prepare and submit quarterly…

Thinking of employing young workers over the summer? Here’s what you need to know…   In the UK, a young person is defined as anyone under the age of 18. This would include employees on an apprenticeship, or someone you employ for work experience.   Legally, children under the age of 13 are prohibited from…

With upcoming changes to company size thresholds taking effect from 1 October 2024, many companies may now qualify as “small” and potentially become eligible for audit exemption.   However, if a subsidiary is part of a medium or large group, it will usually require an audit, even if the subsidiary itself qualifies as small.  …

One of the government’s recent consultations has been in relation to the options for improving the quality of data received from third parties to ensure that HMRC gets “the right data, of the right quality, at the right time” as mentioned in the Foreword of the Consultation, ‘Better use of new and improved third-party data to make…

You may have seen recent emails from Companies House about new identity verification requirements for company directors and people with significant control (PSCs). If the content of the email has worried you — don’t panic. The ID verification is part of new legal changes coming in autumn 2025.   These emails are part of a…

Company Size Thresholds Have Changed – What Does This Mean for UK Businesses? In December 2024 the UK Government announced the most significant change to UK company size in over a decade. On 6 April 2025, the company sized thresholds for micro, small and medium-sized business changed for the first time since 2013. This was…

HMRC Locks Down 100,000 Personal Tax Accounts After Organised Crime Breach HMRC has locked down up to 100,000 online personal tax accounts after discovering unauthorised access linked to a sophisticated scam by organised crime groups. The breach, which resulted in £47 million being fraudulently claimed from HMRC—not from individual taxpayers—was first identified nearly a year…

Over recent years HMRC have sharpened their appetite to collect more tax through the 25 year old IR35 legislation. These rules seek to tax individuals who provide their personal services through their own limited company as if they were directly engaged as an employee of the end client.   If IR35 applies, this stops tax…

Handling an estate when a loved one dies involves complex legal, tax, and administrative processes that can add a further layer of stress during an already difficult time. At Whitings LLP we provide clear, expert guidance to ease the burden and help you navigate the Probate process, with support at every stage.   Where the…

Many people choose to donate to charity for a range of reasons, often influenced by personal experiences or the impact of someone they know. While tax benefits are rarely the primary motivation, there are several reliefs and considerations to keep in mind.   My recent article, for the Suffolk Community Foundation, highlights some of the…