Latest Business Support

Our March office held its start-up seminar last week. The seminar covered key areas for start-up businesses, including business plans, business structure, accounting software and employee considerations. A big thank you goes to Emilia Cybulska from NatWest for her presentation entitled “Give Your Start-up a Boost”, which not only covered financing options, but also gave…

Businesses are born in many ways but there are some common considerations for all start-ups. Legal form Consideration needs to be given as to the how you wish to set up and structure your business. If you are going it alone perhaps a sole trader could be the best route or, if there is more…

HMRC has issued a Partnership Pack to help businesses carry out contingency planning and to help their customers, members and clients to: think about how they will need to adapt their business to comply with new systems, processes and controls assess the impact of the increased demand for customs declarations on their business consider whether…

Are you thinking about setting up a business?  If so, one of the first decisions you will need to make is that of business structure. The main business structures are: sole trader, partnership, limited liability company, and limited liability partnership (LLP). Sole trader – This is the easiest set up, with very little in the way of red…

A business plan is a written document that describes your business. By committing your thoughts to paper, you can understand your business better and also map specific courses of action that need to be taken to improve your business. It covers objectives, strategies, sales, marketing and financial forecasts. A business plan can help you to:…

Whiting & Partners hosted their first Business Fayre on Thursday 20 September at Knights Hill Hotel in Kings Lynn. The event welcomed exhibitors from across a number of industries including insurance, software support, IT, Land Management, HR, Business Growth, marketing and promotions. Each business had the opportunity to chat to delegates and advise them on…

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2018 reflecting the upward trend in forecourt fuel prices for higher emission cars.  These rates apply from 1 September 2018 and have increased slightly on the previous quarter rates, for petrol cars with engine of 1400cc or more…

Sage 50 VAT T Codes. Sage 50 Accounts book keeping software populates its VAT return by using tax (T) codes to indicate which VAT rate to apply to each transaction. Whenever you post a transaction in Sage 50 Accounts you must enter the relevant T code:   T0 – Zero rated transactions (eg most food, books, new builds,…

We are fortunate to have many worthy charities in and around our area all making a huge contribution to our community. When it comes to the fraudsters charities do not have any exemption, in fact quite the opposite, they are often seen as a soft touch.  The Charity Commission has just published ‘Tackling Charity Fraud’…

Fraud is a gigantic area which I would never be able to discuss fully in one blog however, after a recent run-in with a fake HMRC line; I did want to make you aware of a few key things to look out for or to be aware of when dealing with possible fraud. It’s important…