Latest Business Support

On 30th July the Low Pay Commission (LPC) set out it’s policy on future minimum wage rates.   It is expected that the new Labour Government will maintain the same policy as the last Conservative administration and maintain annual National Living Wage (NLW) increases in line with average earnings.   It is projected that the…

On 18 September we invited all of our members of staff who will be studying this year to join us at our Ely Office for our Annual Student Training Morning.   What Did The Training Morning Consist Of? The morning started with an introduction from Chris Ridgeon, Chairman of the firm, who talked about his…

Neonatal Care Pay and Leave is due to come into force in April 2025, so we have shared a quick summary of this below for you. However, if you would like more information or advice on the matter, our Whitings Payroll Bureau team will be more than happy to help you.   Who Is Neonatal…

We’re sharing a reminder that payrolling of Benefits In Kind (BIKs) is to become mandatory. This may seem a long way off but will be with us sooner than a lot of companies realise. HMRC confirmed in March 2024 that it will mandate the reporting and paying of income tax and Class 1A National Insurance…

For some companies, not all, another week 53 or even week 54 will be in operation again this year.   HMRC instructs payroll software writers to operate a week one basis for week 53 so as not to penalise employees with a higher tax liability in their final payment for the tax year. However, as…

Have you ever wondered why you would outsource your book keeping?   Are you fed up of doing your own VAT returns, or struggle with your accounting software? Do you find that you are not getting up to date information, as you wait until the year end for the accountant to produce the figures for…

It’s that time of year, the new Fuel Rates are in place from September 2024.   Below we share what these are for Petrol, LPG, Diesel, Hybrid and Electric cars:   Hybrid cars are assessed under the same rules as normally aspirated cars. From June 24, HMRC will be reviewing the rates for electric vehicles…

Do you know what VAT on purchases cannot be reclaimed? Most input tax incurred by VAT registered businesses can be recovered, however, there is some input tax that may not be.   A list of those areas where input VAT could be blocked is below: Where no or incorrect supporting evidence held Input tax relating…

What is a typical day in the life like when working in Payroll?   Really, there is no typical day working in payroll…   Payroll is fast paced. It can change by the hour depending on employer (ER) or employee (EE) changes, or even legislation.   How Does The Payroll Process Start? A payroll process…

Protecting your organisation from cyber threats is more critical than ever in today’s digital age.   One of the most effective ways to protect your organisation from cyber threats is through comprehensive end-user training. Decisive IT  is Whitings LLP’s IT consulting and support subsidiary and we offer an end-user cybersecurity training service. This provides a…