Latest Business Support

Santander: Now offering specialist growth finance for TechCo’s Santander have signalled their appetite to lend to the Technology sector by establishing a dedicated £200m growth capital fund, marketed under their ‘Breakthrough’ banner. This is specifically designated to bridge the funding gap faced by fast growing SME’s. Funds borrowed from this source must be used to finance…

We can assist in this process by assisting in assessing risk and then advising on introducing appropriate mitigation: Robust Financial Management Undertaking a voluntary or statutory audit as, both, a preventative and detective measure. Introducing appropriate financial controls, timely financial reporting procedures and other examples of best practice governance. Registering for the Companies House PROOF…

Cloud Accounting: Xero wins beauty parade Whiting’s Start-up Group has undertaken a comprehensive review of 15 leading cloud accounting packages available for UK SME’s.  This review compared these web hosted software products under the following key criteria: Training Add-ons Paying bills direct Up-time Direct bank statement feed Back-up Cost Although Sage has the market brand awareness…

Xero’s Automatic Bank Reconciliation is a Real Benefit. We have just transferred to Xero a client in the construction sector. The system has proved particularly useful because most of his receipts and payments are made electronically and Xero enable these to be automatically downloaded from the bank. This is a real time saver. As his…

Whitings Preferred Cloud Accounting Package Xero Wins Award. Cloud accounting software company Xero are to be congratulated on their success in having their product named Client Software Product of the Year in the British Accountancy Awards 2013. We have a number of clients who have obtained this software through us and are enjoying the benefits…

Sage Update Cloud Hosted SageOne. Sage, the market leaders in providing locally and network hosted SME accounting software, launched their first serious cloud hosted variant, SageOne Cashbook, in January 2011. This product, aimed primarily at micro businesses, and costing just £5pm, was a newly written application with very basic functionality. Now, nearly 2 years later,…

Sage Launch Update to Flagship Sage 50 Accounts Software. Sage have today launched their 20th annual update to their main Sage 50 accounts product; to be known as Sage 50 Accounts 2014. Users who do not automatically update each year will have to make the usual decision of whether or not the new bells and…

The Start of the New Tax Year is the time for OMB’s to revise their Tax Strategy. As another new tax year begins, business owner managers should review and revise their combined business and personal tax strategy: OMB Strategies 2013-14 Depending upon how much profit the business generates, whether or not your spouse is involved in…

Chancellor helps UK business. In his 2012 Autumn Statement Chancellor George Osbourne announced a raft of tax measures to help UK businesses steer through the current recession: Pre Budget announcements and Whiting’s Commentary   Initiatives of particular help included: Increasing the Annual Investment Allowance (100% capital allowances on Plant in year of purchase) from £25,000 to £250,000 wef…

VAT Returns – Compulsory online filing has benefits It has now been nearly nine months since HM Revenue & Customs have stipulated that all VAT registered businesses should file their VAT returns online, apart from a number who are exempt. But some may say, what are the benefits of VAT online? 1. Security – all…