Latest blogs for Services

The employee is entitled to claim additional Statutory Maternity Pay (SMP) if a pay rise took place, or would have been awarded, between the start of the relevant period & the end of her statutory maternity leave had she not been absent on statutory maternity leave.   The ruling is not a new one, coming…

Since 2015, the government has been promising action on the way employers deal with tips and gratuities in the hospitality sector. After many delays the Employment (Allocation of Tips) Act 2023 was passed in May 2023 & will most likely become law in 2024.   Historically, tips paid in cash have always been allocated to…

There is now less than a calendar month before the self-assessment (SA) deadline for registering with HMRC (5 October 2023). Do not delay – register today!   If you are not sure if you need to file an SA tax return, did you, between 6 April 2022 and 5 April 2023: Commence working for yourself…

The ‘gifts out of surplus income’ exemption is a powerful, yet often forgotten about, Inheritance Tax (IHT) exemption. As the name suggests lifetime gifts made from surplus income are immediately exempt from IHT, provided that certain conditions are met.   To qualify for this valuable relief, the following conditions need to be satisfied: The gifts…

We understand the loss of a loved one is a stressful and difficult time. If you find yourself in the unfortunate position of having to complete a probate application we can assist and support you through the process.   Since 2015 Whitings LLP has been licenced to deal with non-contentious probate and we are undertaking…

It’s National Payroll Week and what better way to celebrate, than to let you know about our very own Payroll offering ‘WPB’, here at Whitings LLP!   What is WPB? Whitings Payroll Bureau (WPB) is a long-established payroll arm of Whitings LLP based at the Whitings offices in Bury St Edmunds, Ely, Mildenhall and St…

[Data Source] Now that we are well into preparing 2023 year end accounts for our business client, we are getting are a proper feel of what is happening out there growth wise.  As can be seen from the above, SME’s had a strong 2022, growing by 11%, as they caught up lost sales from the…

The UK Government recognises that payroll auto-enrolment pension contributions need to increase in order to cover projected short-falls in personal pension pots. A private members bill (Extension of Automatic Enrolment No 2) has received a second reading in the House of Lords & is scheduled to return to the Commons in September. The aim is…

Capital allowances can be claimed by landlords’ expenditure on “plant and machinery” which can reduce your profits and indeed create losses, the use of such is not covered here, but they can certainly be very beneficial.   The property in question is important and will determine the allowances that can be claimed and at what…

HMRC have delayed the introduction of the claim notification forms and additional information requirements regarding Research & Development (“R&D”) tax claims by a week due to delays in Finance Bill timetabling.   Originally due to come into effect on 1 August 2023, the Relief for R&D Regulations 2023 will now be put into law on…