Latest blogs for Services

We recently visited the offices of Taylor Rose Solicitors to co-host a Post-Budget Forum at their Peterborough office on 18 November 2024, overlooking the fabulous Ferry Meadows country park.   At the event Nicholas Johnson, Partner at Taylor Rose and I lead the discussions with those in attendance from the local business community, professional advisors…

We ask the question, ‘Post Budget, should your pension planning strategy now change?’   The answer: Perhaps, but maybe not just yet. Here’s why…   A quick recap of the bad news: In recent years, some pension schemes have been increasingly used as a tax planning tool to transfer wealth without an inheritance tax charge,…

Rachel Reeves announced in the 2024 Autumn Budget that pensions will be subject to Inheritance Tax (IHT) from 6 April 2027. Pensions have always been a valuable IHT planning tool, but it seems not any more. However the actual tax charge could be up to 67% on the pension inherited, if not covered by a…

From autumn 2025, Companies House will implement mandatory ID checks for directors and persons with significant control (PSCs) of UK companies. This initiative aims to enhance corporate transparency and combat fraud, addressing concerns over the misuse of corporate structures for criminal activities like money laundering. Key Features of the ID Check System Who Will Be…

Double Cab Pick Up Trucks Are To Be Treated As Cars The 2024 Autumn Budget has introduced a significant change for Double Cab Pick Up trucks (DCPUs).   Starting from April 2025, DCPUs with a payload of one tonne or more will be treated as company cars for tax purposes. This change will impact both…

Do you know how to protect your charity from cyber crime?   Cyber crime is becoming more frequent in all aspects of life, due to the increased use of technology.   As a Trustee, it is part of your role to ensure that the Charity’s funds are protected, and the resources are managed responsibly.  …

Pre-budget the government has announced more significant rises in the minimum wage from April 2025. Known officially as the National Living Wage an increase of 6.7% will see the rate increase from £11.44 to £12.21 for employees over the age of 21.   An even larger increase for workers aged 18-20 of 16% sees the…

Many people decide to become a trustee to be able to give back to their communities. It is an exciting opportunity to benefit society and make a difference.   Trustees give their time, skills and experience to a good cause. They can also learn new and useful skills in their role too.   Charities in…

It’s Trustees’ Week! The time of year when we celebrate the amazing contribution made by trustees’ for their charities and recognise the difference they make.   You can find out about this week’s range of events and access free guidance and resources at www.trusteesweek.org   At Whitings LLP we are proud to support many trustees…

The countdown has begun as there are only 90 days remaining to file and pay your Self Assessment tax return before the 31st January 2025 deadline.   As the deadline for submitting a paper return has passed (31st October 2024), the deadline for submitting an online return is midnight 31st January 2025. You will also…