Latest blogs for Services

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…

During the King’s Speech on July 17th, 2024, it was declared that a new Employment Rights Bill was to be introduced in the next 100 days.   The key points as far as payroll is concerned are as follows: Banning exploitative zero hours contracts and ensuring all jobs provide a baseline level of security and…

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…

There’s just under one month to go until the HMRC Self-Assessment registration deadline (5 October 2024) for the 23/24 tax year.   You’ll need to apply if you need to complete a tax return and have not sent one before, or did not send one last year.   If you are not sure if you…