Latest Start Ups

The Autumn 2024 Budget has been a tough Budget for businesses, but it perhaps hasn’t provided too many surprises given the recent press announcements. Below we share our key takeaways for businesses…   Corporation Tax For those Limited Companies, there is confirmation of the main rate of Corporation Tax remaining at 25% for the duration…

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…

Company formation ID verification rules are coming. Long expected changes to the way in which new companies are formed have moved a step closer. Although the implementation date of the new rules is not yet known as the regulations are still at the draft stage, Companies House have released some further information about the new rules.…

From 6th April 2024 HMRC want to encourage more of the self employed to use the cash basis when completing their accounts and self-assessment tax returns.   The new cash basis from 6th April 2024 will mean: The cash basis will be the default, with an opt-out for those wishing to use the accruals basis.…

Members of our team are now back from an exciting couple of days at Xerocon London 2024. We can’t wait to hear all about what they’ve learnt about whilst they were there, including upcoming product launches!   Stephen Malkin, Ben Burtenshaw, Dan Walker, Peter Brown & Emily Haines attended Xerocon. They found that the main…

Do you know when to find an accountant when starting in Business?   We meet a lot of clients who have an idea for a business, set up a limited company and start trading. They are very keen to get the business going, so keeping on top of the paperwork does not become the priority.…

What has changed when it comes to VAT Thresholds for Small Businesses?   The Spring Budget this year introduced significant changes aimed at alleviating the administrative burden on small businesses in the UK. One of the key updates announced by Chancellor, Jeremy Hunt, was the increase in the VAT registration thresholds, effective from 1 April…

It’s the question which many start ups ask themselves, ‘Should I be a Sole Trader or a Limited Company?’   It’s something that we here at Whitings are more than happy to advise on and help you with. So whether this is your first business venture or you’ve had businesses before, it’s always helpful to…

Did you know that there is finance available for start ups?   Starting in business can be an expensive task and a lot of businesses are not always aware of the funding that is available from the government to help with this.   Where to start The most popular is the government backed start up…

‘Sole Trader V Limited Company – Which is better for me?’   Minimising the tax paid on profits is a key aim of most SME businesses. The tax benefits of trading through a limited company, as compared to operating as a sole trader or partnership, were attractive as profits grow.   However with the increase…