Latest blogs for Specialisms

Road Hauliers: Fuel optimisation ideas. A further freeze on fuel duty along with the rates of HGV VED and Road user Levies in the March 2016 Budget were welcome news for Road Hauliers. The government followed on by saying that over the last 6 years operators have on average saved a total of £14,400 on…

Office of Tax Simplification: Suggest look-through companies, to deal with IR35. The OTS have been reviewing the taxation of Personal Service Company’s, with the aim of dealing with the “issue of IR35”. They are recommending the shareholders of PSC’s pay income tax on the company profits directly, instead of via corporation tax. This “look-through” taxation…

Community Business Fund Grants: Apply now. If you operate a community business or a trading not for profits organisation then there are grants being awarded between £50k – £300k to support and develop these activities.  Applications for grant funding opens on 26h April 2016 and you can register your interest from 5th April 2016. See the…

Budget 2016: New CGT planning opportunities. George Osborne’s latest Budget heralded an unexpected reduction in CGT, lopping 8% off both the 18% and 28% rates. But not for residential property- George continued his attack on residential landlords. However, it may well be that sales of other assets are now best deferred until post 5 April…

Budget 2016: The end of public sector contracting? It was announced in the Spring Budget 2016 that engagers in the public sector will be responsible for deciding the IR35 status of their contractors from April 2017: Click here for the PDF It is estimated that 20,000 Personal Services Company’s working in the public sector are avoiding…

Whiting & Partners: the ‘hub’ of East Anglia’s accounting services for Road Hauliers The Road Haulage team Whiting & Partners takes pride and enthusiasm in the services it provides to the transport industry.  Through our membership with the Road Haulage Association (RHA) and depth of industry knowledge within the team, we have the scope and…

EU: Good or bad for UK manufacturing? The announcement of the date for the In/Out of the EU referendum has stirred debate as to whether being within the EU is good or bad for UK manufacturing business. There is clearly no simple answer to the question, with various interest groups declaring themselves as yes or…

+3% Extra Stamp Duty Land Tax: Unless you purchase before 1 April. Property investing clients will be aware than plans for a 3% stamp duty land tax surcharge for property purchases over £40k of second homes and  buy-to-lets are due to come into effect on 1 April 2016. This leaves a small window of opportunity…

Annual Tax on Enveloped Dwellings (ATED): Threshold reduced. The ATED charge applies to companies which own residential properties. On 1 April 2016, the lower threshold will be reduced from £1 million to £500,000. This will mean that many more companies will be caught within the ATED rules. The deadline for submission of the 2016/17 forms,…

Audit Exemption Turnover Threshold: Raised to £10.2m. The Government is to raise the audit exemption threshold to the maximum allowed under EU law. In a statement read out in parliament, Anna Soubry, minister for small business, industry and enterprise, said the decision had been made after considering responses to its discussion paper. Companies will not be required to…