Whiting & Partners, Chartered Accountants & Business Advisers

23/07/2024

Corporate Tax clients (both existing and future), this ones for you!

Have you considered maximising Capital Allowances? 🤔

From 1 April 2023 companies subject to Corporation Tax will receive a 100% first year tax deduction for expenditure they incur on qualifying plant and machinery.

Originally the above was announced as a temporary measure, the UK Government subsequently announced in the Autumn Statement that the relief will remain in place permanently.

Want to find out more?

Check out our blog post here 💻 https://ow.ly/yJ7Y50SCsz2

In the post we cover:

👉 A Bit Of Background
👉 How It Works
👉 What Should Businesses Be Aware Of?
👉 Clawback On Disposals
👉 Further Points To Consider

Whitings LLP | Chartered Accountants, Have you considered maximising Capital Allowances? From 1 April 2023 companies subject to corporation...

20/07/2024

It’s the time of year when we invite local students to join us for work experience at Whitings LLP.

We welcomed the wonderful James and Chloe from MCA6 to our Mildenhall office, to discover what it is like working here.

What did they think of their work experience? 🤔

You'll have to read our blog post below to find out!
💻 https://whitingsllp.co.uk/work-experience-at-whitings-llp/

18/07/2024

What is the purpose of trusts? 🤔

They ensure that wealth and assets pass in accordance with an individual’s wishes and have long been used by private client advisors as a tax planning and family asset protection tool.

To find out more about trusts, read our blog post here:
💻 https://ow.ly/ZLUn50SF0rq

In this post we cover:

👉 The purpose of Trusts

👉 Trusts and Asset Protection

👉 Trusts and Tax Savings

Don't forget, we're here to help!

We have specialists in trusts and estate planning and management. So for more information or advice, contact your local Whitings LLP office today and our team will be happy to assist you.

Whitings LLP | Chartered Accountants, Have you considered trusts when it comes to tax planning and asset protection? Whilst trusts were...

15/07/2024

Are you starting in Business and wondering 'When is the best time to find an Accountant?' 🤔

We're here to help! Ideally you'd find an Accountant within the first few months of trading.

By contacting us within the first few months of trading, we can then:

👉 help you get set up on some accounting software

👉 let you know about the deadlines

👉 help you through starting and running your business

😲 Already passed this point - fear not!

Check out our blog post to find out how we can help you if you've left it a little later here: 💻 https://ow.ly/ZnFS50SyPvP

04/07/2024

This is definitely how quickly we put together our summer hamper for Great Heath Academy's summer fayre tomorrow afternoon 😉

We can't wait to hear how it goes and we know that there are a lot of fantastic prizes up for grabs in their raffle!

Good luck everyone! ☀️

Great Heath Academy PTA

03/07/2024

⛳️ Thetford Golf Club have got the stage set for their upcoming Captains Day this Saturday and we are proud sponsors of the event! We'll also be keeping the golfers energised on the day with our supply of bananas 🍌

All proceeds will be going to the wonderful East Anglian Air Ambulance Charity 🚁

The Thetford Golf Club team have already done a fantastic job of fundraising and we know a lot of hard work and determination has gone into this 💪 Keep up the great work!

Good Luck golfers!

28/06/2024

We’re looking forward to seeing the Ashtons Legal LLP team, our fellow sponsors and all you jazz fans at the ‘Jazz At The Guildhall’ night tonight! 🎵 🎷🎶

We’re proud sponsors of this fantastic evening that is all in aid of the wonderful Citizens Advice West Suffolk

See you there! 🎷

Bedfords Estate Agents Bluesys I.T. Services Ltd

Not long now until 'Jazz at the Guildhall'! The fabulous Chris Ingham Trio and Joanna Eden will be entertaining us this Friday at the Guildhall in . All funds raised go to Citizens Advice West Suffolk. Ashtons Legal LLP is delighted to sponsor this event alongside Bedfords Estate Agents, Whitings LLP, Chartered Accountants & Business Advisers, Bluesys I.T. Services Ltd and Rees Pryer Architects. https://suffolkwestcab.org.uk/jazz-at-the-guildhall-2/

26/06/2024

🚨 Approaching deadline...

The personal tax second payment on account deadline is 31st July 2024.

Payments on account are advanced payments towards your tax bill for the tax year just ended.

For more information and how to make the payment on account, check out our latest blog post on the topic here
👇👇👇

💻 https://ow.ly/yUu350SqeKh

Whitings LLP | Chartered Accountants, The personal tax second payment on account deadline is approaching (31st July 2024)...

23/06/2024

We’re all set up and ready to go at the Run Breckland Mildenhall River Run today!

Don’t forget to grab your free water bottle!

It’s going to be a scorcher! ☀️🦢

18/06/2024

Thank you for making our Bury office reception and boardroom look lovely and welcoming Grow My Wellbeing!

There's nothing like a bit of greenery to really refresh a space🪴

Everyone has been commenting on how lovely it looks and feels with the new plants in place! 🍃

17/06/2024

London 2024: The Debrief 🔎

Our team are back in the office after an exciting couple of days at Xerocon London 2024 last week. We can’t wait to hear more about what they learnt whilst they were there, including upcoming product launches!

Find out what their main takeaways from the event are here: https://whitingsllp.co.uk/xerocon-london-2024-the-debrief/

Xero Dext

14/06/2024

Trainee Payroll Technician

We currently have a vacancy within our Firm’s Payroll Department which is based at our Ely office for a Trainee Payroll Technician. Full training will be provided and as part of the role, the successful candidate will undertake the CIPP Payroll Technician Course.

The role is full time – 37.5 per week.

You should be a good communicator, able to work within a team effectively and demonstrate attention to detail in your work. You should be self-motivated and keen to learn.

Salary/remuneration package on offer will be at market rates in line with knowledge and experience.

Please send your CV to [email protected]

14/06/2024

Here's one for the Whitings Team!

What better time to remind you of our scheme than on ! 🚲

For more information on how you can take part in the scheme contact our HR team today!

Happy Biking! 🏍️

Bike 2 Work Scheme Cycling UK East England

13/06/2024

Non-Executive Directors (NEDs) are crucial members of a company’s leadership team and therefore adequate remuneration is key 🗝️
..

But did you know that the arrangement for paying NEDs can often be handled incorrectly? 🤔

Are you paying your Non-Executive Directors correctly?

Find out here 👉 https://whitingsllp.co.uk/non-executive-directors-remuneration-taxation/

Don't forget for personalised information or advice, contact your local Whitings LLP office today!

Whitings LLP | Chartered Accountants, Non-Executive Directors (NEDs) are crucial members of a company’s leadership team and therefore...

12/06/2024

It's great to hear that Mildenhall Cricket Club's Race Night was a success! 🏇

So what did it involve?

Local businesses were invited to sponsor a past horse race to fundraise for the local Cricket Club, so we got sponsoring!

Attendees on the night picked horses, watched the races and were in with a chance to win prizes! 🎁

Congratulations to the club for raising a whopping £1000 👏

Here are a few photos from the night 📸🌟

10/06/2024

📢 Small Businesses, do you know what the increase in VAT registration thresholds means for you?

Find out what's changed here: 💻 https://ow.ly/huAY50S89bc

The VAT threshold increase is a positive step towards reducing the administrative burden on small businesses. By easing compliance requirements, this change allows small businesses to focus more on growth and innovation 🌱

✨ Key Changes – Effective 1 April 2024

Registration Threshold:
The VAT registration threshold has increased from £85,000 to £90,000

Deregistration Threshold:
The threshold for deregistration has risen from £83,000 to £88,000

Whitings LLP | Chartered Accountants: What has changed when it comes to VAT Thresholds for Small Businesses? The Spring Budget this year...

04/06/2024

🚨 Don't get de-banked!

MP’s on the Treasury Committee have recently looked at an issue that has been creeping up on some SME’s and causing real problems – where your bank shuts your account without your instruction and without warning (de-banking).

So why do businesses get de-banked? 🤔

Banks cited the main reasons for this as:

👉 Customers failure to comply with anti-money laundering ‘know your client’ information requests

👉 Changed risk appetite (based on geography or nature of the business)

👉 Trying to avoid reputational risk

💻 https://ow.ly/kifL50RZYEn

Whitings LLP | Why do people get de-banked? MP’s on the Treasury Committee have recently looked at an issue that has been creeping...

03/06/2024

📢Extended support for Farmers is available through incentives and changes to planning laws 🚜

The government has published details of the expanded SFI offering for 2024 which now includes:

👉 Actions for precision farming and agroforestry

👉 Support for upland farmers, short term tenant Farmers and new entrants

💻 Check out our latest blog post for more info here: https://ow.ly/Hc1f50RYIou

Extended support for Farmers is available through incentives and changes to planning laws. The government has today published details of...

30/05/2024

‘Should I be a or a ?’🤔

Whether this is your first business venture or you’ve had businesses before, it’s always helpful to receive advice on what’s best for you and your current situation.

That's where we come in!

If you would like to find out more about your specific situation and whether being a sole trader or a limited company is best for you, contact your local Whitings LLP office today for a free initial consultation.

We look forward to meeting you!

💻 Find out more about operating as a Sole Trader vs Limited Company here: https://ow.ly/cVfu50RZXOX

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...

29/05/2024

🏡 Are you in the Property Industry?

Have you read the spring edition of our Property Matters Newsletter?

What are you waiting for...

🌷 We have great articles from the Whitings team with your Spring update on:

👉 The end of Furnished Holiday Lettings

👉 Rental losses - How you can use losses to save tax

👉 The removal of Multiple Dwellings Relief for SDLT

👉 ATED Deadlines

👉 Making Tax Digital for Income Tax

💻 Read Issue 5 of our Property Matters Newsletter here: https://ow.ly/mbBz50RZVwh

Issue 5 of our Property Matters Newsletter: This edition of our property newsletter is one in which has been influenced by the March...

23/05/2024

Inheritance Tax (IHT) has traditionally been a domicile-based tax; however, the recent Spring Budget proposed a new ‘modernised residence-based regime’, which seems set to make significant changes to IHT from 6 April 2025.

What could these changes mean for you? 🤔

Check out our latest blog post on the topic that covers:

👉 The concept of domicile

👉 The current rules for individuals and trusts

👉 The position from 6 April 2025 for individuals and trusts


💻 Read the post here: https://ow.ly/Bpeq50RNAwn

IHT has traditionally been a domicile-based tax; however, the recent Spring Budget proposed a new ‘modernised residence-based regime...

22/05/2024

Congratulations to all finalists and winners at last nights 2024 SME Ely Business Awards!

It was great to be able to celebrate your achievements with you all and to see the successes within our fabulous Ely business community 🏆

A huge well done to Demcom for picking up the award for Overall Winner on the night 👏

Here's to next years awards! 🥂 Who knows, you could be winners...

We are Proud Platinum Sponsors of the SME Ely Business Awards

💻 https://ow.ly/pMzU50RQB1q

Last night saw the gala awards presentation evening for the SME Ely Business Awards 2024. Local businesses were eligible to enter 16...

21/05/2024

Good luck to all of the finalists at the 2024 Business Awards at the Maltings, Ely this evening! 🏆

Keep your eyes peeled for members of our Ely team, who will be suited and booted for the black tie event. They'll be cheering you on and ready to celebrate your success with you! 👏👏👏

💻 Find out more about the awards here: https://eventsandpr.co.uk/sme-ely-business-awards/

SME Business Awards

Latest Information Welcome to the SME Ely Business Awards, a credible opportunity to support and share in our vision to raise the profile of industrious, hardworking and enterprising SME’s locally. Business awards are a sought after accolade of achievement, a veritable endorsement of success in bu...

17/05/2024

Research shows that doing movement in nature has greater positive effects compared to doing activity indoors. So, why not take your movement into the wild? 🍃🌳

Here are some ideas for moving in nature:

🍃 A countryside walk.
🏊 Cold water swimming.
🏞️ A walk in the park.
🥾 Joining a walking group.
🌾 Finding a gardening club.

Remember, you’ll get more mental health benefits from moving in nature if you feel connected to your surroundings. So, when you’re moving in nature, try to tap into your senses and notice the sound of birdsong, the feeling of soil, or the smell of flowers.

Get more tips on moving for your mental health: mentalhealth.org.uk/movement-tips

16/05/2024

We're taking part in Day today! 💚

Members of our King's Lynn, Mildenhall and Bury Offices donned their finest greenery to help raise awareness this

You may be thinking, but where are the Bury teams green clothes?🤔

The answer...

They were carefully tucked away under their coats, as they found their this lunchtime and braved the extremely wet weather to do a mental health walk in the 'fresh' air! ☔

Double points for Bury! 💚👏💚

Mental Health Foundation

15/05/2024

Have you heard… 👂🏆✨

We’re sponsoring the ‘Contribution to the Community Award’ at the Bury Free Press West Suffolk Business Awards 2024! 🙌

Find out more in the post below 👇

SuffolkWire

Two new sponsors have been announced for this year’s Bury Free Press West Suffolk Business Awards.

14/05/2024

We have a lot of runners, walkers and netball players in the Whitings team, but if these aren't for you, you can still find 'Moments For Movement' in your day.

✨ So inspire us! ✨

Let us know how you find in your day in the comments section below 👇👇👇

Mental Health Foundation

13/05/2024

💜 Join us in supporting Mental Health Awareness Week! 💜

This years theme is 'Movement: Moving more for your mental health' 🚶🚶‍♂️🚶‍♀️

According to the Mental Health Foundation, 'One of the most important things we can do to help protect our mental health is regular movement.'

Find out more about Mental Health Awareness Week here: https://ow.ly/T3YX50REk2P

10/05/2024

Well there we are, the quiz of the year is over and ‘The Ely 5’ won for 2024 finishing with a whopping 64 points.

They played their joker card at the right time and rightfully won the night 🃏

We look forward to seeing the trophy proudly displayed in our Ely office 🏆 (keep an eye out for it next time you visit) 👀

Winning the quiz wasn’t enough for Nick Edgley, Partner at the Ely office..

He went on to win the BINGO movie hamper too! 🎥 🍿 🍬

It’s not about the winning, it’s about the taking part (the rest of us say through gritted teeth)😬😂

But we all had a brilliant night full of laughs and smiles, so a fab team night out was had by all! 🙌😃

Huge thanks to Ruth Pearson, Keri John and Madison Milner for organising the night and to Richard Alecock for being our quizmaster for the night! 👏

Here’s to next year… The battle is on 💪