Firm news
News
Firm news, tax planning and finance blogs by our team
We know how important it is for you to be able to find up to date business information, and our people love to share their knowledge about the news, and accounting and tax legislation. Here you will find links to our latest press releases, as well as tax planning and finance blog posts – all written by the Whitley Stimpson team, so you can read our take on topical subjects, and use our advice to help you to run your business. We have also shared the odd blog post or two about what we get up to in our communities, because we are proud to be a part of the areas where we live and work, and to support them where we can.
Join in the conversation, we would love to hear from you.
Coping with an HMRC nudge
Marketing companies know that personal letters sent directly to customers are more powerful than broadcast or printed adverts. HMRC is using this technique to recover unpaid tax.
Largest ever NMW rise
The national minimum wage (NMW) and national living wage (NLW) rates are due to rise significantly for pay periods starting on and after 1 April 2023.
Mind the NIC gap
Do you know whether your national insurance contributions (NIC) record is complete and correct?
Planning dividends in 2023
Owners and directors of family businesses often take a small salary from the company and any extra funds as dividends.
Owen Kyffin – 1961-2023
We are devastated to have to announce the sudden passing of our director, friend, and colleague – Owen Kyffin.
What can you claim as a capital allowance?
Capital allowances allow you to deduct some or all of the value of an item from your profits before you pay tax. Here’s what you need to know.
Accountants ensure tax doesn’t have to be taxing
Whitley Stimpson are urging thousands of people struggling with tax queries to seek professional advice.
A Good Average
If you’re concerned about facing a crippling tax bill that essentially penalises you for being good at your job, you may be able to average them out over the past two or five years, to make your tax burden less bothersome.
Bitter Sweet Breaks
Dividing the assets of a farming business, particularly if both parties are directors, can be a significant undertaking for couples that separate.
Farms Scams on the Rise
With the cost of living crisis putting a squeeze on everyone’s pockets, the incidence of online scams and frauds is, perhaps unsurprisingly, going through the roof.
Voluntary Carbon Credit Schemes – Welcome New Revenue or Storing up Problems?
Regenerative farming is a buzz word at the moment. With a host of incentive schemes popping up to encourage farmers to do more to protect the environment and language of all its own – think carbon credits, rewilding, sequestration, and more.
A Taxing Issue
As some of you might have seen in the agricultural press, HMRC is ramping up investigations into agricultural property relief (APR) with reported inspections increasing by nearly 30% in the year to March 31, 2022.
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