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.
Paying PAYE
As an employer you can pay PAYE to HMRC using a direct debit (DD) but each DD authority only applies for a single payment, so the effort is hardly worth it.
Working at home deductions
There are now almost 10 million people who work from home and can benefit from the tax-free allowance of £6 per week (£26 per month) which their employer may choose to pay.
Electronic sales suppression
Programming an electronic till to suppress the recording of sales amounts to tax evasion and HMRC can impose some serious penalties on retailers who do this.
Cost of travelling to work
Travelling to the workplace may now be unaffordable for some employees but employers who help by reimbursing travel expenses could be creating an extra tax burden for themselves and their employees.
Divorcing couples may no longer need to settle their estate within a year
The Government has announced plans to relax capital gains tax (CGT) rules in divorce settlements, so spouses and civil partners will have more time to transfer their assets.
MTD for income tax is nearly here. Get ready for MTD!
Making Tax Digital (MTD) is moving along at place, taking effect for income tax for many from April 2024. What else is on the horizon for business and what can you do to get ready for MTD?
Seek help to avoid the wealth tax trap
Experts are urging ordinary people to take advice to avoid falling into the inheritance tax (IHT) trap.
Unpacking the facts about self-storage
Letting out agricultural land and buildings for storage.
Don’t let staycations become too taxing
Staycations – we look at the main issues surrounding holiday lets for farmers
The Spring Statement – A damp squib for the countryside?
The Spring Statement – what exactly did the Chancellor deliver on March 23rd this year?
How changes to red diesel regulations are impacting farming
Red diesel regulations – a change in law has placed significant restrictions on which vehicles could continue to use red diesel.
Government announces plan to help farmers with rising input costs
Basic payment Scheme (BPS) – new measure to help farmers firm up their cash flow as input costs continue to spiral to unprecedented levels.
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