Firm news
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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.
Farm incomes fell by 10% in 2023 Defra figures show
Total farm incomes fell by £800m in 2023, according to the latest figures from Defra, representing...
Arable farms face ‘economic storms’ post-harvest
Arable farmers are being advised to ‘work closely with their accountant’ in the wake of figures...
Will energy storage help farmers store up the pounds?
Energy storage is an essential component of transitioning our power networks from fossil fuels to...
Points mean penalties under new VAT regime
New penalties for late VAT returns and payments have come into force and will impact on...
What is the future for Furnished Holiday Lets (FHLs)?
Many farmers rely on Furnished Holiday Lets (FHL) as a vital source of extra revenue to bolster...
What does the 2024 General Election mean for farming?
With the shock announcement of a general election on July 4, the country is poised to decide on the colour of the next UK government.
FRC Proposes Major Overhaul of Auditing Standards
The Financial Reporting Council (FRC) has unveiled proposed changes to auditing standards that could have a major impact on the financial world.
Employers warned payrolling of benefits is to become mandatory
Whitley Stimpson are forewarning employers that they will be required to report and pay income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind through payroll.
New R&D Tax Relief regulations could leave thousands of businesses at risk of missing out
Thousands of UK businesses could lose out on critical Research and Development (R&D) tax relief due to new pre-registration requirements by HMRC. Companies must now register their intention to claim within six months of their financial year-end, or risk missing out on valuable tax relief, sometimes exceeding 20% of R&D spend.
Double cab chaos – the tax hike that never was
Discover the dramatic U-turn by the government regarding the tax treatment of double cab pick-up trucks, originally set to lose their goods vehicle status.
Sunak announces extra funding at NFU Conference
Prime Minster Rishi Sunak mounted a charm offensive at this year’s NFU Conference, telling farmers he was determined to ensure they are ‘treated fairly’ and acknowledging their ‘central role’ in British life.
When do glamping pods qualify for capital allowances?
Glamping pods qualified for capital allowances under the annual investment allowance (AIA) in a recent test case. This makes them even more attractive as diversification options
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