Category: Finance

How Xero accounting software makes life easier for us and you

Whittock Consulting Ltd are proud of our Xero Certified Silver Partner status. As you’d expect, we use Xero a lot here, and in tandem, many of our clients do too. In this latest blog, we thought we’d share some of the benefits we deliver to our clients through our Xero partnership. What is Xero Accounting Software? Xero is a cloud-b...

Read more

Small business pessimism highlights the need to take insight from your numbers.

According to a recent survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network, 1 in 5 small businesses believe full trading recovery following the COVID-19 pandemic will take two years. This gloomy prediction came from a survey of accountants representing 7,065 clients. The same articl...

Read more

Post-lockdown Intel for Company Directors

Are you a company director seeking guidance as we exit lockdown? Want to know the potential pitfalls and opportunities that lie ahead? To help you chart the way, here’s our intel on 5 areas on which Company Directors need to be aware. 1. Dividends timebomb? If you’ve taken dividends this year, you need to be sure the busines...

Read more

Have referees blown the whistle on IR35 rulings?

When the English football season was paused due to Covid-19 you may have been missing your football fix. However, during this time a very important football match was being played out. The two teams? HMRC v Professional Game Match Officials Limited (PGMOL) or referees to you and I. What happened pre-match? Premier League referees are em...

Read more

Goodbye Job Retention Scheme, Hello Job Support Scheme

As of 31st October 2020, the Government’s current job retention scheme will cease. Currently employers can claim up to 70% of an employee’s wages who is on furlough subject to the salary cap. However, last week the Chancellor announced a further scheme aimed to continue to assist employers and prevent unnecessary redundancies. Wha...

Read more

Finance Director MOT

WCL is offering a new service to assist companies in understanding what their business finances look like as things start to slowly return to normality. Monitoring financial performance is key to any successful business. We are now offering a limited number of FD MOT’s to new customers.  The scope of work will include: Taking y...

Read more

What’s your Lockdown story?

At a recent networking event, I heard someone explain what their company did and didn’t do during lockdown.  This started us thinking as to what we did and didn’t do at WCL over that period and we would like to share these with you. 3 things we did do: Called (rather than e-mailed) clients regularly to check on how they were ...

Read more

What does your business look like post Covid?

As lockdown restrictions ease and companies start to see an increase in business; now is the time to plan what the next few months and even years start to look like. Decisions made in the next few months could have far reaching consequences. The Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan (BBL) have b...

Read more

New National Minimum Wage and National Living Wage increases and what you need to do

The national minimum wage applies to anybody that has reached the school leaving age, with the national living wage applying to those aged 25 and over. The current rates along with the new rates are below: Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice April 2019 (current rate) £8.21 £7.70 £6.15 £4.35 ...

Read more

Coronavirus Business Interruption Loan Scheme – some top tips

Here at WCL clients have been asking for assistance with regard to their applications for the Government's Coronavirus Business Interruption Loan Scheme (CBILS). Here are a few pointers as to what we see banks needing ahead of granting a loan under the government’s CBILS: They will only lend to businesses that can pay the money ...

Read more