Category: Finance

Should my business have tax investigation insurance?

More than ever before, HM Revenue and Customs (HMRC) are cracking down on individuals and businesses who aren’t paying the right amount of tax. Investigations can be invasive, worrying, long and expensive. But you can avoid those sleepless nights and make sure you and your business are protected with tax investigation insurance. Here...

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Whittock Consulting Ltd is awarded Xero Gold Partner status.

We are delighted to announce that Whittock Consulting Ltd have achieved Xero Gold Champion Partner status. With the additional training our team receive, we are now able to provide the highest level of service and value add to our clients. Whittock Consulting Ltd was set-up in 2013 with a view to supporting growing businesses with outs...

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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...

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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...

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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...

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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...

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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...

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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...

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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 ...

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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...

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