Jaimie King (Bury St Edmunds)

Jaimie joined Whiting and Partners in July 2014 after completing her A-Levels in Mildenhall. She has completed her AAT and ACA qualifications and manages a portfolio of corporate, audit and charity clients based in the Bury St Edmunds office.

She is a member of the firms Audit, Not-For-Profit, and Corporate Tax groups. Jaimie also gets involved in the office charity fundraising and social calendar.

When not at work, Jaimie enjoys cooking and crafting, and always has her hand in a DIY project.

Specialisms

 
My Latest Blogs
 
Jaimie King
13th June 2019 Charity fundraiser flies high for the Air Ambulance

                        On 8th May, friends and colleagues got together for a Paint Night in aid of East Anglian Air Ambulance. Rosey Hancock, a local artist, taught the class step-by-step how to paint a wonderful lion on canvas. All attendees thoroughly enjoyed the event and…

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Jaimie King
7th June 2019 Digitalising stocktaking

As the world becomes more digital, it leaves us wondering where further efficiencies could be achieved through switching to more high-tech methods. One possible area for auditors is stocktaking. For an audited entity with significant levels of stock at the year end, it is likely the auditor will want to perform test counts of the…

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Jaimie King
13th November 2018 Corporation tax rates set to fall

Following the Autumn Budget on 29th October 2018, it was confirmed that Corporation Tax rates will fall to 17% from 1st April 2020. Currently, the Corporation Tax rate is 19% and this will remain until the 17% rate comes into force. Presumably the reason for introducing lower rates is to make the UK more competitive,…

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Jaimie King
19th November 2018 Charities small trading tax exemption to increase

During the Autumn Budget on 29th October 2019, it was announced that the small trading tax exemption limits for Charities is set to increase.   The exemptions apply to Charities who trade outside of their primary purpose. A Charity will not pay tax on trading profits that are a part of the Charity’s primary purpose…

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Jaimie King
9th November 2018 Gift aid small donations limit to rise

Following the budget on 29th October 2018, the Gift Aid Small Donations Scheme limit has been increased to donations of £30 or less from 6 April 2019. The scheme was introduced for Charities who accept small donations to still claim for Gift Aid despite not collecting the usual declaration paperwork from the donor. This has…

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Jaimie King
2nd November 2018 Profit distribution to charitable parent

It is common practice for a trading subsidiary company to pay their profits to their charitable parent as a donation under gift aid. This is tax efficient for the subsidiary company, as the profits that have been donated are treated as a donation expense and therefore there is no corporation tax due if paid within…

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Jaimie King
30th October 2018 Charity serious incident reporting

The Charity Commission is worried about the number of charities not reporting serious incidents or taking a long time to do so. This has perhaps become a concern since the Commission raised a statutory inquiry into Oxfam in February, following allegations of misconduct by staff in Haiti. It is a Charity’s trustee’s responsibility to ensure…

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Jaimie King
20th August 2018 When an employee becomes a trustee

When an employee becomes a trustee it is important to consider what the salary is paying them for – either trustee duties or for their contractual employment. There are only limited circumstances when trustee boards can pay a trustee for carrying out their trustee duties. Whilst there is a general power to pay a trustee…

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Jaimie King
27th June 2018 Charity annual returns – changes ahead

Later this year The Charity Commission will introduce a tailored annual return which will include some new questions which may require preparation in advance. Overseas expenditure As these new questions will likely require additional preparation, they will be optional for 2018 but become mandatory for 2019 onwards: When spending money outside England and Wales, did…

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Jaimie King
1st March 2018 Spending your old £10 notes

From 1 March 2018, most businesses and shops will only accept the new plastic £10 notes, which feature Jane Austen. The new polymer notes are more secure and harder for fraudsters to counterfeit. They also have raised bumps and dots in order to help blind and partially-sighted users to identify each banknote. From 1 March…

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