Stephen Malkin (Kings Lynn)

Stephen is a member of the institute of Chartered Accountants England & Wales and with over 20 years background of tax and accountancy, Stephen brings a wealth of experience to Whiting & Partners; Stephen has had specific training on various cloud accounting packages and is the principle point of contact for the cloud accounting services we offer. Stephen is also member of the firms Farming Group and the Business Start-up Group.

Outside of work Stephen’s focus is very much on his family, being chauffeur to his two teenage sons and supporting Norwich City Football Club.
 
My Latest Blogs
 
Stephen Malkin
28th May 2021 Xero – Multi-factor Authentication

  Do you use Xero?   If you do, then multi-factor authentication when logging in will become compulsory after 2 July 2021.  From 1 June you will be prompted to set this up but can defer up until 2 July 2021.   Having a second layer of security is designed to prevent anyone but you…

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Stephen Malkin
28th February 2021 1-Mar-21: Are you ready for new VAT Domestic Reverse Charge rules for construction services?

VAT registered businesses working within the construction sector should be aware that new domestic reverse charge VAT administration rules are being introduced wef 1 March 2021 (delayed from original October 2019 launch date). The Government announced in the 2018 Budget that they are trying to reduce missing trader fraud; where builders collect VAT from their…

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Stephen Malkin
22nd July 2020 Government sets out draft agenda for a 21st century tax system

Today the government has set out its draft agenda for a 21st century tax system, they say these are the next steps in an ambitious plan to create a modernised digital tax system fit for the modern world.   This is part of the Treasury’s long term tax digitisation plan, which is designed to increase…

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Stephen Malkin
22nd July 2020 Are you MTD compliant?

Over the last week or two HMRC have begun getting in touch with small businesses across the UK who are not complying with Making Tax Digital (MTD) but are required by law to do so.  These businesses need to take action now to avoid any potential penalties being levied.   If you are a VAT…

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Stephen Malkin
28th February 2019 The ‘Right to Build’

In 2016, new legislation came into force which meant that councils now have a duty to grant planning permission to appropriate serviced plots as part of the ‘Right to Build’ entitlement. This was part of the government’s solution to tackling housing shortages across the country – the objective was to double the value of the…

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Stephen Malkin
1st February 2019 MTD for VAT: Which Bridging Software?

As we approach the 1 April 2019 deadline for the introduction of MTD compliant VAT submissions, many businesses will at last be focusing on what solution they should adopt.   If their current bookkeeping system does not already have an upgrade that automatically provides this new functionality, they will be considering adopting ‘bridging software’.   Looking through…

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Stephen Malkin
11th January 2019 Financing your self-build project

  Borrowing to build Self-builders require more money up front than conventional homebuyers. This is because they have to buy their building plots and fund their planning applications before they can apply for any loans. Self-build mortgages tend to be interest-only as fixed-rate loans have substantial exit fees for those who change loans when the…

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Stephen Malkin
1st May 2018 CITB Levy: Changes in calculation basis

Builders will probably now be aware that the basis for calculating how much their annual payment is under the Construction Industry Training Board (CITB) has recently changed:     Old Basis New Basis Levy on employees 0.5% 0.5% Levy on labour only sub-contractors 1.25% 0% Levy on payments to sub-contractors with Net CIS status 0%…

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Stephen Malkin
27th October 2016 HMRC MTD Consultation

Making Tax Digital: Prepare or man the barricades! HM Revenue & Customs have just published their second webinar on their Making Tax Digital (MTD) project, including a plethora of questions and answers. While the tone was very touchy-feely, as the presenters talked about the HMRC’s “customers”, the underlying iron fist could clearly be sensed: Yes,…

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Stephen Malkin
13th April 2016 Sage Cloud

Sage Launch Cloud Product: 4th time lucky? Despite dominating the SME on-premises accounting software market for over 25 years, Sage have struggled to find traction in the brave new world of cloud hosting. Initial attempts at licensing its best selling Sage50 software through the specialist hoster, Online<>50, gained little traction. The subsequent launch of the same product…

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