All posts by Peter Glading

Larking Gowen Tourism Survey Results

Peter Glading

February marked the 75th anniversary of American troops arriving in the UK during the Second World War. The arrival of thousands of American personnel to the east of England changed the region forever. By 1943 there were more than 100,000 US airman based in Britain, mainly in East Anglia.

For this reason, Larking Gowen decided to hold its 2017 Tourism Survey Seminar in Suffolk, at The Swan in Lavenham.

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Is the role of the accountant becoming redundant?

Peter Glading

Making Tax Digital for Business (MTDfB) is a key part in the Government’s plan to modernise the tax system – it is the biggest change in tax administration in decades.

It will affect every business in the UK, including those with rental income, and will change the way that businesses keep their accounting records, report profits and interact with HM Revenue & Customs (HMRC).

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Big Brother is watching you

Peter Glading

Big Brother is watching, and I am not referring to the Channel 5 programme! The term originated from a warning that appears on posters throughout Oceania, the fictional dictatorship described by George Orwell in his book ‘Nineteen Eighty-Four’. Now, in 2017, the tools are available to allow all sorts of organisations to correlate information about us.

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Why should you stress test your business?

Peter Glading

We often hear that the banks are being stress tested to determine their ongoing viability. Do you just assume that this is ‘economics’ that goes way over our heads? Actually, we can apply similar principles to all types of business. It involves applying systems to identify potential problems, however extreme or unlikely, and then devising strategies to minimise or alleviate their effect.

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How does the Autumn Statement affect you?

Peter Glading

The Autumn Statement was not the most exciting from a tax perspective, but it was interesting for a number of reasons.

The Chancellor finished his first statement with an unexpected announcement; since the days of Gordon Brown there have been two showpiece performances, the March Budget, concentrating on tax, and the Autumn Statement, concentrating on spending.

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Making Tax Digital ­­- how will it affect the legal sector?

Peter Glading

Major changes are being made to the way in which all taxpayers interact with HM Revenue and Customs (HMRC). The Government is referring to these changes as “Making Tax Digital” (MTD), and they are proposing a staged introduction to the new rules, starting for many in April 2018.

Larking Gowen has prepared and submitted a comprehensive response to HMRC’s consultations on Making Tax Digital with regard to how it impacts our clients and suggesting matters to improve implementation for businesses.

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Government examines support for the self-employed

Peter Glading

There is a record number of self-employed workers at the moment, approximately 4.6 million, which represents about 15% of the UK workforce. They are also spread across a diverse group of sectors, including agriculture, construction, transport, the art world, hairdressing and travel writing.

Back in July 2015, the Government commissioned a report by Julie Deane OBE, the CEO and Founder of The Cambridge Satchel Company.

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Are you ready for the new pound coin?

Peter Glading

Does your business handle cash? If so, are you ready to handle the new £1 coin that will be introduced in March 2017? The Royal Mint is producing 1.5 billion of the new coins.

I attended a Christmas Fair recently and whilst chatting to several of the stall holders I was quite surprised how few of them were aware of the change that will be happening next year.

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