Category Archives: Business and Private

National insurance contributions and working overseas

Michael Morter

There are proposed changes to the national insurance system which will impact on a number of people, and in particular those who have left the UK to work overseas.

The proposal is that Class 2 national insurance contributions (NIC) will be abolished. Class 2 is £2.85 per week from 5 April 2017 and for UK residents it is normally paid by self-employed people, together with Class 4 NIC, which is charged as a percentage of profits made.

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Tying the knot with your business

Glenn Matthews

I have been working with new businesses for the best part of five years at Larking Gowen, and having married last year, it struck me how similar the two things can be.

Taking the leap

From the moment I proposed, it seemed that every free hour was consumed with making plans. Having your own business can feel the same; it will take a lot of time, but it really is worth taking that time at the start, as this will mean that everything that follows is likely to be smoother.

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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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Helping new businesses to network

Glenn Matthews

At Larking Gowen we help new businesses start up and flourish by being there to support them and by providing practical business advice. We also help to arrange networking events for new businesses so that they get to meet with likeminded entrepreneurs and other businesses at the start of their journey in order to share experiences and advice.

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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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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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Time to update your business plan?

Becky Ames

Time to update your business plan?

Becky Ames, business advisor and partner at chartered accountants Larking Gowen, on the importance of keeping your business plan current

Why do so many small firms fail to update their business plan?

Becky Ames (BA): “Many owners prepare a business plan when starting up, sometimes when applying for a funding.

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