Much has changed since last year’s Budget, when we were anticipating the EU Referendum and very few people would have predicted that Donald Trump would become US President. We might also have anticipated that George Osborne would still be controlling the purse strings, and that ‘Remain’ had won the day in the Referendum.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
Much has been said about HM Revenue & Customs’ plans to bring the way they collect tax information up to date by embracing technology. The changes, referred to as Making Tax Digital, are being billed by HMRC as a “digital revolution” that will “transform the experience of millions of taxpayers”.Read More
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.Read More