Insights

Event

Tuesday, 09 October 2018

Autumn Business Breakfast: Growth through our people - Ipswich

Larking Gowen Business Breakfasts are a friendly and informal forum for local business owners. A chance to discuss ideas and gain inspiration from other like-minded people on how to make a business more profitable. The Autumn Business Breakfast will focus on how to grow and build a successful business through our people.

Event

Tuesday, 02 October 2018

Autumn Business Breakfast: Growth through our people - Norwich

Larking Gowen Business Breakfasts are a friendly and informal forum for local business owners. A chance to discuss ideas and gain inspiration from other like-minded people on how to make a business more profitable. The Autumn Business Breakfast will focus on how to grow and build a successful business through our people.   

Blog

Wednesday, 11 July 2018

Is it too soon for lawyers to consider Making Tax Digital for VAT?

If you’re compulsorily VAT registered, from 1 April 2019, your business must comply with new Making Tax Digital for VAT rules or potentially face fines of up to 15% of your annual VAT bill under the default surcharge regime.

Read on to find out what you should be doing now to prepare for the transition.

 

Blog

Tuesday, 10 July 2018

Changes to the tax relief on mortgage interest for landlords

From April 2017, there were significant changes to the tax relief you can get for mortgage interest on property lettings.

What are the changes and how will they affect landlords? Read our blog to find out.

Blog

Monday, 09 July 2018

Charity campaigning, lobbying and political activity

There are some charities that have always embraced campaigning as an important aspect of their work. Others have just started such activities more recently. At a time of funding austerity, campaigning can be a highly effective way for a charity to achieve its charitable aims and protect the rights of their beneficiaries.

Press Release

Saturday, 07 July 2018

Larking Gowen Proud Sponsor of Famous Norwich Road Race

The 23rd Lord Mayor’s 5K City Centre Classic Road Race took place in Norwich this weekend, with a record-breaking number of participants. Sponsored for the first time by chartered accountants, Larking Gowen, the race was set up in 1996, and has a reputation as one of the toughest on the UK race circuit, attracting top athletes from the county, and around the UK.

Blog

Friday, 06 July 2018

The tax consequences of farm diversification

In our recent blog we looked at some of the ways farmers could diversify, such as property rental, tourism activities or contract or organic farming.

This blog will explain some of the possible tax implications of these common diversification methods.

Blog

Thursday, 05 July 2018

Making Tax Digital – what are the implications for you?

I’m sure you’ve all heard of the Government’s plans for Making Tax Digital (MTD) but do you know the implications for you? I suspect that many small businesses are painfully unaware of how MTD might impact on their business administration in the foreseeable future.

Press Release

Thursday, 21 June 2018

Graduation success for Larking Gowen employees

One of Larking Gowen’s core values, ‘Passion for our people’, is the driving force behind the Larking Gowen Leadership Development Programme, which saw participants graduate on Wednesday 20 June. 

Press Release

Thursday, 21 June 2018

AISMA appoints two new board members

The Association of Independent Specialist Medical Accountants (AISMA), the national network of accountancy firms specialising in the healthcare sector, has appointed Jim Duggan and Lizzy Lloyd to its executive board.

Blog

Thursday, 21 June 2018

Total Income From Farming 2017 – good news or bad?

Figures released by DEFRA at the beginning of May showed that Total Income from Farming (TIFF) in the UK is estimated at £5.7 billion. TIFF represents the return to the farmer after paying all expenses and charging depreciation, but without any deduction for proprietors’ wages or any notional rent on owned land. It’s closely akin to the figures shown in the typical set of farm accounts and, since it is based on a calendar year, broadly captures the results of harvest 2017.

Blog

Thursday, 21 June 2018

Offshore tax evasion: HMRC close the net!

HMRC are introducing a new legal ‘requirement to correct’ undeclared UK tax liabilities on offshore matters or transfers by 30 September 2018.  If you have something to declare to HMRC then don’t wait.  Act on it now by either getting in contact with us, or getting in contact with HMRC directly. 

Brochure

Wednesday, 20 June 2018

Making Tax Digital - Tax in the digital age

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

Blog

Tuesday, 19 June 2018

What are the tax implications for trading charities?

Charities are associated with giving, but most also actively trade. Charities have no general exemption from tax and pay some taxes at the same rate as businesses. However, there are specific measures that reduce the burden, especially for tax on profits (corporation tax).

How can charities make sure that the right structures are in place to achieve efficient tax compliance?

Blog

Monday, 18 June 2018

How to avoid late filing penalties on capital gains tax

Capital gains tax (CGT) gets reported on your self-assessment tax return for the year. The filing deadline and due date for payment is 31 January following the end of the tax year. So, with the deadline following standard self-assessment procedures, why are so many non-residents being hit with late filing penalties?

News

Tuesday, 12 June 2018

More high street misery

2018 is proving a very costly year for some major high street shops and brands. The papers reported yesterday that “Poundworld” have entered Administration putting some 350+ stores and over 5000 jobs at risk.

Brochure

Thursday, 07 June 2018

Strategic planning - Achieve your targets

Engage with us to implement a strategic plan that will help to accelerate your growth and profit objectives.

Blog

Wednesday, 06 June 2018

Cryptocurrency

Are you confused and befuddled by the talk of cryptocurrencies? I must say that I am/was definitely confused by the concept, but I have no doubt that the whole idea will develop over the coming years and it will be as normal as Pounds and Euro’s.
 
But what is a cryptocurrency? It is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography.

News

Thursday, 31 May 2018

Manufacturing and Engineering Newsletter – The Engine

The Engine Issue 1 has articles containing information on: becoming the Manufacturing Employer of Choice, Research & Development Tax incentives, succession issues for family owned businesses, company cars and the affect of Brexit on manufacturers that retail directly to customers.

Blog

Tuesday, 29 May 2018

Beware the fraudsters – Part 2

In my previous blog I discussed how a legal firm could fall foul to CEO fraud through information fraudsters can find on social media sites. In this update I’m going to look at another scheme that members in a legal firm can be tricked into.

Blog

Friday, 25 May 2018

Farmers – ever thought about diversifying?

It’s a question I’m sure many farmers ask themselves at some point … should I consider doing something different? If you love farming then I’m sure the answer is a quick and confident no, but should it be?

Blog

Friday, 25 May 2018

2018 Legal Benchmarking Report – How does your firm compare

Our Legal Benchmarking Report reveals a need for firms to focus on organic growth, improving the efficiency and billing processes as the sector faces the end of a three-year period of sustained growth. Read the full report here. 

Blog

Thursday, 17 May 2018

All change for Inheritance Tax reliefs?

For many years farm business owners have enjoyed a regime of capital taxes that have been extremely helpful in terms of planning for family succession. Wealth is largely protected on death with holdover relief to defer capital gains tax (CGT) to allow lifetime gifts to be made, or 100% relief for agricultural property and business property.

Blog

Monday, 14 May 2018

Trustees’ meetings and decision making

Meetings and their documentation are important. The minutes of your considerations and decisions are the evidence on which you’ll be judged as to whether you’ve fulfilled your duties as a trustee. Read our top tips for trustees' meetings. 

Blog

Wednesday, 09 May 2018

Farming businesses: Do you know where your cash goes?

There are many sayings about managing cash in a business – “cash is king” and “turnover is vanity; profit is sanity; cash is reality” to name but two. With many farms and estates diversifying their businesses, how can you be sure which part of the business is contributing to the cash inflow?

Blog

Tuesday, 08 May 2018

Larking Gowen Tourism Survey Results

We recently launched the results of our annual tourism and leisure business survey, which cover all sorts of tourism related businesses in Norfolk, Suffolk and Essex. This includes hotels, sport and leisure, museums, pubs and visitor attractions.

Blog

Monday, 30 April 2018

Investing - what should charities consider?

The decision of how much, when and what to invest in can be a challenging one for trustees. What are a trustee’s responsibilities when making financial investments? What do trustees need to consider?

Blog

Wednesday, 25 April 2018

General Data Protection Regulation – Are you ready?

Recent research found that only 25% of law firms believed they were in compliance with the new General Data Protection Regulation (GDPR) that comes into force on 25 May 2018. What should law firms be doing?

Brochure

Wednesday, 25 April 2018

Tourism and Leisure Business Survey Results 2018

Our 2018 Tourism and Leisure Business Survey was again well supported this year and we would like to thank all of you who have participated in it and all those who have helped to promote it. Download our brochure to read the full results. 

Press Release

Monday, 23 April 2018

Barratt and Cooke race to first place in the Larking Gowen Norwich City Half Marathon Business Challenge

On Sunday 15 April just under 2,000 runners took part in the Larking Gowen City of Norwich Half Marathon.  Fifteen teams entered the Business Challenge, an inter-company ‘best time’ competition held within the main race. Click here to find out the results...

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