Insights

The new Recovery Loan Scheme is now open for applications. James explains who's eligible and how to apply.

Series 2 launches with a real treat – a behind the curtains look at Thursford, famous for its Christmas Spectacular show, weddings and more. A favourite of locals, tourists, and celebrities alike! Chris chats to brothers Charlie (General Manager) and George (Project and Marketing Manager) Cushing.

In this week's episode of Impromptu Business Chat James and Mark share their professional experiences on the key traits of successful family businesses.

Chris Greeves delves into the Government's plans to remove low duty diesel and the repercussions for farming businesses.

Download the Spring 2021 version of AISMA, which includes GMS contract changes, how to handle partnership disputes, GP pension changes, reflections on the Budget  and more! 

Medical accounting specialist, Louise Dean, looks at the Final Pay Control (FPC) and its impact on NHS Scheme members.

This episode can best be summed up by the word’s ‘inspiration’ and ‘perspiration’! James and Mark chat to special guest, and professional adventurer, Freddie Bennett. Listen to how Freddie uses the lessons he’s learnt in life to advise and inspire businesses on how to motivate their teams and embrace change. 

The UK mergers and acquisitions market remains strong with a consistently high volume of deals at the start of 2021.

In his latest blog in the Business Sale Readiness series, James sets out three differentiators of businesses that maximise their profits from those that don’t.

Our Farms and Landed Estates team is bidding farewell to Partners Grant Pilcher and Mark Balfour, who retire on 31 March after a combined tally of more than 60 years of working with the firm.

Larking Gowen has appointed a new partner, Jack Minns, to its Corporate Transactions team based in its Norwich office.

You can catch up on series 1 now, where leaders from the sector discuss lockdown; the reduction of VAT; importance of planning; engaging with Destination Marketing Organisations; wellbeing of teams; the lifeline that was the furlough scheme; and the downturn in retail. Each episode finishes with their top-tip in business, and their message to those looking to get into the sector  ̶  invaluable to all, from budding entrepreneurs to managers and future maître d's!

In the first episode of series four, Mark and James chat about the importance for business owners and their teams to take effective breaks to recharge their batteries.

Partner, Sally Farrow, looks back at Tax Day and gives her summary of the key announcements.

In the final episode of series 1, Chris chats to Richard Turvill. Operating out of Great Yarmouth and Cambridge, Camplings are the region’s leading laundry and linen supplier to the hospitality, food production and leisure sector. Richard and his team had to find ways to pivot and adapt during the last 12 months, and his insights into lockdown, technology, Brexit and business in general are invaluable.

Partner and farms and landed estates specialist, Steve Rudd, highlights the latest details about the Sustainable Farming Incentive.

Our VAT team has been liaising with HMRC who have now issued guidance on applying for a time-limited special method to agree a better way of identifying VAT recovery.

Recently our Legal team hosted a webinar providing insights into the future of the legal profession in light of the COVID-19 pandemic, as well as discussing the SRA rules a year on. John's blog discusses highlights of the webinar and how you can watch a recording.

If you’re looking to sell a residential property in the UK in the near future (which could potentially include your main home) it’s important to consider your exposure to capital gains tax. There are scenarios where you may think your home is exempt from capital gains tax, but that may not be the case.

In a recent Upper Tier appeal the taxpayer was found to have a reasonable excuse against a VAT penalty issued by HMRC. The Tribunal found that after writing to HMRC, the response the taxpayer received was 'not as comprehensive in its answers as it might have been.'

From April 2021, digital links will be a mandatory requirement of the Making Tax Digital legislation for all businesses currently enrolled (or required to be enrolled) for Making Tax Digital. Daniel's blog explains what digital links are and what you need to do to be compliant.

In this week’s episode, Chris chats to Ruth Knight, business owner and former chair of Visit the Broads. This valuable conversation can be summed up into: innovation; implementation; change; and passion for the sector.

The Trusts Register (TRS) was introduced in 2017 and requires trustees who pay Income Tax, Capital Gains Tax, Inheritance Tax, Stamp Duty Land Tax and Stamp Duty Reserve Tax to register their trust online. For those trustees without tax liabilities, no registration has previously been required. However, under the new rules, some trusts will need to register.

The first session in the Business Brunch Trilogy 2021: How to attract, develop and retain great people, was presented by Becky Ames and Graham Mummery. You can watch a recording now.  

HMRC will release guidance soon in respect of businesses proposing a ‘time-limited’ special method to minimise the impact of COVID-19. The special method must be submitted to HMRC before the end of the VAT year so if you have a March year end, there's less than a month to formulate and propose a method to HMRC.

On Budget days, we usually see the publication of consultations and ‘calls for evidence,’ which give us an insight into the Government’s plans for possible future changes. However, this year has been shaped a bit differently by the Government and we now have Tax Day, on 23 March. What tax changes might we expect to see in the future?

Details of the GMS contract for 2021/22 for England have recently been announced. Mel discusses the main financial headlines.

In this week's episode of Impromptu Business Chat, James and Mark chat about the likely challenges businesses will face as lockdown restrictions are eased and hopefully removed as the UK moves targets its "VC Day" on 21 June 2021.

Suffolk Libraries Day – Suffolk Libraries’ annual fundraising event, will take place on Saturday 20 March, and the Not for Profit team at MHA Larking Gowen is thrilled to support the event. It’ll feature some world-renowned international authors, including Bernard Cornwell, Anthony Horowitz, Kathy Reichs and Elly Griffiths.

Ever since the launch of the Health and Harmony consultation early in 2018, the question of the design and financial impact of the proposed Environmental Land Management scheme (ELMS) has been a matter of concern and conjecture for farmers and land managers.