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Wednesday, 25 March 2020

COVID 19: what if your company cannot file accounts with Companies House on time?

If COVID-19 has affected your company and you need more time to file your accounts at Companies House, you can apply for an extension.

News

Monday, 23 March 2020

A message from Larking Gowen on COVID-19

Our people and clients' health and safety are paramount, therefore, in accordance with government recommendations on implementing social distancing, we have taken the decision to close our offices to visitors. Our people will now be working from home and our offices will be closed from 5pm on Monday 23 March

Blog

Friday, 20 March 2020

How Cloud Accounting can help with your Business Continuity Planning

During uncertain times it’s essential that business owners can keep track of their business’s financial performance in order to instil stability and minimise disruption.

Blog

Friday, 20 March 2020

5 Tips to manage COVI​D-19 anxiety

There’s no doubt about it, the COVID-19 pandemic is deeply concerning for everyone. And it is everyone! Other than World Wars, it’s difficult to think of anything which has or ever will affect so many of us across the world simultaneously. 

Blog

Wednesday, 18 March 2020

IR35 reforms deferred

It was announced yesterday evening that the IR35 reforms, due to be brought in next month, will be deferred for a year. These reforms related to medium and large businesses that engage workers through intermediaries (typically personal service companies). IR35 reforms will now be deferred until 6 April 2021.

Blog

Monday, 16 March 2020

Offshore trusts and UK inheritance tax: A case study

If you’re a trustee of an offshore trust or receive a payment from an offshore trust, you may think you don’t need to pay UK inheritance tax (IHT). However, in certain circumstances, inheritance tax is due. We recently advised the trustees of an offshore discretionary trust about their UK inheritance tax obligations.

Blog

Thursday, 12 March 2020

Budget news – entrepreneur’s relief

Following the release of the Budget (11 March 2020) the main headline that had business owners and professionals within M&A waiting with baited breath, finally hit.

Blog

Thursday, 12 March 2020

2020 - a Budget for farmers

After decades of watching Budget presentations which ended with a the “sting in the tail” one almost felt that Rishi Sunak must have lost the back page of his speech whilst on the way to the despatch box.

News

Thursday, 12 March 2020

Spring Budget 2020 Summary

The chancellor delivered his budget speech yesterday and what a speech it was!  There were tax freezes, new surcharges, threshold amendments, brilliant one liners and more.

Blog

Wednesday, 11 March 2020

Budget 2020 – an increase to the annual allowance

This afternoon, Rishi Sanuk, the Chancellor of the Exchequer delivered his first Budget. There was lots on insightful content, of which our tax experts will give their thoughts on tomorrow during our budget Review Webinar, but I wanted to highlight an announcement that affects the medical sector about the annual allowance threshold. 

Blog

Tuesday, 10 March 2020

How will changes to IR35 affect the automotive sector?

The changes to IR35 from 6 April 2020 will have widespread application across many industries, including the automotive sector. The affected industries are those that rely on engaging temporary workers either directly or via agencies.

News

Saturday, 07 March 2020

International Women’s Day - Julie Grimmer - Keep an Open Mind and Don’t Limit Yourself

Larking Gowen Partner, Julie Grimmer, heads the not-for-profit and education practice, joining the firm as a trainee in 1984. She was promoted to manager, then senior manager and had two periods of maternity leave, becoming the firm’s second female partner in 2006.

News

Friday, 06 March 2020

International Women’s Day - Amanda Ninham - Ask Questions and Drive Change

Amanda Ninham has a wide remit as Larking Gowen head of human resources. She joined the firm four years ago, and has been instrumental in our award-winning approach to employee engagement.

News

Thursday, 05 March 2020

International Women’s Day - Lizzy Lloyd - A Change in Work Culture

Larking Gowen Partner, Lizzy Lloyd, heads the medical accountancy team in the south of the region, and has overall responsibility for the firm’s IT strategy.

Blog

Wednesday, 04 March 2020

Making Tax Digital – are your digital links in order?

The many businesses who started submitting quarterly VAT returns from 1 April 2019 are approaching the first anniversary of Making Tax Digital for VAT. You’ve no doubt got to grips with the process now.

News

Wednesday, 04 March 2020

International Women’s Day - Becky Ames - Stand Tall and Be Bold

Larking Gowen Partner, Becky Ames, leads the Business and Private team based in Suffolk, advising owner-managed businesses on all aspects of accounting and tax, and developing her team to help them achieve their ambitions

News

Tuesday, 03 March 2020

International Women’s Day - Kerry-Anne Lyme

To mark International Women’s Day on 8 March, five women from across Larking Gowen reflect on their careers.

News

Wednesday, 26 February 2020

Only 9% of probate applications issued within Government target

Latest figures, from the Ministry of Justice, confirm that only 9% of Grants of Probate, in the last nine months, have been issued within the Government’s target of ten working-days. The average time for Grants to be issued fell from ten weeks over the summer to eight weeks in December, including those which were returned due to errors or omissions on the applications.

Blog

Tuesday, 25 February 2020

Budget 2020 predictions: Fact or fiction?

On Wednesday 11 March 2020, Rishi Sunak will deliver his first Budget for the new Boris Johnson Conservative Government. This will be the first Budget since Philip Hammond’s on 29 October 2018 and as usual, the rumour mill has swung into action over what will be included.

Blog

Monday, 24 February 2020

Agricultural Property Relief on farmhouses

If farmers collaborate, such as sharing land, or reduce their activity as they grow older, is their farmhouse eligible for Agricultural Property Relief (APR)? A recent farmhouse case may provide the answer.

Blog

Thursday, 20 February 2020

Proposed reform of inheritance tax

The All-Party Parliamentary Group for Inheritance & Intergenerational Fairness recently issued a report suggesting a far-reaching reform of inheritance tax (IHT). These reforms are likely to have an impact on the tax affairs of most UK individuals and trusts.

Blog

Wednesday, 19 February 2020

All change for Agricultural Tenancies? – Not Just Yet

Following the issue of a consultation paper on proposed changes to the legislation governing agricultural tenancies in April 2019, the Government has taken the opportunity of incorporating some (but by no means all) of the recommended reforms into Schedule 3 of the Agriculture Bill. 

Blog

Friday, 14 February 2020

VAT after Brexit

As the UK leaves the EU and enters a transitional period, we also move a step closer to being able to rewrite VAT exemptions and reliefs without having to follow overarching EU VAT legislation.

Blog

Friday, 14 February 2020

The value of development land

There’s a common misconception that where land has the prospect of planning gain, some or all of that gain may be sheltered by a transfer to a third party, even towards the end of the process. 

Blog

Wednesday, 12 February 2020

Are farmers’ grain stores eligible for tax relief?

The question of tax relief on farmers’ grain stores has puzzled practitioners for some years. The structures and buildings allowance may now be available for new buildings, but relief is limited to 2% a year. Agriculture plant and machinery allowances can provide up to 100% tax relief within the annual investment allowance, but buildings generally are not eligible.

News

Tuesday, 11 February 2020

News - Larking Gowen Assists Salix River & Wetland Services Limited in sale to RSK

We are pleased to announce that Larking Gowen has acted for the shareholders of Salix River & Wetland Services Limited (“Salix”) on the sale of the company to RSK Environmental Ltd (“RSK”).  

Blog

Thursday, 06 February 2020

The April 2020 IR35 Reforms: where are we now?

We’ve been seeing a lot of negative press around the IR35 reforms, most recently with yesterday’s announcement that the House of Lords Finance Bill Sub-Committee has started an inquiry into off-payroll working rules. Many commentators are suggesting that the reforms should be delayed if not scrapped completely.

News

Wednesday, 05 February 2020

Latest Insolvency stats Q4

Partner, Andrew Kelsall, comments on the latest Insolvency Statistics that were released by the Insolvency Service on 30 January 2020, covering the 4th quarter of 2019. 

Blog

Friday, 31 January 2020

Solicitors’ Accounts Rules: Operating a client’s own account

Following the introduction of the new Solicitors’ Accounts Rules (SAR) on 25 November 2019, there have been concerns about the requirement of law firms to comply with SAR Rule 10, which covers the operation of a client’s own account.

Blog

Thursday, 23 January 2020

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.

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