Wednesday, 25 March 2020
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.
Monday, 23 March 2020
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.
Friday, 20 March 2020
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.
Friday, 20 March 2020
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.
Wednesday, 18 March 2020
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.
Monday, 16 March 2020
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.
Wednesday, 11 March 2020
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.
Tuesday, 10 March 2020
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.
Saturday, 07 March 2020
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.
Friday, 06 March 2020
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.
Thursday, 05 March 2020
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.
Wednesday, 04 March 2020
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.
Wednesday, 04 March 2020
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
Wednesday, 26 February 2020
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.
Tuesday, 25 February 2020
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.
Thursday, 20 February 2020
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.
Wednesday, 19 February 2020
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.
Wednesday, 12 February 2020
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.
Tuesday, 11 February 2020
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”).
Thursday, 06 February 2020
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.
Friday, 31 January 2020
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.
Thursday, 23 January 2020
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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