Wednesday, 09 January 2019
If your company is involved in research and development (R&D), the Government’s R&D tax credit incentive could provide a valuable source of tax relief. What exactly is R&D, why is the tax relief so beneficial and what costs qualify for this under-utilised tax relief?
Tuesday, 18 December 2018
It’s safe to say that most business owners would like more time for themselves and more money from their business. It’s becoming apparent that most businesses can achieve this through the use of digital solutions software and the automation it provides.
Tuesday, 04 December 2018
Let’s face it, selling a business is often the most important deal a business owner will ever be involved with, so it’s vital to get the right support to achieve a successful outcome.
Monday, 03 December 2018
We're proud to be named as national runner up for the British Chambers of Commerce Workplace Wellbeing Award. The 15th Annual Chamber Business Awards took place on 28 November 2018 at a gala dinner at Tobacco Dock in London.
Friday, 30 November 2018
Larking Gowen was one of nine ‘Early Bird Herd’ firms challenged to raise £3,500 by January 2019, as part of next year’s Elmer’s Big Parade Suffolk in aid of St Elizabeth Hospice. We can announce today that we’ve smashed that target, raising over £4,700, and well before the deadline.
Friday, 30 November 2018
HMRC’s annual report shows that real cash collected from investigations has fallen from £10.34 billion in 2016/17 to £10.33 billion in 2017/18.
Thursday, 29 November 2018
Staff at Larking Gowen have raised almost £2000 for charity, at their Big Night Out 2018. The money has been donated to East Anglian Air Ambulance, whose air crews, rapid response vehicles, and paramedics were called out 2,725 times last year.
Monday, 26 November 2018
Larking Gowen Corporate Finance remain top of the league and have been ranked joint first in the latest report from Experian Mergers & Acquisitions (M&A). The team have advised on twelve deals for the East of England making them one of two firms ranked as the most active financial advisors in the East of England.
Friday, 23 November 2018
Larking Gowen has joined businesses across the region to support ‘Inspiring Women’ – an initiative by the East Anglian Daily Times to honour 100 inspirational Suffolk women, as part of celebrations marking 100 years of votes for women.
Friday, 16 November 2018
New rules on pricing transparency for solicitors have been published, and come into effect on 6 December 2018. The rules have been put in place following recommendations from the Competition and Markets Authority. Firms that fail to meet the requirements could face disciplinary action.
Friday, 09 November 2018
Larking Gowen LLP is delighted with the announcement that Norfolk ProHelp has secured significant funding, as well as new sponsorship. Norfolk ProHelp provides free professional and strategic advice to charities and community interest groups throughout Norfolk. Julie Grimmer, Partner at Larking Gowen LLP, acts as voluntary Chair for the organisation.
Thursday, 08 November 2018
New data shows that HMRC’s tax take has been bolstered by more successful investigations into individuals and SMEs. The investigation units that focus on those small businesses and individuals collected £16 extra in taxes for every £1 spent on their investigatory staff in 2016/17, up on the £15 collected the year before.
Monday, 05 November 2018
Rotarian John Button of the Ipswich East Rotary Club (pictured on the right in photo above) has received the award of Event Organiser of the Year from Community Action Suffolk. Community Action Suffolk champions community action in Suffolk by supporting the voluntary, community and social enterprise sector in its work
Monday, 05 November 2018
When it comes to personal tax, there are always issues that get us accountants excited (well relatively!). Three current hot topics are: Claiming for tax deduction of clothing, Making Tax Digital (MTD) and VAT campaign reduce the VAT rate in the hospitality and tourism industries.
Friday, 26 October 2018
Given the current political situation and the furore caused by the removal of the Business Asset Taper Relief (BATR) in 2008, it may be a surprise if Capital Gains Tax Entrepreneurs’ Relief (ER) is abolished next week. However, don’t rule out some tinkering with the existing rules.
Wednesday, 24 October 2018
We previously reported that from 1 April 2019, VAT registered businesses with a turnover above the VAT registration threshold (currently £85,000) will be required to keep digital records, and submit their VAT returns via the Making Tax Digital for Businesses (MTDfB) system.
Thursday, 11 October 2018
Changes have been introduced to the annual allowance for pension contributions. This change has had significant impact on medical practitioners who are contributing to the NHS scheme.
Tuesday, 09 October 2018
I hadn’t given it much thought until last year but, up until about 2011, the Default Retirement Age (DRA) was 65 for men and 60 for women. The ending of the DRA, and the requirement for age equality, has had a significant impact on older workers. The exception is for those lucky enough to be able to retire early due to having a significant pension pot!
Friday, 05 October 2018
Like many businesses, you’ve been filing your VAT returns online and have kept your records in line with HMRC requirements. However, HMRC are changing those requirements and introducing Making Tax Digital (MTD).
Monday, 01 October 2018
HM Revenue & Customs (HMRC) collected £832 million in extra tax through investigations into inheritance tax, charitable donations and trusts last year. This shows how HMRC are approaching non-compliance from all possible angles and, as a result, almost all taxpayers are at risk of investigation from the taxman.
Tuesday, 25 September 2018
The scenario is a common one: Mr Smith owns some rental properties. During a tax year he wanted to buy a new home for himself. He raised the funds by remortgaging one of his rental properties. The interest charged on the new loan was claimed as a deduction against his rental income.
Monday, 24 September 2018
As another season of Solicitors Accounts Rules (SAR) audits draws to a close, I’ve observed some trends and key problem areas that keep cropping up. In this blog and my next, I’ll discuss how to avoid or overcome these common problems.
Monday, 24 September 2018
East Anglian based chartered accountants, Larking Gowen, is proud to be announced regional winner of the Workplace Wellbeing Award in the British Chamber of Commerce ‘Chamber Business Awards 2018’, it has been announced today.
Tuesday, 18 September 2018
HMRC recently held a consultation requesting views on the proposed introduction of a reverse charge mechanism to combat VAT fraud in the construction sector. Following its conclusion and analysis of feedback, HMRC have published draft legislation in the form of a Statutory Instrument, which will become section 55A of the VAT Act 1994 with effect 1 October 2019.
Monday, 17 September 2018
Eight runners from MHA Larking Gowen entered the Great East Half Marathon, which took place in Ipswich on Sunday.
The dedicated team ran the gruelling course raising money for Elmer’s Big Parade Suffolk in aid of St Elizabeth Hospice, which supports people with a progressive or terminal illness.
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