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Wednesday, 09 January 2019

Research and development tax relief – it’s not too late to claim

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?

 

Blog

Monday, 07 January 2019

New Year’s resolutions for your business

If you’re an entrepreneur, you could consider New Year’s resolutions for your business. Here are a few suggestions to think about.

Blog

Tuesday, 18 December 2018

How to grow your business using digital solutions

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.

Blog

Tuesday, 04 December 2018

BLOG - Top 10 reasons to be wary of some business brokers

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.

News

Monday, 03 December 2018

Larking Gowen national runners up in Workplace Wellbeing Award

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.

News

Friday, 30 November 2018

St Elizabeth Hospice fundraising target smashed

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.

Blog

Friday, 30 November 2018

Cash income from HMRC’s investigations falls – forcing more investigations

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.

News

Thursday, 29 November 2018

Almost £2000 raised for the East Anglian Air Ambulance

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.

News

Monday, 26 November 2018

Press release - Continued success for Corporate Finance team

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.

News

Friday, 23 November 2018

Larking Gowen proud sponsors of initiative celebrating 100 of Suffolk’s most inspirational women

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.

Blog

Friday, 16 November 2018

New pricing transparency rules for solicitors – are you ready?

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.

News

Friday, 09 November 2018

Funding boost for Norfolk community and charity sector

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.

Blog

Thursday, 08 November 2018

HMRC spend on tax investigations brings in even higher returns

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.

Blog

Thursday, 08 November 2018

A millennial's take on financial lingo

A recent accountancy survey highlighted that 60% of college and university students can’t explain terms like: ISA, bonds, shorting, hedge funds, index tracker fund and derivatives.

News

Monday, 05 November 2018

Ipswich East member named Event Organiser of the Year

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

Blog

Monday, 05 November 2018

Tax tips

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.

Blog

Thursday, 01 November 2018

Trust registration service – round two!

The trust registration service (TRS) last year caused all sorts of issues. So, we’re disappointed that the scope of the existing Trust Register is to be extended in 2020 by yet another EU directive.

Blog

Monday, 29 October 2018

Solicitors Accounts Rules – overcoming problems

In my recent blog, Solicitors and SAR audits – common problems, I discussed some common problems I’d noticed in this year’s SAR audits. Here, I’ll discuss how to tackle other key issues.

Blog

Friday, 26 October 2018

Possible Budget changes - Capital Gains Tax Entrepreneurs’ Relief

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.

Blog

Wednesday, 24 October 2018

Making Tax Digital – delay for some VAT businesses

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.

Blog

Thursday, 11 October 2018

Pension contribution changes for NHS GPs, hospital doctors and staff

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.

Blog

Tuesday, 09 October 2018

Are you an older worker?

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!

Blog

Friday, 05 October 2018

Do you have the right software package for upcoming HMRC changes?

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).

Blog

Monday, 01 October 2018

HMRC crackdown on underpayment of tax by individuals

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.

Blog

Tuesday, 25 September 2018

Changes to tax rules on remortgaged buy-to-let property

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.

Blog

Monday, 24 September 2018

Solicitors and SAR audits – common problems

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.

News

Monday, 24 September 2018

Larking Gowen regional winner of Workplace Wellbeing Award

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.

Blog

Tuesday, 18 September 2018

VAT domestic reverse charge – how does this affect the construction sector?

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.

News

Monday, 17 September 2018

Larking Gowen Runners raise over £800 for Elmer’s Big Parade Suffolk

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.

Blog

Friday, 14 September 2018

Sale of shares – food for thought

It may seem obvious but selling shares in a company will generate either a gain or a loss, which means you need to think about Capital Gains Tax. Calculating the capital gain on shares sales is very straightforward.

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