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 MHA 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.
Tuesday, 04 February 2020
Now in its fourteenth year, the annual Tourism, Leisure and Hospitality Business Survey asks all East Anglian based businesses from across the sector to join forces and take part. The survey was launched today by MHA Larking Gowen, Chartered Accountants and Business Advisors, at Roarr! Dinosaur Adventure, Norfolk.
Monday, 03 February 2020
The MHA Manufacturing & Engineering Survey Report, now in its seventh year, is a go-to report when it comes to understanding the sector, its opportunities and challenges.
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.
Friday, 31 January 2020
This year there has already been a certain amount of farming news coming out of Westminster. Firstly, on 9 January we saw the Direct Payments Continuity Bill, which guaranteed that farm subsidy would continue at current levels in 2020.
Friday, 24 January 2020
In my recent blog I looked at some of the ways farmers could diversify, such as property rental, tourism activities, contract farming and organic farming. This blog will explain some of the possible tax implications of these common farm diversification methods.
Thursday, 23 January 2020
It’s clear that currently there’s a lot of merger and acquisition (M&A) activity in the legal sector as we’re seeing increased interest from a number of law firms seeking to acquire B2B with an increasing number of equity partners coming up for retirement. How can law firms ensure smooth succession planning?
Monday, 06 January 2020
The country has spoken and we have chosen Brexit and five years of Conservative government under Boris Johnson. We accountants are now starting to look forward to the next Budget although, at the time of writing, the date hasn’t been published.
Monday, 23 December 2019
Running a shoot can be very enjoyable, although it does come with a number of pressures. Making sure that there’s enough healthy game and praying for the right weather conditions are just a couple of worries, and then there are the financial commitments, such as the Minimum Wage for casual beaters on shoots.
Friday, 20 December 2019
Friday 13 December 2019 is a date which is likely to be remembered for many years. For younger clients it will be the biggest political landslide of a lifetime, and for all it will be seared into the collective memory.
Friday, 20 December 2019
An Information Memorandum is a document shared with parties interested in buying your business. Typically, these parties have already signed a confidentiality agreement, and this is the first time that the identity of your business is revealed.
Tuesday, 17 December 2019
The theme this year is very apt for the current farming climate: Resilience. Our lead article is about a Norfolk farmer at the forefront of drone technology. In line with this, many agricultural businesses don't realise they could qualify for research and development (R&D) relief. Read our R&D article to see if you could qualify for this lucrative tax relief.
Friday, 13 December 2019
For most farms and agriculture businesses, the key announcement of the 2018 Budget wasn’t the change in personal tax rates or allowances (welcome as they were), but the increase in Annual Investment Allowance (AIA) from £200,000 to £1 million for the two years commencing 1 January 2019.
Wednesday, 11 December 2019
When writing last month’s blog, the political world was in a state of flux. I was looking forward to Sajid Javid’s Budget, an orderly Brexit and everything being rosy. At the time of writing, the Labour party has just published its manifesto and the Conservative manifesto is due to be published over the weekend.
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