Monday, 10 September 2018
Larking Gowen is delighted to welcome personal tax specialist, Sally Farrow, as head of its Personal Tax team in Norwich. Sally, who is a Chartered Tax Advisor and member of the Society of Trust and Estate Practitioners, originally trained with Larking Gowen, and now returns as Senior Tax Manager, after a number of years with a national accountancy firm.
Thursday, 06 September 2018
HM Revenue & Customs (HMRC) have taken to highlighting their recent success rate in court actions and litigation in warning letters to taxpayers, deterring them from letting the case reach court. This has led to more and more taxpayers settling up with HMRC to avoid lengthy and expensive court cases.
Tuesday, 04 September 2018
Bury St Edmunds and Beyond, the official tourism brand for Bury St Edmunds and surrounding area, are inviting tourism and business professionals to come along to meet their members which include accommodation providers, visitor attractions, food and drink providers, plus partners they are working with to promote the area.
Friday, 31 August 2018
Communication in the workplace has changed and video conferencing, skype, laptops and mobile phones have made flexible working the new normal. It isn’t at all unusual for employees to work from home using their existing personal phone and internet connections for business. So, is it possible for employers to reimburse them for any extra costs?
Monday, 20 August 2018
Have you noticed that a number of legal firms are changing or talking about changing their structure and have you wondered why? From the conversations we’ve had with legal firms, there seem to be several reasons.
Monday, 06 August 2018
The Insolvency Service have released the latest data on company and individual insolvency numbers in England & Wales. The statistics cover the period from April to June 2018 (Q2 2018).
Monday, 06 August 2018
Place yourself in a buyer’s shoes; what aspects of your business really stand out and make it attractive for them to buy? It could be such things as intellectual property, product or service benefits, locations, brand and reputation, price point, market knowledge and customer service levels.
Friday, 03 August 2018
East Anglian accountants and business advisors, Larking Gowen, has been shortlisted in the Best Rural Professional Services category of the Rural Business Awards for the eastern region.
Monday, 23 July 2018
HM Revenue & Customs’ (HMRC) Executive Chairman Edward Troup has warned taxpayers that HMRC will not compromise when taking legal action against them.
Friday, 20 July 2018
The Experian Mergers & Acquisitions (M&A) report for the first 6 months of 2018 ranked Larking Gowen’s Corporate Finance team joint first in the region.
Wednesday, 11 July 2018
If you’re compulsorily VAT registered, from 1 April 2019, your business must comply with new Making Tax Digital for VAT rules or potentially face fines of up to 15% of your annual VAT bill under the default surcharge regime.
Read on to find out what you should be doing now to prepare for the transition.
Tuesday, 10 July 2018
From April 2017, there were significant changes to the tax relief you can get for mortgage interest on property lettings.
What are the changes and how will they affect landlords? Read our blog to find out.
Saturday, 07 July 2018
The 23rd Lord Mayor’s 5K City Centre Classic Road Race took place in Norwich this weekend, with a record-breaking number of participants. Sponsored for the first time by chartered accountants, Larking Gowen, the race was set up in 1996, and has a reputation as one of the toughest on the UK race circuit, attracting top athletes from the county, and around the UK.
Thursday, 05 July 2018
I’m sure you’ve all heard of the Government’s plans for Making Tax Digital (MTD) but do you know the implications for you? I suspect that many small businesses are painfully unaware of how MTD might impact on their business administration in the foreseeable future.
Thursday, 21 June 2018
HMRC are introducing a new legal ‘requirement to correct’ undeclared UK tax liabilities on offshore matters or transfers by 30 September 2018. If you have something to declare to HMRC then don’t wait. Act on it now by either getting in contact with us, or getting in contact with HMRC directly.
Monday, 18 June 2018
Capital gains tax (CGT) gets reported on your self-assessment tax return for the year. The filing deadline and due date for payment is 31 January following the end of the tax year. So, with the deadline following standard self-assessment procedures, why are so many non-residents being hit with late filing penalties?
Thursday, 17 May 2018
For many years farm business owners have enjoyed a regime of capital taxes that have been extremely helpful in terms of planning for family succession. Wealth is largely protected on death with holdover relief to defer capital gains tax (CGT) to allow lifetime gifts to be made, or 100% relief for agricultural property and business property.
Wednesday, 09 May 2018
There are many sayings about managing cash in a business – “cash is king” and “turnover is vanity; profit is sanity; cash is reality” to name but two. With many farms and estates diversifying their businesses, how can you be sure which part of the business is contributing to the cash inflow?
Wednesday, 25 April 2018
Recent research found that only 25% of law firms believed they were in compliance with the new General Data Protection Regulation (GDPR) that comes into force on 25 May 2018. What should law firms be doing?
Friday, 13 April 2018
It’s not unusual for buyers to identify specific sellers and make offers. This is known as an off-market approach. It is often flattering for a seller, who may have not been thinking about a sale but is intrigued to explore it further.
Thursday, 05 April 2018
In February the Government published a consultation document entitled “Health and harmony: the future for food, farming and the environment in a Green Brexit.” The document runs to 64 pages and sets out possible options for the future of UK farming over the next generation. It should be regarded as compulsory reading (The NFU have produced a more manageable 14-page summary).
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