Thursday, 15 February 2018
With charities under increasing public scrutiny, there is added pressure to be seen to be ‘doing the right thing’ by potential donors. The recent high-profile allegations against the Presidents Club have resulted in some charities returning donations received from the Presidents Club Charitable Trust. The Charity Commission has issued a news story on this area called Returning Money to Charities.
Friday, 09 February 2018
The Museums and Galleries Exhibition tax relief (MGETR) is now law and fully in effect. HMRC have updated their guidance so we also know more about how it works.
Tuesday, 06 February 2018
Trustees have a duty to safeguard charity assets and to make sure resources are used wisely. A good system of internal financial controls is key to this. Sound internal financial controls can reduce the risk of loss through theft, fraud, bad decisions or error.
Friday, 02 February 2018
The results have just been released for the levels of business sales in 2017 and, despite a national 5.5% downturn in the number of completed deals, 2017 proved to be another busy year for the Corporate Finance team at MHA Larking Gowen.
Thursday, 01 February 2018
Changes to accounting rules – will your charity need a deed of covenant?
Charities with subsidiary companies need to understand changes to accounting rules that were announced by the Financial Reporting Council in December 2017. They may have to create a deed of covenant to allow the accounts to show the gift of that year’s profits from subsidiary to the parent charity.
Monday, 22 January 2018
We are pleased to announce that our 12th annual Tourism and Leisure Business Survey is live.
Now in its 12th year, the annual tourism and leisure business survey asks all business from the tourism, hospitality and leisure sector to join forces and take part.
Monday, 22 January 2018
The EAT Suffolk Food & Drink Awards 2018 are now open for entries! We're proud sponsors of the 'Best Independent Food & Drink Retailer' category. Awards are open for entries until midnight 4 March visit www.suffolkfada.co.uk for more information.
Friday, 19 January 2018
Recognising the work The Charity Commission is undertaking to upskill both trustees and increased standards and governance throughout the sector, we have focused our 2018 publication on trustees.
With MHA we have created 11 Key Steps for Trustees, 1 Giant Leap for Your Charity. Each month we will look at a different issue, month 1 focuses on the recruitment of trustees.
Thursday, 18 January 2018
How can professional firms manage change? Read our blog and access a simple self-assessment matrix to see if your organisation is ready to face change.
Tuesday, 16 January 2018
The UK construction giant Carillion was placed into compulsory liquidation on 15 January 2018, threatening the jobs of more than 43,000 employees worldwide. Could this affect your business?
Monday, 15 January 2018
The aim of a rebrand is to breathe new life into a business or product, but it has to be done with a real focus on strategy.
What is a brand and how can you create a new brand? What unique challenges do small businesses face in developing or updating a brand?
Tuesday, 02 January 2018
There are more and more schemes and scams by fraudsters to get hold of your money. Read on for an example of how your practice could be targeted, which has already worked on other practices in professional services, as well as suggestions on how to improve your security.
Tuesday, 05 December 2017
When the Entry Level Schemes ended in 2014 the replacement Countryside Stewardship arrangements were disappointing. A new and simplified initiative launched at the end of November is therefore welcome. Read more about this scheme and why this is good news for farmers.
Monday, 27 November 2017
Last week the BBC reported on the fall in the number of workers starting apprenticeships and suggested that the Government's apprenticeship levy is to blame for the 59% drop. Read our blog to see how this affected one local business.
Friday, 24 November 2017
With Christmas fast approaching, you may be getting caught up in the spirit of giving and considering how best to make a goodwill gesture. To help I’ve provided a brief summary of the types of gifts you may want to give to your employees and the tax implications.
Wednesday, 22 November 2017
VAT is a complex area for charities and one which is easy to get wrong. Get it wrong and it could result in project underfunding or missed opportunities to claim reliefs.
As charities grow and develop, activities and income streams change. It’s always important to consider the VAT implications of actual and proposed changes.
Tuesday, 21 November 2017
The main topic of discussion following publication of the Office of Tax Simplification’s (OTS) report regarding the future of VAT has been the level of the registration threshold. At present a business must register for VAT when its taxable turnover exceeds £85,000 – the highest in the EU.
Monday, 20 November 2017
One of the most common mistakes a business owner makes when selling their business is announcing it to the staff prematurely. I’m often asked, “When is the right time to tell the staff?"
Tuesday, 14 November 2017
When VAT has been overpaid or under-claimed by a taxpayer and the blame lies with HM Revenue & Customs (HMRC), section 78 of the VAT Act 1994 allows for the payment of interest in order to compensate.
Friday, 10 November 2017
The stubborn insistence by HM Revenue & Customs (HMRC) that all company directors must file a Self Assessment tax return has been a point of discussion in practices for many years.
Tuesday, 07 November 2017
Simple Assessment is HMRC’s latest brainchild intended to remove the burden of completing a Self-Assessment tax return.
From September 2017 HMRC will remove the need for some customers to complete a tax return. To find out more about these changes and how this may affect you read our full blog.
Monday, 06 November 2017
MHA Larking Gowen is delighted to announce that it has appointed Anders Rasmussen as a new Partner joining their corporate team on Monday 6 November.
Monday, 16 October 2017
There’s no doubt that cyber security is a significant threat to all charities. Despite this, a typical charity only spends a quarter of what a similar size business would spend on cyber security. A successful cyber-attack can leave a charity open to blackmail and ransom demands and can result in financial losses and reputational damage.
Friday, 13 October 2017
Calculating holiday pay used to be a fairly simple calculation, based on the hours and rates as set out in the employment contract. However, a recent employment tribunal decision in Dudley Metropolitan Borough Council v Willetts held that voluntary overtime can amount to ‘normal remuneration’ for the purposes of calculating holiday pay.
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