Tuesday, 04 April 2017

Blog - Benefits of using a corporate finance team

While business owners are experts in running their businesses, the sale or acquisition of a company is a complex, strategic, financial and legal process that should not be underestimated. For such a crucial financial transaction, it is always best pursued with highly skilled financial and legal professionals by your side.


Monday, 03 April 2017

Charity reserves: building financial resilience

There has been a significant change in the focus of the Charity Commission’s guidance on reserves (CC19 – revised in 2016). The new key messages include underlying steer towards keeping reserves to address risks of ‘unplanned closures’ and to plan for the maintenance of essential services.


Friday, 31 March 2017

National insurance contributions and working overseas

There are proposed changes to the national insurance system which will impact on a number of people, and in particular those who have left the UK to work overseas. The proposal is that Class 2 national insurance contributions (NIC) will be abolished. 


Wednesday, 29 March 2017

Dividend Surprise

There has been much commentary in the last week or so concerning the reduction in the Dividend Allowance. This follows the Chancellor’s surprise announcement in the Spring Budget that this would be reduced to £2,000 from April 2018.

Press Release

Monday, 27 March 2017

Larking Gowen celebrates with a fond farewell to two of Larking Gowen’s longest term Partners as they also announce a new chairman

MHA Larking Gowen celebrates with a fond farewell to two of MHA Larking Gowen's longest term Partners as they also announce a new chairman.


Thursday, 23 March 2017

Meet the Team - James Lay MHA Larking Gowen Corporate Finance Partner

Get to know our team better! Every few months we will bring you a snapshot of one of our team members. This month we feature Corporate Finance Partner, James Lay. James has been with MHA Larking Gowen for nearly 20 years – one of many long-standing figures within the firm.


Wednesday, 22 March 2017

Tying the knot with your business

Glenn Matthews has been working with new businesses for the best part of five years at MHA Larking Gowen, and having married last year, it struck him how similar the two things can be.


Tuesday, 21 March 2017

Charities’ management accounts: what do they need to show?

Consider a charity which delivers services that are funded through a blend of contracts and grant income. To comply with the Charity Statement of Recommended Practice (SORP), the year end accounts need to recognise income from service contracts to the extent that the service had been delivered, whereas grant income would generally be recognised at the point that the grant was receivable.


Monday, 20 March 2017

Making Tax Digital – charities exempt but trading subsidiaries will be affected

The Government has confirmed that it will introduce legislation to exempt charities from all but the VAT requirements of Making Tax Digital. This is welcome and will protect smaller charities and those with limited digital capability.


Thursday, 16 March 2017

Services to academies and free schools

Our specialist team will support you throughout the process of converting to academy status and beyond. We will guide you through the complexities of forming a multi academy trust and, once established, we will offer ongoing support.


Tuesday, 14 March 2017

Farmhouse Bed & Breakfast – Increased rent-a-room allowance

Running a Bed & Breakfast business from your farmhouse can introduce some diversified income into the family and make use of some unused bedrooms.

Such an enterprise can also be tax-efficient. A farmhouse Bed & Breakfast business qualifies for the rent-a-room allowance, which has increased to £7,500 per annum from 6 April 2016. The allowance is halved if you share the income with your partner or someone else.


Thursday, 09 March 2017

Budget 2017 – What it means for the Not for Profit Sector

With the vast majority of measures already being announced, and with very few sector specific announcements, there were no real surprises for the Not for Profit (NFP) sector in the 2017 Spring Budget. Read more to find out what changes were made and how this will affect you. 


Monday, 06 March 2017

Big Brother is watching you

The latest organisation to harness the power of the internet is HM Revenue & Customs (HMRC), who have spent several years and a significant amount of money on systems designed to identify those who may have paid too little tax. Leading up to the latest tax return filing deadline of 31 January 2017, the system was fully deployed for the first time.


Friday, 03 March 2017

New ‘Transactions in Land’ legislation

After months of waiting and a lot of speculation, HMRC have finally published their guidance on property development tax and the new ‘transactions in land’ legislation that was introduced in the Finance Act 2016.


Tuesday, 21 February 2017

New tax allowances for micro-entrepreneurs

From April 2017 taxpayers will be able to take advantage of two new allowances, aimed at reducing the burden (of both tax and administration) for those making small amounts of money. HM Revenue & Customs (HMRC) refer to this group of taxpayers as ‘micro-entrepreneurs’.


Tuesday, 21 February 2017

Helping new businesses to network

At MHA Larking Gowen we help new businesses start up and flourish by being there to support them and by providing practical business advice. We also help to arrange networking events for new businesses so that they get to meet with likeminded entrepreneurs and other businesses at the start of their journey in order to share experiences and advice.


Monday, 20 February 2017

BLOG - Helpful tips when buying a business

Some of you will be well versed in the process of buying a business, but even the most experienced acquirer can still need a helping hand from a third party to offer a more independent and objective view.

Press Release

Wednesday, 15 February 2017

Larking Gowen accountant finishes top of global class of 5,000

Congratulations to Lauren Day, who has been awarded the ACCA (Association of Chartered Certified Accountants) Gold Medal for the highest global score attained over the final tier of five professional exams.


Friday, 10 February 2017

How effective is finance reporting to your charity board?

With MHA, we have created Keeping Your Charity on the Right Track, a 12 month programme to help you improve your organisational governance in a stepped and measured way.  Each month’s article covers an area of charity governance for review and leads you through good practice.


Monday, 06 February 2017

Why should you stress test your business?

We often hear that the banks are being stress tested to determine their ongoing viability. Do you just assume that this is ‘economics’ that goes way over our heads? Actually, we can apply similar principles to all types of business.


Friday, 03 February 2017

How effective is your charity board?

To be effective, charity board members must fully understand their role. This includes what they should be involved in, where the boundaries are and when they should delegate to allow management the space to run the organisation.


Wednesday, 01 February 2017

Employment FAQs

With the end of the tax year on the horizon, employers are starting to think about the year-end reporting requirements (and if not, perhaps should be) so I thought this the ideal time to share some FAQs.


Tuesday, 24 January 2017

Blog - Picking your management team

When contemplating the sale of your company, an area that will add value is a solid second tier management team. This is essential not only for the purpose of a sale but also for the smooth-running of a growing company. 


Wednesday, 18 January 2017

HMRC’s database increases risk of tax investigation

Over 80% of all tax investigations undertaken by HMRC now follow potential leads generated by its £45 million database system, Connect, according to recent reports. The new reliance on automated systems to identify targets means that taxpayers could face an increased risk of investigation, simply for having their name thrown up by HMRC algorithms.


Friday, 13 January 2017

VAT on search fees

When acting for a potential buyer in respect of a property purchase, it is normal for a solicitor to engage with a third party to conduct searches. These will determine whether any restrictions apply over the property, and provide other relevant information of interest to the buyer.


Friday, 13 January 2017

Making Tax Digital for motor dealers

As we enter another new year, thoughts turn to what the future will hold. For HM Revenue & Customs (HMRC) the future is a digital revolution to fundamentally change the way that tax information is collected. These changes are being referred to ‘Making Tax Digital’ (MTD).


Friday, 13 January 2017

Blog - Corporate business transactions on the rise in East Anglia

According to a report released this week, the value of business transactions in the East of England rose significantly from £26.2bn in 2015 to £40bn in 2016. The level of merger and acquisition activity in the UK has held up well despite a turbulent year, according to the new figures announced by Experian MarketIQ(1).

Press Release

Thursday, 12 January 2017

MHA Larking Gowen and Macmillan take a look back at what they have achieved through the Larking Gowen Half Marathon series

MHA Larking Gowen’s sponsorship of the City of Norwich Half Marathon and the Ipswich Half Marathon has led to a collaboration between the East Anglian accountancy firm and Macmillan cancer research.


Thursday, 22 December 2016

Blog - Effect of Brexit on business sales now and in the future

Following the Brexit vote, which came as a shock to many politicians and poll analysts, it is interesting to see what impact it had in the business world. At the time of writing, the value of businesses in the FTSE 100 have increased by 11.1%and in the FTSE 250 by 5.2%since the Brexit vote

Press Release

Tuesday, 29 November 2016

MHA Larking Gowen celebrates as staff member hits £50,000 charity target

MHA Larking Gowen is celebrating as receptionist, Sharon Moore, from its Fakenham office, has reached a milestone in raising money for the Cystic Fibrosis Trust. Sharon has spent the last 16 years raising money for the Trust and has hit her target of raising £50,000 – four years early! Sharon, who started supporting the charity when her cousin who was born with the disease turned 18, has no plans to stop fundraising.


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