Tuesday, 04 April 2017
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
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
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.
Monday, 27 March 2017
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
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.
Tuesday, 21 March 2017
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
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
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
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
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
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.
Tuesday, 21 February 2017
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
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.
Wednesday, 15 February 2017
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
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
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.
Wednesday, 18 January 2017
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
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
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
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).
Thursday, 12 January 2017
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
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
Tuesday, 29 November 2016
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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