Tuesday, 06 March 2018

Spring clean your finances

With Christmas a distant memory, and January and February out of the way, we can look forward to spring with renewed optimism. The depressing dark days are behind us and we’ve got over ‘Blue Monday’. What else can we do to brighten the outlook? What do you need to start thinking about in terms of tax affairs?


Monday, 26 February 2018

Financing options for legal firms

Is your firm’s cash under strain? Are you hoping to invest in improvements but don’t have the ready cash? Do you have a retirement looming? What are your options?


Wednesday, 21 February 2018

Time is running out to be a part of the 2018 tourism survey

We are looking for feedback from hundreds of tourism, leisure and hospitality businesses across Norfolk, Suffolk and Essex.


Thursday, 15 February 2018

Should charities ever refuse or return a donation?

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

Clarified guidance for museums and galleries exhibition tax relief

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.


Thursday, 08 February 2018

Important information for farmers

New small grants government initiative announced for farmers – claim window 7 February – 14 March 2018


Tuesday, 06 February 2018

Internal financial controls for charities

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 future is bright for business sales

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

Charity subsidiary profits

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.

Press Release

Monday, 22 January 2018

Tourism, hospitality and leisure business survey 2018 launched

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

EAT Food and Drink Awards 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 for more information.


Friday, 19 January 2018

Finding new trustees

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

Strategic planning for law firms (and others) – 2018-style

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

Carillion liquidation could trigger further insolvencies

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

Rebranding your business

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?


Friday, 05 January 2018

Tax returns: OMG… it’s January!

OMG it’s January and my tax return isn’t done! If you need to submit a tax return for 2016/17, the deadline is 31 January. Miss the deadline and you will receive an automatic penalty of £100. Don't despair though - we can help.


Wednesday, 03 January 2018

Is the Flat Rate Scheme suitable for me?

For many small businesses the Flat Rate Scheme (FRS) can simplify VAT reporting procedures. However, there are potential pitfalls. Read our blog to see if FRS is suitable for you and how to avoid the traps and penalties.


Tuesday, 02 January 2018

Beware the fraudsters

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

Relaunch of Stewardship schemes should be welcomed by farmers

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.


Tuesday, 28 November 2017

Will your job be replaced by automation?

A recent Law Gazette report stated that artificial intelligence and automation will result in 67,000 jobs being replaced by 2038. How will this affect the legal sector?


Monday, 27 November 2017

The new government apprenticeship levy. Are we already seeing its effects?

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

Budget 2017 – the agricultural perspective

Ashley Smith shares a blog from MHA MacIntyre Hudson regarding the impact this week's Budget has had on farms and agriculture.


Friday, 24 November 2017

Christmas gifts – what are the tax implications for employers?

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

Making the most of VAT

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

Walking the VAT registration plank

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

Blog - What do you do when the horse has already bolted?

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

Is HMRC’s award of interest sufficient compensation?

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.


Monday, 13 November 2017

Minimise your risk from fraud

Did you know that a staggering 74% of small and medium businesses have suffered cyber theft or fraud? How well protected are you and your practices?


Friday, 10 November 2017

Do all company directors have to file tax returns?

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?

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. 


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