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.
Friday, 07 September 2018
Larking Gowen are pleased to welcome 17 new trainees for 2018. For over 100 years Larking Gowen have welcomed new trainees to their professional training programmes. With the exception of the War years when the country’s young were recruited for the war effort the firm has consistently trained groups of A Level and University graduates who have gone on to have long and fulfilling careers in the profession.
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?
Wednesday, 29 August 2018
The Larking Gowen City of Norwich Half Marathon has selected East Anglian Air Ambulance as its new charity partner ahead of the next year’s race on April 7th. Now in its 34th year, Norfolk’s biggest road race attracts a field of 3,000
Tuesday, 28 August 2018
In June, Michael Gove announced that the 2018 Agriculture Bill was likely to be presented in July. However, as we now know, this has been delayed until September, presumably with a view to clearing the decks in one area of Brexit as soon as possible
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.
Wednesday, 15 August 2018
Britain’s farmers are generally feeling more optimistic about the future than they did in 2017, according to a survey conducted by MHA, the UK-wide group of accountancy and business advisory firms.
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).
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.
Tuesday, 24 July 2018
Following the conclusion of the “Health and Harmony” consultation the Government will, amongst other minor issues on its agenda, “introduce an Agriculture Bill that breaks from the CAP, providing the United Kingdom with the ability to set out a domestic policy that will stand the test of time.”
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 Transactions 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.
Monday, 09 July 2018
There are some charities that have always embraced campaigning as an important aspect of their work. Others have just started such activities more recently. At a time of funding austerity, campaigning can be a highly effective way for a charity to achieve its charitable aims and protect the rights of their beneficiaries.
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.
Friday, 06 July 2018
In our recent blog we looked at some of the ways farmers could diversify, such as property rental, tourism activities or contract or organic farming.
This blog will explain some of the possible tax implications of these common diversification methods.
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
Figures released by DEFRA at the beginning of May showed that Total Income from Farming (TIFF) in the UK is estimated at £5.7 billion. TIFF represents the return to the farmer after paying all expenses and charging depreciation, but without any deduction for proprietors’ wages or any notional rent on owned land. It’s closely akin to the figures shown in the typical set of farm accounts and, since it is based on a calendar year, broadly captures the results of harvest 2017.
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.
Tuesday, 19 June 2018
Charities are associated with giving, but most also actively trade. Charities have no general exemption from tax and pay some taxes at the same rate as businesses. However, there are specific measures that reduce the burden, especially for tax on profits (corporation tax).
How can charities make sure that the right structures are in place to achieve efficient tax compliance?
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?
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