Monday, 05 November 2018
When it comes to personal tax, there are always issues that get us accountants excited (well relatively!). Three current hot topics are: Claiming for tax deduction of clothing, Making Tax Digital (MTD) and VAT campaign reduce the VAT rate in the hospitality and tourism industries.
Wednesday, 31 October 2018
Fundraising is difficult, especially with more and more demand on donors’ income. However, there are opportunities; 70% of potential donors indicated they would be more inclined to give to a charity if they knew how their money was directly helping.
Tuesday, 30 October 2018
You may have read a Budget summary and have a good idea of the key policies that are set to affect the UK. However, less reported are the impending changes that will affect the insolvency landscape.
Friday, 26 October 2018
Given the current political situation and the furore caused by the removal of the Business Asset Taper Relief (BATR) in 2008, it may be a surprise if Capital Gains Tax Entrepreneurs’ Relief (ER) is abolished next week. However, don’t rule out some tinkering with the existing rules.
Wednesday, 24 October 2018
We previously reported that from 1 April 2019, VAT registered businesses with a turnover above the VAT registration threshold (currently £85,000) will be required to keep digital records, and submit their VAT returns via the Making Tax Digital for Businesses (MTDfB) system.
Thursday, 18 October 2018
We are proud to announce that the MHA Larking Gowen Corporate Finance team have been shortlisted for two categories in the Insider Central and East Dealmaker Awards 2018; Corporate Finance Advisory Firm of the Year and Deal of the Year (transaction size under £10m).
Thursday, 11 October 2018
Changes have been introduced to the annual allowance for pension contributions. This change has had significant impact on medical practitioners who are contributing to the NHS scheme.
Wednesday, 10 October 2018
I’m coming up for five years at MHA Larking Gowen and one year in the Corporate Finance team. I spent almost eight years at another regional firm where I trained and qualified, and moved to MHA Larking Gowen for the opportunity to manage a portfolio in our business and private team, which I did for four years, before moving to Corporate Finance for a new challenge!
Tuesday, 09 October 2018
I hadn’t given it much thought until last year but, up until about 2011, the Default Retirement Age (DRA) was 65 for men and 60 for women. The ending of the DRA, and the requirement for age equality, has had a significant impact on older workers. The exception is for those lucky enough to be able to retire early due to having a significant pension pot!
Friday, 05 October 2018
Like many businesses, you’ve been filing your VAT returns online and have kept your records in line with HMRC requirements. However, HMRC are changing those requirements and introducing Making Tax Digital (MTD).
Monday, 01 October 2018
HM Revenue & Customs (HMRC) collected £832 million in extra tax through investigations into inheritance tax, charitable donations and trusts last year. This shows how HMRC are approaching non-compliance from all possible angles and, as a result, almost all taxpayers are at risk of investigation from the taxman.
Tuesday, 25 September 2018
The scenario is a common one: Mr Smith owns some rental properties. During a tax year he wanted to buy a new home for himself. He raised the funds by remortgaging one of his rental properties. The interest charged on the new loan was claimed as a deduction against his rental income.
Monday, 24 September 2018
As another season of Solicitors Accounts Rules (SAR) audits draws to a close, I’ve observed some trends and key problem areas that keep cropping up. In this blog and my next, I’ll discuss how to avoid or overcome these common problems.
Monday, 24 September 2018
East Anglian based chartered accountants, MHA Larking Gowen, is proud to be announced regional winner of the Workplace Wellbeing Award in the British Chamber of Commerce ‘Chamber Business Awards 2018’, it has been announced today.
Wednesday, 19 September 2018
As we move into the period of autumn cultivations, and clients continue the search for ways to cut a cost here and there, some will look in the barn, consider the cost of fresh seed, and decide that maybe this year they’ll take some of their own best sample, have it dressed and save a few pounds.
Tuesday, 18 September 2018
HMRC recently held a consultation requesting views on the proposed introduction of a reverse charge mechanism to combat VAT fraud in the construction sector. Following its conclusion and analysis of feedback, HMRC have published draft legislation in the form of a Statutory Instrument, which will become section 55A of the VAT Act 1994 with effect 1 October 2019.
Monday, 17 September 2018
Eight runners from MHA Larking Gowen entered the Great East Half Marathon, which took place in Ipswich on Sunday.
The dedicated team ran the gruelling course raising money for Elmer’s Big Parade Suffolk in aid of St Elizabeth Hospice, which supports people with a progressive or terminal illness.
Friday, 14 September 2018
Is your current business structure still right for you? Circumstances may change so it’s important to review your structure from time to time. In recent years, the driver might well have been saving ‘tax’, which prompted many businesses to become limited companies.
Thursday, 13 September 2018
We are proud to announce that the MHA Larking Gowen Corporate Finance team have been shortlisted for two categories in the Insider Central and East Dealmaker Awards 2018
Wednesday, 12 September 2018
Over recent months, we’ve seen a variety of media reports of tax avoidance and evasion; from global international businesses not appearing to pay their fair share of tax, to celebrities who become involved in “schemes” that promise that no tax will be payable in exchange for a management fee.
Wednesday, 12 September 2018
Teams from 18 local businesses took part in a crazy golf challenge at Ufford Park Hotel in Woodbridge on Tuesday raising over £1,500 in support of Elmer’s Big Parade Suffolk, the next big art trail organised by St Elizabeth Hospice.
Tuesday, 11 September 2018
Chartered accountants and business advisors MHA Larking Gowen has launched a new market-leading benefits package for its people.
Monday, 10 September 2018
MHA 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 MHA Larking Gowen, and now returns as Senior Tax Manager, after a number of years with a national accountancy firm.
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