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.


Friday, 08 December 2017

Our services

For a full list of the services we offer and how we can help, download our 'our services' brochure. 


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.


Thursday, 23 November 2017

Autumn Budget summary 2017 brochure

How will the Budget affect you?

This booklet summarises the important changes; but how these affect you, or your business, depends on your circumstances – which are specific to you.


Thursday, 23 November 2017

Autumn Budget webinar recording

Did you miss our autumn Budget webinar, where our tax experts shared their understanding of Budget announcement from Phillip Hammond on Wednesday 23 November?

Click on the button below to view the recording of our webinar. 


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.

The report has even prompted rumours that the Chancellor of the Exchequer is due to decrease the limit to as little as £20,000 in tomorrow’s Budget.


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. 

Tina Barton, specialist in personal tax issues, discusses HMRC’s online guidance “Do you need to complete a tax return?” and answers the question of whether a tax return is required.


Thursday, 09 November 2017

Rizikon - cyber-risk analysis tool

A 2017 UK government survey indicated that 46% of all UK businesses had suffered a cyber security attack or data breach in the previous year. Furthermore, 60% of those businesses stated that the attacks had adversely affected their businesses.

If you include businesses that were unaware of breaches and attacks, this adds up to a very real threat to all businesses and organisations that cannot be ignored. 


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. 

Press Release

Tuesday, 07 November 2017

130 year old accountancy firm set sights on the future

Well known regional professional services firm Larking Gowen Chartered Accountants launched their new brand to the outside world on Monday 6 November.

Press Release

Monday, 06 November 2017

New Partner joins chartered accountants Larking Gowen as regional firm continues its expansion

Larking Gowen is delighted to announce that it has appointed Anders Rasmussen as a new Partner joining their corporate team on Monday 6 November.

Former Corporate Partner for Grant Thornton, Mr Rasmussen was born and educated in Norfolk and attended the University of Birmingham. He joined the Norwich practice of KPMG in 1988 and then moved to Grant Thornton in 2000.


Monday, 06 November 2017

Tax Fee Protection Service

The Government is faced with unprecedented levels of deficit. As it works to fill a public finance black hole, it has allocated significant resource to HMRC to yield increased tax revenue by carrying out compliance checks.


Monday, 16 October 2017

Cyber security – What can you do?

There’s no doubt that cyber security is a significant threat to all charities. Despite this, a typical charity only spends a quarter of what a similar size business would spend on cyber security. A successful cyber-attack can leave a charity open to blackmail and ransom demands and can result in financial losses and reputational damage. However, some of the essential protections that can be put in place are neither expensive nor complicated.


Friday, 13 October 2017

Calculating holiday pay

Calculating holiday pay used to be a fairly simple calculation, based on the hours and rates as set out in the employment contract. However, a recent employment tribunal decision in Dudley Metropolitan Borough Council v Willetts held that voluntary overtime can amount to ‘normal remuneration’ for the purposes of calculating holiday pay. This will mean an increase in the complexity of the calculation and the payments due.


Wednesday, 11 October 2017

Norfolk Youth Awards 2018

We are very pleased to be sponsoring the Entrepreneur Award at the Norfolk Youth Awards, which will be held in February by Open Youth Trust. These awards are designed to highlight young people’s astonishing achievements and to give them the recognition and encouragement they deserve.


Tuesday, 10 October 2017

Casual wages for beaters on shoots

Running a shoot can be very enjoyable, although it does come with a number of pressures. Making sure that there is enough healthy game and praying for the right weather conditions are just a couple of worries faced, and then there are the financial commitments…


Monday, 18 September 2017

Plan to reach your business goals

Summer seems to go by quicker every year, and it’s hard to believe that the children have already been back at school for a couple of weeks. Now they’re rested they can continue their journey to fulfilling their potential, and it could be the same for your business.


Friday, 15 September 2017

Reducing the risk of fraud

The Charity Commission has highlighted concerns over the level of fraud and mismanagement in the charity sector.

Trustees have overall responsibility for governance and for safeguarding the charity’s assets. Trustees should therefore be alert to fraud, understand what it is and how it may affect the organisation.


Thursday, 14 September 2017

2017/18 MHA Manufacturing and Engineering Survey Report is now available

73% of businesses in East Anglia experienced growth in 2016, up from 66% of sampled businesses seeing growth in 2015. The outlook for 2017/18 remains optimistic, with 84% of respondents in the region predicting growth of some kind for their business and 22% expecting this growth to be in excess of 10%. Naturally, there remains a nervousness surrounding the outcome of ongoing Brexit negotiations and how these will impact UK businesses.


Wednesday, 06 September 2017

Does your charity regularly review its internal controls?

What are internal controls and why are they important?

Trustees have a duty to safeguard charity assets and to make sure resources are used wisely. A good system of internal controls is key to this. Sound internal controls can reduce the risk of loss through theft, fraud, bad decisions or error.


Tuesday, 05 September 2017

Wellbeing in the workplace

At Larking Gowen we have over 300 employees across nine locations and ensuring their mental wellbeing is a very important part of our core values.

We are training managers to support staff and identify any issues that may arise in their day- to-day lives that affect their wellbeing. All of our staff have access to a confidential, free, 24 hour support helpline covering many different services including mental health issues, family issues, gambling, financial pressures, stress, and housing, to mention just a few.


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