Insights

Blog

Thursday, 08 February 2018

Important information for farmers

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

Blog

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.

Blog

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.  

Blog

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.

 

News

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 www.suffolkfada.co.uk for more information.

Blog

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.

Blog

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.

Blog

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?

Blog

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?

Blog

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.

Blog

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.

Blog

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.

Brochure

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. 

Blog

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.

Blog

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?

Blog

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.

Blog

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.

Blog

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.

Blog

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.

Blog

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.

Blog

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?"

Blog

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.

Blog

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?

Blog

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. 

Blog

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

Monday, 06 November 2017

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

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

Successes

Wednesday, 25 October 2017

Case study - Economy Car Hire Limited t/a Zest Car Rental

Zest Car Rental is a very successful business providing a high quality service to customers renting cars both in the UK and worldwide.  It has been awarded the Which? Car Hire Broker title for five consecutive years.

Blog

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. 

Blog

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.

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