Insights

Blog

Thursday, 21 June 2018

Offshore tax evasion: HMRC close the net!

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. 

Blog

Tuesday, 19 June 2018

What are the tax implications for trading charities?

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?

Blog

Monday, 18 June 2018

How to avoid late filing penalties on capital gains tax

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?

News

Monday, 18 June 2018

Meet the team - Richard Proctor

Meet the team, Richard proctor. Find out more here.

Blog

Wednesday, 13 June 2018

Blog - Private paying clients supporting the future success of the care sector

Residential care homes and domiciliary care providers both take some of the pressure off the NHS by offering much more complex care solutions across a wider acuity spectrum

News

Tuesday, 12 June 2018

More high street misery

2018 is proving a very costly year for some major high street shops and brands. The papers reported yesterday that “Poundworld” have entered Administration putting some 350+ stores and over 5000 jobs at risk.

Blog

Wednesday, 06 June 2018

Cryptocurrency

Are you confused and befuddled by the talk of cryptocurrencies? I must say that I am/was definitely confused by the concept, but I have no doubt that the whole idea will develop over the coming years and it will be as normal as Pounds and Euro’s.

News

Thursday, 31 May 2018

Manufacturing and Engineering Newsletter – The Engine

The Engine Issue 1 has articles containing information on: becoming the Manufacturing Employer of Choice, Research & Development Tax incentives, succession issues for family owned businesses, company cars and the affect of Brexit on manufacturers that retail directly to customers.

Blog

Tuesday, 29 May 2018

Beware the fraudsters – Part 2

In my previous blog I discussed how a legal firm could fall foul to CEO fraud through information fraudsters can find on social media sites. In this update I’m going to look at another scheme that members in a legal firm can be tricked into.

Blog

Friday, 25 May 2018

Farmers – ever thought about diversifying?

It’s a question I’m sure many farmers ask themselves at some point … should I consider doing something different? If you love farming then I’m sure the answer is a quick and confident no, but should it be?

Blog

Friday, 25 May 2018

2018 Legal Benchmarking Report – How does your firm compare

Our Legal Benchmarking Report reveals a need for firms to focus on organic growth, improving the efficiency and billing processes as the sector faces the end of a three-year period of sustained growth. Read the full report here. 

Blog

Thursday, 17 May 2018

All change for Inheritance Tax reliefs?

For many years farm business owners have enjoyed a regime of capital taxes that have been extremely helpful in terms of planning for family succession. Wealth is largely protected on death with holdover relief to defer capital gains tax (CGT) to allow lifetime gifts to be made, or 100% relief for agricultural property and business property.

Blog

Monday, 14 May 2018

Trustees’ meetings and decision making

Meetings and their documentation are important. The minutes of your considerations and decisions are the evidence on which you’ll be judged as to whether you’ve fulfilled your duties as a trustee. Read our top tips for trustees' meetings. 

Blog

Wednesday, 09 May 2018

Farming businesses: Do you know where your cash goes?

There are many sayings about managing cash in a business – “cash is king” and “turnover is vanity; profit is sanity; cash is reality” to name but two. With many farms and estates diversifying their businesses, how can you be sure which part of the business is contributing to the cash inflow?

Blog

Tuesday, 08 May 2018

MHA Larking Gowen Tourism Survey Results

We recently launched the results of our annual tourism and leisure business survey, which cover all sorts of tourism related businesses in Norfolk, Suffolk and Essex. This includes hotels, sport and leisure, museums, pubs and visitor attractions.

Blog

Monday, 30 April 2018

Investing - what should charities consider?

The decision of how much, when and what to invest in can be a challenging one for trustees. What are a trustee’s responsibilities when making financial investments? What do trustees need to consider?

Blog

Wednesday, 25 April 2018

General Data Protection Regulation – Are you ready?

Recent research found that only 25% of law firms believed they were in compliance with the new General Data Protection Regulation (GDPR) that comes into force on 25 May 2018. What should law firms be doing?

Brochure

Wednesday, 25 April 2018

Tourism and Leisure Business Survey Results 2018

Our 2018 Tourism and Leisure Business Survey was again well supported this year and we would like to thank all of you who have participated in it and all those who have helped to promote it. Download our brochure to read the full results. 

Press Release

Monday, 23 April 2018

Barratt and Cooke race to first place in the MHA Larking Gowen Norwich City Half Marathon Business Challenge

On Sunday 15 April just under 2,000 runners took part in the MHA Larking Gowen City of Norwich Half Marathon.  Fifteen teams entered the Business Challenge, an inter-company ‘best time’ competition held within the main race. Click here to find out the results...

Press Release

Thursday, 19 April 2018

Independent Survey shows East Anglia’s tourism industry shines brightly, against a backdrop of rising costs and longer hours for owners can it be sustained?

Some 300 tourism businesses completed the Tourism and Leisure Business Survey, co-ordinated by MHA Larking Gowen - Chartered Accountants and Business Advisors. The survey enables voices from Norfolk, Suffolk and Essex’s tourism sector to be heard. Read the results here

Blog

Friday, 13 April 2018

Blog - Top 10 common mistakes when selling a business

It’s not unusual for buyers to identify specific sellers and make offers. This is known as an off-market approach. It is often flattering for a seller, who may have not been thinking about a sale but is intrigued to explore it further.

Blog

Thursday, 05 April 2018

The future of UK farming

In February the Government published a consultation document entitled “Health and harmony: the future for food, farming and the environment in a Green Brexit.” The document runs to 64 pages and sets out possible options for the future of UK farming over the next generation. It should be regarded as compulsory reading (The NFU have produced a more manageable 14-page summary).

Blog

Thursday, 05 April 2018

Spring statement 2018

At this time of year, we accountants are usually getting excited by the annual Budget, poring over the small print to make sure our clients aren’t paying too much tax, and hurriedly trying to put things in place before 5 April.

Press Release

Wednesday, 04 April 2018

MHA Larking Gowen join the early bird herd

Chartered accountants MHA Larking Gowen have announced that they have joined Elmer’s Big Parade. The trail of 50 large and 100 small Elmers will hope to raise vital funds for St Elizabeth Hospice and arrives in Ipswich in 2019.

News

Tuesday, 03 April 2018

MHA Larking Gowen LLP

LLP’s have been around for some time now so it begs the question why MHA Larking Gowen has chosen now to convert?

There are three main reasons, read more to find out why. 

Blog

Tuesday, 03 April 2018

Employment tax changes – what employers need to know

As one tax tear ends and another begins, there are employment tax issues that employers need to be thinking about. My previous blog covered reporting requirements for employment related securities. In this blog, I’ll look at some changes in legislation.

Blog

Thursday, 29 March 2018

Are you happy to pay more tax?

I’m guessing that most people’s answer to this is no. However, if you don’t plan to receive your income in the most tax efficient manner, you may well end up paying more.

Whilst time is short to get things changed prior to 5 April 2018, a review now may save tax in 2018/2019.

Blog

Thursday, 29 March 2018

Employment related securities – what do employers need to report?

In the lead-up to 5 April each year there are plenty of employment tax issues to be thinking about, both in relation to reporting requirements for the tax year now ending as well as the legislative changes going forward. One area that employers need to consider is that of employment related securities.

Blog

Wednesday, 28 March 2018

Should our charity consider collaborative working?

As many charities are facing increasing pressure on their traditional sources of income they need to be innovative in either finding new sources of income or different ways to operate more efficiently. Read our blog to see how working with other charities could help.

Press Release

Wednesday, 28 March 2018

MHA Larking Gowen shortlisted for Tolley’s Taxation Award 2018 ‘Best Tax practice in a regional firm’ category

MHA Larking Gowen are delighted to announce that their Tax Advisory Group have today been shortlisted for an award in the category of Best Tax Practice in a regional firm at this year’s national Tolley’s Taxation Awards.

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