Tuesday, 11 July 2017
Recently the Solicitors Regulation Authority (SRA) released a consultation on the new rule book and code of conduct, which currently sit at over 430 pages combined. The consultation closed on 30 September 2016.
In June 2017, the SRA released the outcome of the consultation together with their take on the comments received. They highlight that the result showed overall support of the changes that had been included, although there had been differing opinion on some of the detail.
Monday, 10 July 2017
Independent schools face many challenges, not least the pressure on fees, rising parents’ expectations and the need to deliver public benefit. We have decades of experience working with independent schools in East Anglia and can help you with a full range of services.
Wednesday, 05 July 2017
Larking Gowen has been running a trilogy of business breakfasts on the theme of ‘How to make business fun, fulfilling and financially rewarding in 2017’. In June we presented part 2: ‘Invest in yourself’, and I thought that I would share some of the presentation with you.
Friday, 30 June 2017
Each year thousands of UK businesses receive a visit from HMRC. The vast majority are made through official appointments. However, increasing numbers of businesses are finding HMRC are making unannounced visits. If this happens to you, it is very important to know your rights.
Thursday, 29 June 2017
East Anglian firm, Larking Gowen, launched its Wellbeing programme with a Wellbeing week across the firm’s nine offices. The Wellbeing Programme has been introduced to support employees to achieve positive health and wellbeing in their work and personal lives. A range of activities, information, benefits and sources of support were available to promote physical, mental, social, community, financial and career wellbeing and employees were encouraged to participate in as many as they wished.
Thursday, 29 June 2017
Data protection has always been considered a key concern for big business. High profile data breaches in recent years highlight the scale on which data is now gathered and the risks inherent with collection of data en masse.
Wednesday, 21 June 2017
For the second year, chartered accountants and business advisors Larking Gowen, as part of the MHA motor specialist advisory team, has conducted a study to understand more about the issues and challenges that dealerships face. Larking Gowen is pleased to be part of the MHA association of UK-wide independent accountancy firms who have just released their second annual survey to motor dealers.
Monday, 19 June 2017
The fifth MHA Legal Benchmarking Survey has recently been published. This year has been a positive one for most sizes of legal firms but they must make sure that they are profitable and efficient to stay competitive.
While our report reveals that the sector is in good financial health, with performance in 2016 pointing to a positive outlook for the future, firms continue to face a challenging environment.
Monday, 12 June 2017
Charity trustees have well known duties of stewardship, which means ensuring that resources are used for charitable purposes and are not put at risk unnecessarily. There is also, of course, a duty to use them effectively. Three areas to consider are:
Friday, 09 June 2017
Now that we are in the new financial year it is perhaps a good time to consider the financial state of the agricultural industry in the UK. “Fragile” is a good word to start the assessment. Commodity prices have picked up over the last six months, but much of this is simply a currency movement following the Brexit vote and even so there is still relatively little margin when wheat stands at under £140 for harvest.
Monday, 05 June 2017
February marked the 75th anniversary of American troops arriving in the UK during the Second World War. The arrival of thousands of American personnel to the east of England changed the region forever. By 1943 there were more than 100,000 US airman based in Britain, mainly in East Anglia.
Thursday, 01 June 2017
The major regional independent chartered accounting partnership and one of the UK’s top 40 accountancy firms, Larking Gowen has this month announced a great result supporting two of the UK’s leading charities, CLIC Sargent and Alzheimer’s Society.
Thursday, 01 June 2017
The New Wolsey Theatre are pleased to confirm that Larking Gowen are to continue supporting the theatre’s busy Creative Learning department in their delivery of outreach, community and schools work and have now committed to supporting the theatre for the next 3 years.
Friday, 26 May 2017
HMRC have announced that by 2020 they expect all businesses to upload their profit and loss quarterly and electronically. Though we are still awaiting the details of how the logistics of it will work, two things are sure:
Friday, 26 May 2017
Charities are certainly adapting to changing funding environments. In seeking to reduce reliance on grant funding, many charities have looked to increase enterprise trading and charging for services. But the tax impacts of developing new opportunities and even delivering the same services under different arrangements have sometimes been overlooked – these need to be on a charity’s radar.
Friday, 12 May 2017
Finance Bill 2017 has now been passed, but with only 148 of the original 762 pages. Almost 90% of the tax legislation we were expecting to be passed has now been delayed. So what has changed?
In short – the general election. As Parliament was dissolved on 3 May in advance of the election it was agreed to hold over much of the more complex technical legislation.
Wednesday, 10 May 2017
With large sums in their office and client bank accounts, and access to sensitive information about their clients, legal firms are an attractive target for fraudsters.
Moreover, fraudsters’ methods are becoming more varied and sophisticated. Can your firm’s financial controls combat fraud, or do they need a ‘spring clean’?
Monday, 08 May 2017
At Larking Gowen we have one of the largest teams of agriculture accounting specialists in the UK. Our clients range from small family farms to large rural estates throughout East Anglia and beyond. As your farm accountant, we’ll provide a friendly, confidential one-to- one service, backed up by a deep knowledge of agricultural business.
Friday, 05 May 2017
Making Tax Digital for Business (MTDfB) is a key part in the Government’s plan to modernise the tax system – it is the biggest change in tax adm inistration in decades.
It will affect every business in the UK, including those with rental income, and will change the way that businesses keep their accounting records, report profits and interact with HM Revenue & Customs (HMRC).
Wednesday, 12 April 2017
Hot on the heels of the Budget, I’m sure the questions being asked by many partners at solicitor practices across the country are, “Should we consider incorporation to obtain limitation to liability or not?” and, “What are the consequences now?”
The majority of the legal practices that we see are predominantly partnerships and partners are looking at how to structure the practice in order to attract and obtain potential future partners.
Monday, 10 April 2017
Much has changed since last year’s Budget, when we were anticipating the EU Referendum and very few people would have predicted that Donald Trump would become US President. We might also have anticipated that George Osborne would still be controlling the purse strings, and that ‘Remain’ had won the day in the Referendum.
Thursday, 06 April 2017
At Larking Gowen we believe charities should have specialist advisors and dedicated charity accountants, which is why we have a specific team for the sector. At Larking Gowen we make a point of taking time to understand our clients’ needs and help you plan for the future.
Monday, 03 April 2017
There has been a significant change in the focus of the Charity Commission’s guidance on reserves (CC19 – revised in 2016). The new key messages include underlying steer towards keeping reserves to address risks of ‘unplanned closures’ and to plan for the maintenance of essential services.
Friday, 31 March 2017
There are proposed changes to the national insurance system which will impact on a number of people, and in particular those who have left the UK to work overseas.
The proposal is that Class 2 national insurance contributions (NIC) will be abolished. Class 2 is £2.85 per week from 5 April 2017 and for UK residents it is normally paid by self-employed people, together with Class 4 NIC, which is charged as a percentage of profits made.
Tuesday, 28 March 2017
Larking Gowen offers tailored packages for more than 160 NHS consultants; for those who run a private practice on a self-employed basis, as well as those who are employed. We can give you general business advice and help you with your personal tax arrangements.
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