Blogs from Larking Gowen

Tom Dunston, Senior Manager in our Corporate Audit and Advisory team, explains the changes to lease accounting under FRS 102, including how recognising leases on balance sheets could affect financial reporting, bank covenants and key financial measures, and the steps companies should take to prepare.

Partner, Laurie Hill explores the different company structures available to farmers and how choosing the right one can support tax efficiency, asset protection, succession planning and future growth. 

The revised FRS 102 introduces a new five-step revenue recognition model for accounting periods beginning on or after 1 January 2026. We explore the key changes, which businesses could be affected and the practical steps you can take to prepare.

Upcoming changes to FRS 102 will introduce new disclosure requirements for small companies, covering related party transactions, tax, dividends and financial reporting. Senior Manager, Jimmy Long, explains what companies need to know and how to prepare.

Director and Making Tax Digital specialist, Martin Bugg, explains how HMRC’s MTDfIT penalty system works, including late quarterly updates, penalty points and late payment charges for landlords and sole traders.

A PAYE Settlement Agreement (PSA) can simplify the reporting and payment of tax on qualifying employee benefits, particularly as HMRC moves towards mandatory payrolling of benefits.

HMRC is now accepting MTD for Income Tax exemption applications from landlords and self-employed people entering the regime from April 2027. Director, Martin Bugg, explains who may qualify and when to apply.

Practical record-keeping advice for busy locum GPs, covering income, expenses, digital records, Making Tax Digital and how your accountant can help.

The Government’s latest tax simplification proposals could bring changes to VAT, e-invoicing and the tax treatment of company transactions. Tax Director, Gillian McGill,  explains what businesses, shareholders and trustees may need to consider.