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Blogs from Larking Gowen

Charities and the October 2024 Budget

Friday, 1 November 2024

Partner in our Not for Profit team, Giles Kerkham, outlines how the Budget statement will affect the charity sector.

Changes to inheritance tax – what it means for your UK farming business

Friday, 1 November 2024

Bruce Masson, Partner in our Farms & Rural Business team, looks at the changes to inheritance tax that were outlined in the Budget statement, and highlights what this will mean to those with farming businesses.

Income tax: Basis Period Reform and the agriculture sector

Tuesday, 22 October 2024

Our Farms and Rural Business team dive into the Basis Period Reform and pull out what this might mean for those in the farming sector.

The Tipping Act is now live

Wednesday, 2 October 2024

The changes to the tips legislation have left businesses in the tourism, leisure and hospitality industry with questions. We summarise common questions and responses to help you.

Trust accounts in the UK and their benefits

Tuesday, 1 October 2024

We explore the key advantages of preparing trust accounts each year and how they contribute to the effective management of a trust.

UK pension contributions: Understanding the Annual Allowance and tapering

Monday, 30 September 2024

There’s a limit to the amount you can save in your pension pot. We explain how the Annual Allowance and tapering work and how these may affect your pension.

What happens where taxes overlap? And what is agricultural land?

Thursday, 19 September 2024

We discuss what you should bear in mind about overlapping taxes when an agricultural holding comes up for sale or passes under an inheritance.

How to pension GP locum income

Thursday, 12 September 2024

Pensioning income as a locum with NHS Pensions is more complex compared to permanent employees. We explain the steps locums can take to pension their income with NHS Pensions.

Do you need to file a Self-Assessment tax return?

Wednesday, 11 September 2024

Many people are surprised to learn that they need to file a tax return, especially if they pay income tax through PAYE. With the deadline to notify HMRC looming, we explain who needs to file a return.

Capital gains tax on residential property: Where are we now?

Wednesday, 11 September 2024

Since the real time reporting regime for capital gains tax on residential property came into force, we’ve seen numerous changes to deadlines, allowances and tax rates. We help you understand these changes and the rules currently in place to avoid unwanted costs or penalties.

Is a partnership the right option for medical professionals?

Tuesday, 10 September 2024

Our medical accounting team discusses the benefits and drawbacks of medical professionals joining or forming a partnership.

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