Blogs from Larking Gowen

Senior Manager at Larking Gowen, George Crowe, explains the key differences between partnership profits, taxable profits and drawings – clarifying how each figure is calculated and why they don’t always match.

The UK government has raised the financial thresholds that determine company size, effective for accounting periods starting on or after 6 April 2025. Director, James Nichols, discusses what this could mean for you.

An overview of the practical benefits of Making Tax Digital for Income Tax, including fewer errors, real-time tax visibility, better organisation, and environmental impact – plus details on penalties and voluntary testing.

Partner, Laurie Hill, explains who's eligible the 2025 Farming Equipment and Technology Fund as well as what items are covered, how to apply, and how to align your investment with your farm’s long-term goals.

A practical guide for GP practices on budgeting and cashflow planning, including why forecasting matters, how to estimate drawings, tax, and pension contributions, and how to stay in control of your finances year-round.

To help you understand which taxes do and do not apply to charities, we outline the various tax obligations and exemptions that apply to charities, describing some of the complexities.

The report published by a committee of cross-party MPs is recommending the Government delay the changes to inheritance tax and engage in consultation and improvements.

Assistant Manager in our Business Tax Advisory team, Sophie Emerson, outlines new UK reporting rules for digital platforms from January 2024. It explains who qualifies as a platform operator, which sellers must be reported, and what information must be shared with HMRC.

Jo Benton outlines key tax considerations for locum pharmacists, including whether to operate as a sole trader or limited company, how income is taxed, what expenses are deductible, and important deadlines.

Medical accounting specialist, George Crowe, explains what needs to be disclosed and when, the timeline and process for disclosures, and the consequences of non-compliance.

Charities will soon need to follow new accounting rules. We outline the key changes, what you can do to prepare and how you can have your say in the consultation.

Upcoming changes will impact all company directors and persons with significant control, requiring them to go through a mandatory verification process by autumn 2026.