Larking Gowen Insights
In this episode, Laurie Hill and Bruce Masson from the Farms team, discuss the upcoming Larking Gowen Autumn Farming Conference on November 5, 2024. They discuss the key themes planned for the conference, which include environmental and financial sustainability in agriculture, innovations in farming, and the importance of succession planning. You can book your tickets for the conference GET IN TOUCH! If you have any questions on today’s episode, and would like us to get in touch, email us at . You can get in touch with our presenters directly through the section...
info_outline The journey towards sustainability: the Loads4Less storyLarking Gowen Insights
In this episode Laurie Hill, the partner leading Larking Gowen’s new Environmental, Social and Governance facilitated advisory (ESG) services, is joined by Jake Bond and Angus Harrison from neoeco, as well as Adam Soall, the managing director of Loads4Less. The partnership between Larking Gowen and neoeco will assist clients with ESG reporting, and Adam is our first case study! After his recent trip to the Amazon Rainforest, which inspired him to make changes in his business, he discusses and highlights the growing importance of sustainability in business and the benefits of having...
info_outline VAT on school fees - what should independent schools do now?Larking Gowen Insights
The Chancellor Rachel Reeves' made a fiscal statement on Monday including making announcements on VAT and independent schools on 29 July 2024. The announcement states that VAT will be applied to school fees starting from January 1, 2025. VAT specialist Gillian McGill chats to Not for Profit partner Giles Kerkham in this episode, discussing the implementation date, types of schools and services affected, the impact on parents and guardians, strategies to mitigate the financial impact, and the possibility of potential failure of independent schools. GET IN TOUCH! If you have...
info_outline Understanding the new pay offer for NHS consultantsLarking Gowen Insights
Medical specialists Louise Dean and George Crowe discuss the new pay offer for NHS consultants in England. The key changes proposed include a minimum 6% pay rise for all consultants, a new pay progression system based on skills and experience, changes to the Clinical Excellence Award schemes, and modifications to the doctors and dentists review body. They also explore the potential impact of the pay rise on take-home pay and tax burdens, particularly in relation to annual allowance charges. GET IN TOUCH! If you have any questions on today’s episode, and would like us to get in...
info_outline UK Election Manifestos – what will they mean for tax and education?Larking Gowen Insights
In this episode, specialists Gilly McGill, Giles Kerkham and Dominic Carter dive into the latest election manifestos from the main UK political parties, exploring their key proposals and common ground in relation to tax and funding. VAT Director Gilly and Tax Partner Dominic explore the fiscal strategies of the parties, highlighting their promises not to raise income tax, corporation tax, VAT, or national insurance contributions. Instead, they plan to increase revenue by addressing the tax gap and tackling tax avoidance, and abolishing the current regime for non-domiciled individuals, and...
info_outline Further education and the complexities of VATLarking Gowen Insights
This week, VAT Director Gillian McGill and Not for Profit Partner Giles Kerkham discuss the challenges faced by colleges in the UK in relation to finances and VAT treatment. They consider the recent recategorisation of colleges, new requirements and financial controls, difficulties with borrowing and refinancing, challenges with capital funding and the campaign for changes. They also reflect on the complexities that the sector faces in managing VAT reporting, and compare this with the position for other education providers. For further information on today’s topic, and how we...
info_outline BONUS - SRA Account Rules 2023 with PrimeGlobalLarking Gowen Insights
Legal experts and independent members of gathered recently to reflect on the conclusion of the 2023 SRA Account Rules period and analyse the latest trends they have seen emerge. Their discussions included the move towards automation, the decline in pink slips and clerical errors, changes in interest rates, partial VAT exemption, reconciliation challenges, and the potential for more training. They also reflected on the adaptations made since the 2019 alterations, considering the impact of the pandemic and the resulting shifts in work patterns. Join Claire Watkins from Buzzacott, Veronique...
info_outline Basis Period Reform – what it is and how it impacts youLarking Gowen Insights
In this conversation, Emma Walker, Jamie Butcher and Laura Clayton discuss the basis period reform and explain the historical taxation of sole traders and partnerships based on their year-end profits and the double taxing of profits (overlap profits). They address the changes in the basis period reform to simplify and make the taxation process fairer, and also cover the calculation of business profits, treatment of losses and the options available for spreading of transition profits. They also highlight the importance of changing accounting year ends and cover the tax issues farmers and those...
info_outline Charity FUNDcast: 4. Make the most of Gift AidLarking Gowen Insights
In the last episode in the Charity FUNdcast mini series, Emma and Giles explore the value of Gift Aid to charities; the decline in the number of charities claiming it; and the relationship between payroll giving and Gift Aid. They explain how it works, the Gift Aid Small Donation Scheme, and the rules and common errors in claims. They also discuss corporate Gift Aid donations, cash donations, auctions, gifts to donors, and the future ways to maximise its benefits. #TicktheBox GET IN TOUCH! Click to contact Emma, or for Giles, or find out more about how our team of specialist charity...
info_outline Charity FUNDcast: 3. Trustees and the use of crypto and AI toolsLarking Gowen Insights
In this episode, Emma and Giles discuss the impact of how new AI and cryptocurrency is impacting charities. They explore the definition of cryptocurrencies and how they’re used for transactions and donations; look at examples of charities that have accepted crypto donations; and highlight the benefits and challenges associated with them. They discuss the risks and considerations for charities when accepting crypto, including transparency, volatility, and environmental impact. They discuss the guidance provided by the Charity Commission and how AI technologies, specifically Chat GPT, and its...
info_outlineEmployment Tax Specialist Tessa Brown is getting in the festive spirit this week, and what’s more festive than tax!
Many businesses will be looking at handing out gifts and throwing parties for their teams over December, so Tessa outlines all the important HMRC info they need to consider. She explains the definition of Trivial Benefits and Annual Functions Exemption as well as the implications of employees receiving gifts from third parties.
She also discusses the impact of PAYE settlement agreements and a few VAT and Corporation Tax considerations.
Okay, so not really very festive - we know! But these factors are important to consider to avoid any complications further down the line, particularly for new business owners. You can find Tessa's details on the Our People section of our website here please reach out if you’d like to speak to our specialists, or you can go straight to our Tax page here.
GET IN TOUCH! If you have any questions on today’s episode, and would like us to get in touch, email us at [email protected].
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For further information on today’s topic, and how we can help support you and your business, visit us at www.larking-gowen.co.uk
You can find more episodes from this series on our website larking-gowen.co.uk/LGI
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