Larking 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, auct...

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...

In this episode, Emma and Giles discuss the best legal structure for a new not-for-profit enterprise, focusing on the differences between Community Interest Companies (CICs) and Charitable Incorporated Organisations (CIOs). They go through the practical differences, how to access funding, tax reliefs, remuneration and changing from a CIC to a CIO. They also outline the setting up processes, govern...

In this special Charity FUNdcast miniseries, Not for Profit specialists, Emma Hayward and Giles Kerkham, will deliver a series of updates for those working in or aspiring to work in the charity sector. Whether looking for technical updates or inspiration, there'll be something for everyone, covering topics such as AI, myth busting, maximising gift-aid, social enterprise alternatives and more. In t...

If you're a salaried doctor looking to go self-employed or to set up as a limited company, then this episode with medical specialist, Jamie Butcher, is for you. She chats to senior accountant, Jo Benton, about what steps you need to consider in regard to tax and savings, pensions, mortgages, student loans, National Insurance and tax liability you might face. They also discuss what happens if you t...

Tax Partner Dominic Carter, is joined by VAT Director Gilly McGill, in conversation on the possible VAT game-changers for Independent Schools and educational institutions if Labour were to win at the next General Election. They discuss Labour's current outlined manifesto and the proposed changes to the education system that could shake things up in 2024. How would these changes ripple through scho...

Breaking up is never easy, but divorce makes things even trickier, especially when it comes to money! Tax advisor, Emma Walker, is joined by senior family solicitor, Nicola Furmston, from Kerseys Solicitors, to talk all things divorce from both a legal and tax perspective. They discuss recent changes and the pros and cons of no fault divorce, capital gains tax charges on asset splits and property,...

Autumn Farming Conference special  This special episode is hosted by our Farms and Landed Estates partners Laurie Hill and Bruce Masson. They reflect on the 2022 conference and discuss in detail what to expect this year, and why you should attend.  Guest speakers at the conference will be discussing topics around sustainable farming, specifically focused on addressing the pressing issues of enviro...

Medical specialists Rachel Morris and Carl Boardman discuss the benefits for GP practices of moving to cloud-based accounting software. They chat about how your accountant can assist you to make the transition seamless and talk through the common concerns they hear from clients, and how they resolve them. They outline the time-saving, reporting and HMRC integration elements to switching, and the t...

What's going on with inflation, how is it impacting you, and what proactive things can you do in the search for the best interest rates, both personally and in your business? Tony West is our special guest on this episode. Tony is a Financial Planner with Becketts, and he chats to Tax Advisor, Emma Walker, about investment opportunities with venture capital trusts; and goes in for every financial...

This is a special cross-over episode with our other series, Tourism Business Chat. The Tourism Business Survey was relaunched for 2023, after a 'COVID-19 break' and the results were announced at a seminar on 25 April to an audience of sector leaders. We recorded the panel discussions for listeners to enjoy who were unable to attend on the day.  You can hear reflections on the results of the survey...

HMRC 'nudge letters' - what are they, why do HMRC issue them, and what should you do if you receive one? Tax experts Gilly McGill and Dominic Carter discuss what the term covers – commonly known as 'one-to-many letters' and how HMRC identify recipients through data submitted to them or issues common to a sector. They discuss how the decline in human resourcing to investigate impacts this process....

Medical specialism partners, Lizzy Lloyd and Louise Dean, discuss the compulsory transfer of members to the 2015 NHS Pension Scheme, the resulting McCloud judgement, and how the McCloud Remedy was born. They discuss the choices available to members and implications relating to the Annual Allowance Tax Charge, and its impact on previous tax returns. Louise also gives an overview of the Annual Allow...

VAT director Gillian McGill and tax partner Dominic Carter discuss recent tax headlines as well as changes in the new VAT penalty regime. The previous regime wasn't flexible, with harsh penalties for late VAT returns and payments, often disputed in court, but the new system which came into effect on 1 January, launched with seemingly positive changes. They discuss the concept of 'reasonable care'...

VAT Director Gilly McGill was a little disheartened after the Autumn Statement, as she initially thought the revisions on VAT were lacking. However, a post budget discussion with Tax Partner Dominic Carter brought the impact of fiscal drag to the table which, on closer inspection, will have implications across all taxes. In this episode they discuss inflationary impact, the increase in businesses...

Employment 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...

Tourism specialists, Julia White and Martin Sanders, chat about the impact of the cost-of-living crisis and other current economic strains on the sector. They discuss VAT, energy costs, staffing and what they're seeing within their clients' businesses, and explore how to relieve the pressure.  You can find Martin's and Julia's details on the Our People section of our website here - please reach ou...

Bridie Iachetta is an Assistant Manager and tax expert within our Business and Private team. In the first of our new series of podcast Insights, she explains how crypto works, what the UK tax and inheritance implications are with crypto and what assets actually are. She then explains the terminology, including mining, airdrops, forking, tokens and NFTs, and what you really need to know if you plan...

Welcome to Larking Gowen Insights  – accountancy and business advice for all -  the series that gives you bitesize tips and guidance on tax, funding, legislation, reforms and more, with case-studies, business advisory and sector specials and interviews to give you the full picture of life in business. Our team of experts are committed to helping you navigate the world of accounting and finance. TH...