Larking Gowen Insights

In this episode, Will Gibbs joins Megan and Alanah, to discuss the first steps for businesses wanting to grow.

Will emphasises the importance of understanding the current position of the business, including the breakdown of turnover and profit by product or service. He also highlights the role of digital software in tracking sales and accessing live data, the significance of setting realistic growth targets and creating reliable forecasts or budgets. He looks at limiting factors such as people, sales, or cash, and how to develop strategies to overcome them, and the importance of monitoring performance, seeking professional support, and effective communication within the organisation.

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].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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In the first episode of the Life Cycle of a Business mini-series, hosts, Megan Howard and Alanah Thompson, welcome Glenn Matthews, an expert in helping small and medium businesses start up.

Glenn emphasises the importance of doing thorough research and seeking feedback from independent sources before diving into a business idea, and the value of building a network and seeking advice from professionals in the industry. He discusses the different business structures, such as being a sole trader or a limited company, and the associated paperwork and compliance. He also discusses the consideration of VAT registration, bookkeeping, record-keeping and working with HMRC.

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].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

© Larking Gowen LLP

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 here larking-gowen.co.uk/AFC

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].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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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 good data and reporting.

The ESG reporting partnership aims to provide businesses with the tools and support they need to become more sustainable and differentiate themselves in the market, and this chat provides insight into how exactly businesses can get started on their sustainability journey.

Show notes

• To find out more about Larking Gowen ESG services, click here
• Learn about Loads4Less and their sustainability journey here
• Find out about neoeco's ESG reporting software 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].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice. © Larking Gowen LLP

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 any questions on today's episode, and would like us to get in touch, email us at [email protected].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

© Larking Gowen LLP

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 touch, email us at [email protected].

You can get in touch with our presenters directly through the Our People section of our website here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

© Larking Gowen LLP

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 Gilly is thrilled that VAT is finally in the headlines!

As Not for Profit and Education Partner, Giles discusses the voluntary sector's need for stability, government consultation, and access to multi-year sustainable settlements.

They also discuss education, where the parties present robust programs. The Conservatives focus on expanding Academy trusts and safeguarding independent and grammar schools. Meanwhile, Labour aims to recruit more teachers and provide free breakfast clubs, with both parties acknowledging the importance of special educational needs (SEN) support. Funding remains a crucial topic, with Labour proposing VAT on independent school fees.

Join us for an insightful discussion on the election manifestos currently shaping the future of the UK.

Show notes

You can listen to Giles and Gilly discussing the implications of a Labour government on independent schools in more detail on a previous episode – click here to listen.

For further information on today's topic, and how we can help support you and your business on all tax related matters, click here.

You can get in touch with our presenters directly through the Our People section of our website 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].

We would also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website larking-gowen.co.uk/LGI

© Larking Gowen LLP

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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 can help support you and your business on all tax related matters, click here.

You can get in touch with our presenters directly through the Our People section of our website 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].

We would also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website here.

You can find more episodes from this series on our website larking-gowen.co.uk/LGI

© Larking Gowen LLP

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

Legal experts and independent members of PrimeGlobal 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 Walkey and (host) Matt Melksham from Westcotts and Ellis Lake from Larking Gowen, as they explore changes that could improve the efficiency of legal firms, while also exchanging anecdotes and reflecting on the challenges faced over the past year.

You can also watch the recording on our YouTube channel here

• Ellis Lake (Larking Gowen) [email protected]

• Veronique Walkey (Westcotts) [email protected]

• Claire Watkins (Buzzacott) [email protected]

• Matt Melksham (Westcotts) [email protected]

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].

For further information on today's topic, and how we can help support you and your business on all tax related matters, click here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website larking-gowen.co.uk/LGI

© Larking Gowen LLP

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.

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 working in medical businesses face.

You can get in touch with our presenters directly through the Our People section of our website 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].

For further information on today's topic, and how we can help support you and your business on all tax related matters, click here.

We'd also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us!

You can find more episodes from this series on our website larking-gowen.co.uk/LGI

© Larking Gowen LLP

This presentation is designed for the information of viewers. Whilst every effort is made to ensure accuracy, information contained in this recording may not be comprehensive and should not be acted upon without seeking professional advice.