Nobody has a crystal ball, so what is the point of trying to predict the future performance of a business? A good financial forecast is an important tool to help you manage and grow your business. It will only be of use if you have a method of tracking actual performance against forecast in order […]
Let’s plan your route to success A new year is a great time to focus the mind and put plans in place to achieve your business and personal goals. A properly thought out plan that outlines not only what you want to achieve but how you are going to get there is crucial to making […]
Our thoughts on 2022 from an accountancy point of view… Inflation Although inflation is likely to hit 7% in the early months of 2022, it should turn out to be a short-term blip and by the autumn it should drop to just over 2%. Tax evasion and avoidance To recover money lost due to a […]
Bookkeeping is crucial for any business, large or small. Not only from an accountancy point of view but for general business efficiency, planning and insight. Getting the bookkeeping basics right is fundamental, especially when you are relying on timely information to make decisions and assess actual performance against strategy. We share some tips to help […]
What does the Autumn 2021 budget mean for you? The Autumn 2021 budget has been announced and we’re delighted to share our initial thoughts and impressions on the changes that might affect you and your business. Our Budget Summary provides an overview of the key points arising from the Chancellor’s speech. Additionally, throughout the Summary […]
Planning for the inevitable is a process that many put off, avoid or fail to tackle in time. However, the last thing that you want to do when you work hard all your life is to find a substantial part of your estate and assets in the hands of HMRC. Inheritance tax is often called […]
When: 3rd November 8:30am to 10:30am Where: Briar Court Hotel, Halifax Road, Birchencliffe, Huddersfield, HD3 3NT This November New Dawn Resources will be hosting another of their popular Employment Law Update Seminars. This free event will be held in conjunction with Langricks and Stafflex. Along with the latest news regarding employment law from the NDR team, […]
VAT registered businesses act as unpaid tax collectors and are required to account both promptly and accurately for all the tax revenue collected by them. When setting up a new business, VAT accounting can be complicated. However, if you have the right processes in place things will run smoothly and efficiently. To help we share some information […]
Payroll is a crucial part of running a business and needs to be carried out correctly. Not just to make sure you are legally compliant, but for the benefit of your biggest assets, your employees. Your employees expect it to be right each and every time. Payroll’s basic procedures can be difficult and time consuming for […]
An accountant helps an organisation to stay in full control of its finances. Businesses that hire a good accountant can often benefit from a wide range of accountancy services, which can help to save money and reduce workload. Whether your accountant is carrying out tax compliance work or producing your annual accounts, being prepared will ensure they can carry out the […]
Personal Retirement planning – the sooner you start, the easier it will be to achieve your dream retirement. It’s never too early to start planning for the future, a retirement plan will be different for each and every person so should be tailored to your individual circumstances and requirements. When you are planning your retirement, […]
Pensions advice and tips Having a plan in place for retirement can give you peace of mind when planning for the future. Whatever your age, it’s never too early to start planning and considering how much you’d like to save for when it comes to your retirement. Pension planning is important to ensure you benefit […]
Further recommendations from the OTS on making Capital Gains Tax (CGT) more understandable and “user friendly”. Last month (May 2021) the OTS followed up their first report on CGT (November 2020) with a 2nd paper on “key practical, technical and administrative issues”. Coming in at 125 pages long this 2nd report is not short of analysis […]
Management accounts vary significantly from business to business and should be personalised for the needs of the stakeholders. Effective management accounts can help to provide information that can support important business decisions and they can be useful to help gain control of your finances and support the growth of your business. Not all businesses need […]
It remains a bit of a cliché that Inheritance Tax (IHT) continues to be everyone’s most hated tax when only 4% of estates actually end up with an IHT liability following the passing of a loved one. Clearly, due to the complicated rules and regulations around IHT there is a bigger fear of the tax […]
We’ve put together this pre-year end checklist of areas where you could benefit financially. 2020/2021 ISA allowance Have you or your family made your maximum ISA contribution of £20,000 per adult or £9,000 for children for 2020/21? Pension contributions Have you utilised your Annual Allowance for pension purposes (up to £40,000, as well as using […]
The 2021 budget was one we’ve all been waiting for with bated breath. With the UK having been adversely affected by the coronavirus (COVID-19) pandemic, Chancellor Rishi Sunak presented the 2021 Budget against a backdrop of ongoing economic hardship. Below is a link with summary of the key announcements and some of the less-publicised changes […]
We’re pleased to reveal our new look website which showcases our extensive range of services for helping organisations and individuals grow and save money. At Langricks we pride ourselves on delivering the services our customers need. This new website was created to make it easier for visitors to see exactly the areas where we can […]
Looking for a new accountant can be a minefield so we’ve put together some top tips for helping you when choosing your new accountant. 1) Is location important to you? Having local accountant can have many advantages that go beyond convenience, however with the continued improvements in technology, communication is now a lot easier, meaning you […]
Every day, millions of people struggle with debt, many of whom have never been taught how to manage money. While there is some financial literacy teaching in secondary schools habits are formed much younger according to experts at DebtAware – the education arm of the national charity – Debt Advice Foundation. With 64% of children […]