Author Archive for: admin1

Entries by admin1

Spread out tax payments with the government ‘Time to Pay’ scheme

As recently announced by the Chancellor, self-assessment taxpayers can now apply online through the government gateway to spread the cost of their tax bill into monthly payments without the need to contact HMRC directly.  With an increase to £30,000 for self-assessment customers, this so-called ‘Time to Pay’ service is to assist with Covid related financial pressures. […]

Times are tough but we will break through and come back stronger

SMEs have been hit hard during the recent pandemic. The media reading is depressing for many business owners at a time when we need to be positive. The statistics are horrendous – it is expected that 2020 will see the largest annual drop in GDP since 1921.People claiming unemployment benefit rose 69% from March to April – […]

CHANGES TO THE FURLOUGH SCHEME

The government’s furlough scheme has provided huge, much needed support for businesses.  The scheme has been extended and there are some really important changes coming in, the key points are: From 1st July, the scheme will allow part-time working, but staff must have been furloughed by 10 June to be eligible There will be a new limit […]

Business Bounce Back Loan Scheme (BBLS) Goes Live

On Monday 4th May 2020 it was the launch of the new Business Bounce Back Loan Scheme (BBLS). ‘Quick and easy-to-access’ loans worth up to £50,000 to help small businesses who have seen a loss of revenue and a disruption to their cashflow due to the coronavirus crisis. Whilst most banks were inundated and crashed within hours of […]

The Impact of the Corona Virus on Stocktake Attendance by Auditors

With 31st March year end approaching,  auditors need to consider the effect of the travel restrictions and social distancing on stock attendances required under Auditing Standards. The auditors do still need sufficient appropriate audit evidence in order to form their audit opinion on the existence and completeness of stocks at the balance sheet date. Below are the different options […]

ICAEW releases information on work being done for the self-employed

26 March 2020: the political importance of a support package for the self-employed was on full display today in Parliament, as MPs from across the Chamber took the opportunity to raise the issue during Prime Minister’s Questions at lunchtime. The topic was also a key theme during today’s session of the Work and Pensions Committee. […]

HMRC HELPLINE NUMBER FOR BUSINESSES

The dedicated HMRC helpline for businesses and self-employed individuals who have difficulty with paying their tax due to COVID-19 promised at Budget 2020 is now in operation. The number of the helpline is 0800 0159 559. The helpline can assist with: ·         setting up a time to pay arrangement, ·         suspending debt collection proceedings, and ·         cancelling late payment penalties and (unusually) interest. 2,000 experienced HMRC staff are […]

Our offices remain open

Business as usual In a bid to do our bit towards slowing the spread of the coronavirus we agreed with our team that they should work from home, with immediate effect.  However we are keeping skeleton staff on reception. We know that now, more than ever, you may wish to speak to us about your business and […]

THE GOVERNMENT IS REVIEWING THIS APRIL’S IR35 ROLLOUT

We recently blogged about the upcoming April 2020 rollout of the changes to IR35 rules for the private sector. However, last month the government announced that they are now reviewing these changes, let’s take a look at the latest developments. What is the April 2020 IR35 rollout? IR35 rules were first introduced in 2000 to tackle tax avoidance by […]

We Welcome A New Starter To Wilmslow

We are delighted that Lianne Upton has joined us as a new starter in 2020.  Lianne joins us at manager level in our Wilmslow office, she will be responsible for a portfolio of clients assisting them with everything from tax and accounting compliance to bespoke financial modelling and forecasting. Lianne qualified as a chartered accountant at […]

Real life fraud catching businesses out

The number of instances of fraud are on the increase and fraudsters are becoming more and more sophisticated. Here at Langricks we have seen real life examples of the following frauds and want to warn all office workers, employees, businesses owners of the latest scams catching people out: An email sent from a director An email […]

TIMPERLEY PRIMARY SCHOOL JOINS PUSH TO IMPROVE MONEY SKILLS FOR KIDS

Pupils from Park Road Academy Primary school in Timperley are the first children in Cheshire to benefit from a pioneering money skills education programme from UK charity DebtAware. The inaugural Money Skills for Life lesson for nine and ten year olds kicked off at the school on Frieston Road last week, marking a milestone for the charity, and […]

Chris’s Practice Talk interview from AccountancyWeb

Chris has recently been interviewed by Richard Hattersley from the AccountancyWeb team.  Read the interview below and find out more about our recent acquisition and a day in the life of a busy accounting practice owner. This past summer Chris Langrick made a step towards achieving his ambition to chart on the top 100 accountancy league table by 2028. He […]

We Are Recruiting For An ACA/ACCA Qualified Accountant For Our Holmfirth Office. Come Join Our Team

Assistant Manager/Manager Vacancy Langricks is a dynamic and rapidly growing accountancy practice with huge ambition.  We are seeking a qualified ACA/ACCA accountant, with at least 2 year’s post-qualified experience, for our Holmfirth office, who is outgoing, willing to learn and keen to develop their career with a business moving forward at a pace, and who possesses strong communication skills to […]

GOLF DAY RAISES £2500 TO SUPPORT TEACHING OF MONEY SKILLS IN PRIMARY SCHOOLS

Fourteen teams of golfers took part in a successful Charity Golf Day event for chartered accountancy firm Langricks at Shrigley Hall in Macclesfield and raised £2500 to help money education for children. Langricks has made an ongoing commitment to DebtAware – the specialist education arm of the national Debt Advice Foundation – to raise funds to support a unique ‘Money Skills for Life’ […]

EXCITING DEVELOPMENTS AT LANGRICKS

We are delighted to announce that after working in partnership for seven years, we have now formalised our ties with Michael Bell and Co to form a new enlarged practice ensuring succession for Michael’s clients and staff and allowing us to offer a wider range of services to all clients. Michael Bell set up his accountancy practice in Holmfirth, Huddersfield […]

BE PREPARED FOR THE CHANGING FACE OF IR35

This month the government will be considering responses to its policy paper and consultation – Off-payroll working rules from April 2020 – looking at how the reform to the rules should go forward within the private sector.  Chartered Accountant Chris Langrick considers six steps companies should take to avoid confusion next year.The UK economy is increasingly reliant on […]

BURY PRIMARY SCHOOLS SIGN UP FOR PIONEERING MONEY EDUCATION PROGRAMME

Three more schools from Bury have given pupils an opportunity to get savvy with money thanks to a new association with a pioneering financial education charity called DebtAware, supported, among others, by accountancy firm Langricks. Greenhill Primary, Our Lady of Lourdes RC Primary and Hazelhurst Primary School have got on board with the charity’s unique ‘Money Skills for Life’ programme and […]