Author Archive for: admin1

Entries by admin1

Selling Your Business

Disposing of your business is a significant life event. You might be relying on the proceeds to fund a comfortable retirement, or as capital for the next phase of your business career. You may know the approximate timing. Quite likely, you have a figure in mind to fund the future you have planned. But things […]

Tax Free Childcare Launching Early 2017

From early 2017 working parents will be able to apply for the new Tax Free Childcare scheme. For the first time this provides government support for self-employed as well as employed people. Employers will have no direct involvement in Tax Free Childcare but you may well get questions from employees. There will also be implications […]

How Will You Avoid Taking a Profit hit from NMW Increases?

As I’m sure you know, National Minimum Wage pay rates increased from October 1, 2016. Just for the record here are the increases: Old Rate New Rate 21-24 year olds £6.70 £6.95 18-20 year olds £5.30 £5.55 16-17 year olds £3.87 £4.00 Apprentices £3.30 £3.40 In percentage terms the increases for employees other than apprentices […]

New HMRC Advisory Fuel Rates for Company Vehicles

Any business that has company cars needs to be aware of the new HMRC advisory rates that came into effect on September 1, 2016. The rates are only to be used for employees being reimbursed for business travel using their company car or for employees paying for private mileage in their company car. The old […]

Helping the Heroes at NW Tough Mudder 2016

What better way to spend a Saturday in September than running over 10 miles through a muddy obstacle course? September 10 was the date for the 2016 North West Tough Mudder. The Langricks ‘Strength in Numbers’ team were there wading through the mud and tackling 20 obstacles to help raise money for Help for Heroes. […]

Langricks is hosting a free Breakfast Seminar for hoteliers

The UK hotel industry faces extreme challenges ahead.  This seminar aims to equip hoteliers with the knowledge needed to meet these challenges head on. On Wednesday 30th January we will be hosting a seminar at Thorpe Park Hotel & Spa, Leeds.  Speakers will include Chris Langrick who will provide key tips on the importance of […]

Changes to dividend taxation from 6th April 2016

From 6th April 2016, the way in which dividends are to be taxed is changing.  These changes are aimed at the tax on small companies who pay a small salary and higher dividend to director shareholders.  It would appear that the government is wanting to close the gap on how a self-employed or salaried individual is […]

Summer Budget update

I must confess that I have mixed views on the changes implemented by the Chancellor, and whilst I support a move to reduce the welfare bill and increase employment, I am disappointed that this comes at a cost to the employer. The two particular elements of the budget that I am not happy about are […]

A snapshot of life in the Langricks office

If you ever wondered what the Langricks offices looked like, or who the voice was at the end of the phone was, then here is a shot of our fantastic team hard at work. Thank you to Simon Morley photography for our latest round of corporate images, it is great to be able to share a shot […]

A tax efficient way of incentivising your employees

If you are thinking of incentivising employees by gifting them with shares in your business, the use of employee shareholder shares can be a tax efficient way of doing this. Whilst the employee will have reduced rights of employment, for income tax and national insurance purposes, the shares could be deemed to have a value […]

Business Rate Rises

The end of transitional relief for small businesses in April 2015 is leaving approximately 67,000 small businesses facing rates increases in excess of inflation. Transitional relief was brought in after the 2010 revaluation to spread out the large increases to bills, brought about as a result of significant gains in property prices. Langricks have produced a […]

Factors to make your business a great place to work

A recruitment entrepreneur has compiled a list of 7 factors that will ensure businesses attract and retain the right talent: All employees have the same overall goal which everyone understands The work is motivating There is open communication, employers trust employees to carry out their roles the best possible way The employer rewards well i.e. […]

Growing Confidence In The UK Economy

Growing confidence in the UK economy has been the outcome of a survey based on the responses of over 160 senior finance professionals, who are also members of ICAS.72% of the FDs in the survey expected “modest growth” and 10% expected “strong growth” for the remainder of this year. This shows a significant increase from […]

Summer holidays are over…

The Summer holidays might be over, although for some us the Blackberry stayed very close by thoughout.The Langricks had a great time in Salcombe this Summer and here is a typical photo of Chris catching up with the office while the rest of the family enjoyed a Pimms at the bar! I can confirm that […]

Tour de France through Yorkshire

We went to watch the Tour de France come through Holmfirth from the delightful surroundings of our business partner Michael Bell’s offices. What an amazing spot to soak up the atmosphere of the day and to attempt to take pictures of the cyclists as they came flying through.  The offices are in a fantastic location […]

Good cashflow forecasting convinces banks to authorise large scale loans

Through continual dialogue with our clients during the current crisis, we are asked by certain clients to assist with the larger CBILS loan applications. One of our clients for whom we already deliver monthly management accounts asked us to put together a cashflow forecast to show to the bank.  Director of our Wilmslow office, Mike Bowker […]

Business Growth Vouchers update

The Growth Vouchers programme was officially launched on 27 January 2014. It will help small businesses access expert advice to help them grow.  Vouchers worth up to £2,000 wil be given to a majority of the businesses who sign up for the programme to help them pay for strategic private sector advice.  Download the official […]