Making tax digital - are you ready for the digital revolution?By: Shaun Mary Date: 29 April 2016
The recent announcement from HM Revenue and Customs (HMRC), that tax is going digital, is an important one for both businesses and individuals. The implications could be far-reaching, particularly for your business. This announcement provides a good opportunity to...
Press Release: Lovewell Blake awarded investment in young people statusBy: Marketing Team Date: 25 April 2016
Chartered accountants, business advisers and financial planners Lovewell Blake have become only the third organisation in Norfolk – and the first private sector business – to be awarded the Investment in Young People (IIYP) accreditation.
Alert: Residential property landlords - tax updateBy: Tax team Date: 22 April 2016
Loan interest and finance cost restrictions The Chancellor announced in the 2015 summer budget, that after 6 April 2017, there would be changes to tax relief on interest paid on loans and mortgages, used to buy or improve properties let...
Alert: Research and development tax incentivesBy: Alexandra Fegan Read Date: 18 April 2016
Problem solving is part of everyday business and the costs in finding a solution may attract research and development (R&D) tax relief. So, taking the simple step to review whether the costs incurred by your business for research and development...
Press Release: Aylsham Show Norfolk Hero Food and Drink AwardsBy: Marketing Team Date: 14 April 2016
Entries are open for this year’s Norfolk Hero Food and Drink Awards, organised by the team behind the Aylsham Show.
Press Release : New family cycle ride launches and puts the wheels in motion for Norfolk cancer charity Big C.By: Big C Charity Date: 14 April 2016
A new family focussed mass participation cycle ride that enables cyclists to cover the entire county in five years was launched today.
Press Release: Yarmouth offshore fabricators acquired in deal which secures jobs in the townBy: Marketing Team Date: 11 April 2016
Up to 20 jobs in Great Yarmouth have been secured with the acquisition of engineering, fabricating and welding business CAP Fabrications by Hydramec Offshore Hydraulic Systems Ltd.
Travel time is working time – are you sure you are paying your workers the National Minimum Wage?By: Vicky Webber Date: 08 April 2016
Following last year’s European Court of Justice (ECJ) ruling that travelling time counts as working time, a care worker has recently received a £1,250 pay-out from her employer.
Press Release: Latest farmers' evening to hear from three leading agricultural property expertsBy: Marketing Team Date: 07 April 2016
Three of the region’s most prominent agricultural property experts will share their expertise at a Farmers’ Evening in Halesworth later this month. The trio, from leading East Anglian property consultants Brown & Co, will tackle three very topical issues...
LB150 Golf Day 2016By: Marketing Team Date: 06 April 2016
On Thursday 9 June 2016, Lovewell Blake partners and staff will be hosting our biennial LB150 Charity Golf Day at Glen Lodge, Bawburgh Golf Club, near Norwich.
Lovewell Blake Financial Planning Limited review of Quarter two.By: LBFP Date: 05 April 2016
Review of the first quarter: The first quarter of 2016 started with a bang as Chinese equity markets brought on renewed instability to global markets. More weakness in the oil price also added to growing investor fears, who instead sought...
Lowestoft Quiz for LB150 charity fund.By: Marketing Team Date: 05 April 2016
On Thursday 12 May 2016, staff in our Lowestoft office will be hosting a charity quiz night, with all funds raised going to our LB150 fund.
No room for the casual approachBy: Justin Wright Date: 01 April 2016
The introduction of the National Living Wage on 1 April is sure to have a big impact on the food and drink industry, but that is not the only change which employers are having to factor into their plans. ...
Anglia Farmers article: The new tax yearBy: Justin Wright Date: 31 March 2016
As the new tax year approaches, thoughts turn (if you are an accountant!) to how the changes to the dividend regime for the 2016/17 year will affect owners of small companies. Historically thinking, under the current system, would broadly...
Press Release: Couple to tackle maiden marathons together in LondonBy: Marketing Team Date: 30 March 2016
A Norfolk couple will be running together as they both tackle the Virgin London Marathon next month – for both of them their first ever attempt at running the 26 mile distance.
VAT Alert: Update on the VAT rates for energy saving materialsBy: VAT team Date: 29 March 2016
Back in December we gave details of the consultation taking place on the rate of VAT for the supply and installation of energy saving materials. The consultation came to an end in February and the Government planned to raise VAT...
Alert: Register of persons with significant controlBy: Steven Scarlett Date: 23 March 2016
New rules applicable from 6 April 2016 require all non-listed UK companies and LLPs to create a ‘PSC Register’ of the people who have significant influence or control over them. These registers will be open to public inspection and details...
Budget 2016: A summaryBy: Marketing Team Date: 17 March 2016
George Osborne presented the first Budget of this Parliament on Wednesday 16 March 2016.
Alert: End of tax year checklistBy: Marketing Team Date: 16 March 2016
Previously we provided you with this alert looking at all the things you should think about before the end of the 2015/2016 tax year.
Press Release: Simultaneous free seminars to explain Budget implicationsBy: Marketing Team Date: 15 March 2016
As the Chancellor prepares to deliver his annual Budget statement on Wednesday 16th March, two free breakfast seminars are being held in Norwich and Great Yarmouth to help people understand the implication of what he announces.
Higher rate tax relief u-turnBy: Graham Walker Date: 08 March 2016
It was announced over the weekend that the chancellor has elected not to make any changes to pension tax relief; higher rate taxpayers can breathe a sigh of relief as they were likely to have borne the brunt of the measures.
Press Release: Additional HR masterclass on disciplinary matters offered to meet huge demandBy: Marketing Team Date: 04 March 2016
A masterclass on how to handle disciplinary matters with employees has proven so popular that organisers have now added a second date, to enable those who didn’t secure a place to attend.
Press Release: Hair today, gone tomorrow - Anna makes the kindest cut of allBy: Marketing Team Date: 02 March 2016
Hair today, gone tomorrow - Anna makes the kindest cut of all to help children receiving cancer treatment. A Lowestoft accounts assistant has parted with her waist-length hair so that she can donate it to a charity which creates...
Alert: 2015/2016 Year end tax planningBy: Tax team Date: 18 February 2016
With the end of the tax year approaching, now is as a good time to ensure your business and personal finances are as tax efficient as possible. With new rates and various legislative changes due in the 2016/17 tax year,...
Are you ready for the National Living Wage?By: Vicky Webber Date: 09 February 2016
It is estimated that six million workers are going to benefit from a pay rise on 1 April 2016, when the National Living Wage (NLW) is introduced for those aged 25 and over. The current rate of pay for this...
OrbisEnergy business skills series 2016By: Marketing Team Date: 09 February 2016
We are proud to be partnering with OrbisEnergy to provide a series of business skills events aimed at the energy sector. Taking place at the OrbisEnergy Centre in Lowestoft, each event will cover a different topic and have a specialist...
Press Release: Farming's safety culture has to change, health and safety expert to tell farmers' meetingBy: Marketing Date: 04 February 2016
The culture of safety in farming has to change, for financial, legal and moral reasons – that is the hard-hitting message which will be conveyed by one of the industry’s leading health and safety experts at a farmers’ meeting in...
Press Release: Lovewell Blake announces two new managersBy: Marketing Team Date: 03 February 2016
Two new managers have been announced at Lovewell Blake, following internal promotions.
Alert: Higher rate pension tax reliefBy: Andrew Morley Date: 29 January 2016
Major pension providers and the media are reporting possible further changes to pensions in the forthcoming Budget on 16 March 2016.
Future50: Why a focus on brand adds real value to your businessBy: Murray Graham Date: 27 January 2016
To give you an idea of just how much real financial value a brand can bring, you only need to look at the actual values of some of the world’s biggest brands – these are actual numbers, equal in status...
Auto-enrolment: Are you ready?By: Lovewell Blake Financial Planning Date: 26 January 2016
According to the National Audit Office, 5.4 million eligible workers were enrolled in pension schemes by their employers between October 2013 and August 2015. This is a staggering number, but only really accounts for the employees of larger UK companies....
Press Release: Lovewell Blake expands network with acquisition of Cambridgeshire accountancy firmBy: Marketing Team Date: 20 January 2016
East Anglian-based accountancy firm Lovewell Blake has signalled further expansion with the acquisition of a longstanding firm in Ely, Youngman & Co. The move, the firm’s first into Cambridgeshire, will add a tenth office to its network.
The death of abbreviated accounts?By: Philip Bartram Date: 07 January 2016
Along with the vast majority of owner-managed companies, the chances are that you currently file abbreviated accounts with Companies House. It has been our normal practice for decades as it limits the amount of information that is placed on public record.
Anglia Farmers article: We mustn't waste this opportunityBy: Justin Wright Date: 31 December 2015
When Hugh Fearnley-Whittingstall gets on the campaign trail, the whole food supply chain – from farmer to supermarket – tends to get nervous. The man’s credible profile, coupled with his unerring knack of getting right to the nub of...
VAT Alert: Energy saving materials consultationBy: Liz Hill Date: 18 December 2015
At present, the supply and installation of energy saving materials in a residential property is only subject to the reduced rate of VAT at 5%. Energy saving materials includes the following: Solar panelsWind or water turbinesGround or air...
Credit where it is due.By: Justin Wright Date: 14 December 2015
Of the many things being examined by Groceries Code Adjudicator Christine Tacon, the issue of payment terms to food and drink producers from supermarkets is one which many in the industry will be keeping a close eye on.
VAT Alert: Christmas VAT issuesBy: Liz Hill Date: 11 December 2015
On the first day of Christmas, Lovewell Blake gave to me, a primer on Christmas VAT recovery.
Top five tips to help you prepare to start your career.By: Vicky Webber Date: 09 December 2015
Now that you have reached the final year of your studies, whether you are at school, college or university, you are probably thinking about your celebratory summer holiday and all the free time you will have once exams and assignments...
VAT Alert: Transfer of a business as a going concernBy: Liz Hill Date: 07 December 2015
A transfer of a going concern (TOGC) is a VAT free transaction providing certain criteria are met. The main criterion being that the seller and buyer are both VAT registered at the time of completion.
VAT Alert: Crowd fundingBy: Liz Hill Date: 04 December 2015
The European Commission’s VAT Committee has agreed some VAT guidelines in regard to crowd funding. Payments made by donors in reward for future goods or services can be seen as payments in advance and subject to VAT. However, if the...
Closure of the Business Growth ServiceBy: James Banham Date: 03 December 2015
Following the Autumn Statement on 25 November, the government has decided to wind down the national delivery of the Business Growth Service; in fact what they actually mean is stop with immediate effect.
VAT Alert: VAT for non-profit making sporting bodiesBy: Rob Geary Date: 02 December 2015
HMRC have issued a new briefing for non-profit making sporting bodies. The information sheet is predominantly aimed at golf clubs, but other non-profit making sporting bodies may be affected.
Autumn Statement 2015: A summaryBy: Marketing Team Date: 26 November 2015
Chancellor George Osborne delivered his Autumn Statement on Wednesday 25 November.
Awards success - Lowestoft and Waveney Chamber of Commerce Business AwardsBy: Andrew Turner Date: 25 November 2015
The 2015 Lowestoft and Waveney Chamber of Commerce Business Awards took place at Ivy House Country Hotel in Lowestoft on Friday 20 November.
Future50 Launch event 18 November 2015By: Marketing Team Date: 20 November 2015
We are proud to be supporting Future50 again this year, and the class of 2015 was announced on Wednesday 18 November at an event held at the Redwell Brewery in Norwich.
Press Release: Top award for Lovewell Blake’s James following outstanding exams successBy: Marketing Team Date: 18 November 2015
Lovewell Blake employee James Cooper has picked up a prestigious national award after scoring the highest marks in the country in his professional exams.
Press Release: NFU economist to speak at Lovewell Blake farmers eveningBy: Marketing Team Date: 17 November 2015
The state of the farming economy will be the topic for discussion at the next farmers evening, held by Suffolk Coastal NFU and Lovewell Blake, in Halesworth next month.
Changes to Gift Aid declaration for charities and community sports groupsBy: Stef Smith Date: 16 November 2015
HMRC have recently updated their model Gift Aid Declaration for charities and community amateur sports clubs (CASC’s) in order to reflect the current legislation. It should also make it clearer for donors to understand the way in which gift aid works.
Alert: Holiday parks - Helping you preserve the family asset for the next generationBy: Andy Miller Date: 12 November 2015
Front of mind for many family-run holiday parks is how to ensure a smooth succession to the next generation, whilst preserving the value of your business – and inevitably inheritance tax (IHT) planning will be a big part of this...
Bury Free Press article: Fears over changes to Business RatesBy: Brian Floringer Date: 06 November 2015
The Enterprise Bill is currently going through Parliament. Part of the Bill reforms the business rates appeals system. The government’s changes have been criticised by rates experts and business groups, amid concerns that the changes will act as a ‘barrier...
Flavours of Norfolk article: The food business - Here's to a challenging but happy New Year!By: Justin Wright Date: 06 November 2015
Justin Wright, gazes into his crystal ball to assess the opportunities and the challenges facing the food and drink industry in 2016.
From waste to tasteBy: Justin Wright Date: 06 November 2015
Apologies in advance for any pork based puns. As the Pig Idea continues to gains support (an initiative to raise the ban on feeding food waste to pigs), it’s got me thinking a little bit more about how much waste...
Press Release: Lovewell Blake staff strike it lucky with charity bowling nightBy: Marketing Team Date: 06 November 2015
Staff at Lovewell Blake’s Halesworth office have again raised a substantial amount for local good causes after organising another successful charity tenpin bowling evening.
Trainee intake at Lovewell BlakeBy: Vicky Webber Date: 02 November 2015
It’s that time of year again – we’re recruiting for trainee accountants. Our AAT and graduate positions will start in the summer of 2016 and the application process is open now and closes on 15 January. Make...
Norfolk Magazine: Evaluating market sell-offsBy: Graham Walker Date: 29 October 2015
Markets may have regained a degree of balance since what has been dubbed ‘Black Monday’ but sell-offs of the magnitude seen since mid-August undoubtedly unnerve investors. No matter how often investors are reminded that investing is a long-term...
Press Release: Succession planning for farmersBy: Chris Solt Date: 28 October 2015
Writing for the Farmers Weekly recently, Lord Donald Curry the cross-bench peer who himself farms near Hexham in Northumberland, expressed the opinion that a failure to successfully pass on the family farm to the younger generation is one of the...
State pension top-upBy: Graham Walker Date: 27 October 2015
The Government is offering an opportunity for those reaching their state pension age before 6 April 2016 to top-up their state pension income, even if they are deferring taking income benefits. This opportunity is only available from 12 October...
The food and drink sector set to pay for the Chancellor’s generosity to workersBy: Justin Wright Date: 22 October 2015
George Osborne’s Budget announcement of a new ‘National Living Wage’ (NLW) to replace the National Minimum Wage (NMW)– and the news that it will rise steadily towards £9 an hour by 2020 – will be good news for low-paid...
Press Release: Drone technology the focus of Lovewell Blake farmers eveningBy: Marketing Team Date: 20 October 2015
Drone technology and the ways it can be used to benefit the agricultural sector will be discussed at the next Farmers Evening, held by Suffolk Coastal NFU and Lovewell Blake later this month.
Budget update for medical professionalsBy: Graham Walker Date: 16 October 2015
Lifetime allowance reducing to £1 million As stated in our last alert, the lifetime allowance is reducing to £1million as at 6 April 2016. If you are a member of the 1995 section of the NHS pension scheme this equates...
Tax inversion – what could it mean for the SMEs in the UK?By: Simon Watson Date: 16 October 2015
The US is experiencing a growing tax-driven exodus as Corporate America continues to merge with or buy foreign companies so as to shift their domicile abroad. Despite President Obama historically stating that he plans to get tough on...
Auto-enrolment exam success!By: Graham Walker Date: 07 October 2015
We are please to pass on our congratulations to Hayley Sharman from Lovewell Blake Financial Planning Limited who has successfully obtained her Certificate in Pensions Auto-enrolment through the Pensions Management Institution.
Land and buildings: VAT implications when selling your farm businessBy: Liz Hill Date: 02 October 2015
In October's Anglia Farmer's article, Liz Hill writes about the VAT implications of selling your farm business.
September E-Tax NewsBy: Marketing Team Date: 28 September 2015
In this month’s E-Tax news we report on HM Revenue and Customs time to pay arrangements, the launch of Tax-Free Childcare, the latest National Minimum Wage campaign and changes to the rules for farmers averaging of profits. We also report...
Next generation – the importance of external experienceBy: Steven Scarlett Date: 23 September 2015
One of the challenges facing family businesses on succession, is ensuring that the next generation have the appropriate skills and experience to take the business forward successfully.
Future50...Where ambitious minds meetBy: Murray Graham Date: 22 September 2015
Lovewell Blake is pleased to once again be supporting Future50.
Compulsory charge for single-use carrier bagsBy: Liz Hill Date: 18 September 2015
The Government is to introduce a compulsory charge for single-use carrier bags from 5 October 2015.
Press Release: Lovewell Blake welcomes its 2015 intake of new recruitsBy: Marketing Team Date: 15 September 2015
Lovewell Blake, one of the region’s leading financial planning and accountancy firms, has taken on 18 new accountancy, tax and business administration trainees.
Press Release: More new talent bolsters Lovewell Blake teamBy: Marketing Team Date: 11 September 2015
Regional accountants, business advisers and financial planners, Lovewell Blake, have continued their local expansion by welcoming four new staff to their Great Yarmouth office.
Press Release: Russell retiring after years of loyal serviceBy: Marketing Team Date: 11 September 2015
Senior partner Russell Leggett retires at the end of the month after a Lovewell Blake career spanning five decades. Russell, the firm’s Great Yarmouth partner responsible for the energy and agricultural sectors, joined the firm in 1972, becoming a partner...
Press Release: Backing local business across the townBy: Marketing Team Date: 11 September 2015
Lovewell Blake has underlined its commitment to local businesses by sponsoring the Business of the Year category at this year’s Spirit of Enterprise Awards.
Auto-enrolment: Businesses at risk of financial penaltiesBy: Lovewell Blake Financial Planning Limited Date: 10 September 2015
Are you one of the thousands of small and medium-sized businesses about to reach your auto-enrolment staging dates? Recent research by The Pensions Regulator has found that around two thirds of businesses have yet to start their preparations, and many...
Flavours of Norfolk article: Knowledge is powerBy: Justin Wright Date: 04 September 2015
Food producers are often driven by a passion for their product, and they understand that achieving the very best quality means knowing all there is to know about their ingredients, suppliers, production process and recipes.
Not sure you can pay your tax on time?By: Philip Bartram Date: 03 September 2015
If you are concerned that you might not be able to pay your tax on time our general advice is that you communicate with HMRC before the due date. HMRC have discretionary powers to allow companies and individuals time...
Press Release: Leadership change signals new era at Lovewell BlakeBy: Marketing Team Date: 02 September 2015
Regional accountants, business advisers and financial planners Lovewell Blake are proud to announce the appointment of a new senior partner and managing partner to lead their new-look senior management team.
China and its falling stock marketBy: Chris Carter, Lovewell Blake Financial Planning Limited Date: 26 August 2015
Before looking at the reasons and immediate effects of the fall in value of the China stock market it is worth stating that when share prices are low there is a great buying opportunity. The idea of selling shares when...
VAT Alert: Update to energy saving material VAT rateBy: Liz Hill Date: 17 August 2015
Back in June we wrote about the outcome of the European Commission (EC) investigation into the UK’s treatment of VAT for companies installing energy saving materials.
More pension changes afoot Date: 13 August 2015
The Chancellor has begun further consultation looking at the way you save for your retirement. The way that pensions are looked at has changed drastically over the last few years, which means that this consultation hasn’t been welcomed by everyone.
Client Alert: No more 'tax free' dividends Date: 12 August 2015
As a shareholder of an owner managed company, it is likely you benefit from tax and NI efficient remuneration by drawing a low salary and then dividend to utilise the basic rate band of tax.
Summer Budget Summary 2015 Date: 13 July 2015
On Wednesday 8 July 2015 the Chancellor delivered his first Budget of this Parliament.
VAT Alert: Energy Saving Materials to Change from 5% to 20% VAT Rate Date: 19 June 2015
The last Labour government introduced a 5% VAT rate on the supply and installation of energy saving materials for residential property. The European Commission (EC) disagreed with the decision to charge the reduced rate of VAT and instigated proceedings against...
Revised Charity Reporting and Accounting Guidance (CC15) Date: 10 June 2015
The Charity Commission has updated its ‘Guidance on Charity Reporting and Accounting’ (CC15) documentation to reflect the recent increases in external scrutiny thresholds.
Changes to VAT for search and rescue charitiesBy: Liz Hill Date: 30 May 2015
If a charity operates as a search and rescue organisation, the following changes which come into effect on 1 April 2015, may affect it and the way it handles/incurs VAT. The 2015 Finance Act will give these organisations “Section...
Company car - Is it really a benefit worth having? Date: 15 May 2015
If your employer provides a company car as part of your benefits package you will pay tax on the deemed monetary value of that benefit. The cash equivalent is essentially treated as additional salary. The cash value is...
Could your family pay the price if you die intestate? Date: 07 May 2015
If you die intestate (without a will) there are certain rules about how your estate should be treated. On 1 October 2014 these rules were changed and if you don’t have a will in place this could jeopardise the inheritance...
Alert: Research and development tax incentives: https://t.co/ytHEhEF1BH 1 day ago
RT @JustinWrightLB: Are you ready for #tax #digitisation? | Lovewell Blake https://t.co/WCiOMxPyTm 1 day ago