Goringe Accountants http://goringeaccountants.co.uk Specialising in growing businesses Thu, 10 Apr 2014 11:54:16 +0000 en-GB hourly 1 http://wordpress.org/?v=3.9 SRA Solicitor Accounts Ruleshttp://goringeaccountants.co.uk/sra-solicitor-accounts-rules/?utm_source=rss&utm_medium=rss&utm_campaign=sra-solicitor-accounts-rules http://goringeaccountants.co.uk/sra-solicitor-accounts-rules/#comments Mon, 07 Apr 2014 11:30:55 +0000 http://goringeaccountants.co.uk/?p=5315 Solicitors Regulation Authority The Solicitors Regulation Authority (SRA) regulates solicitors in England and Wales. It requires all solicitors with client money accounts to submit an annual accountants report. Goringe Auditors Limited specialises in delivering these reports. The audits are in the public interest; solicitors might hold client money for a number of reasons (e.g. probate, conveyancing or to fund court cases), so it’s critical that there are regular Read more [...]

Original article: SRA Solicitor Accounts Rules by Goringe Accountants from Goringe Accountants

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Statutory Audits — who needs them?http://goringeaccountants.co.uk/statutory-audits/?utm_source=rss&utm_medium=rss&utm_campaign=statutory-audits http://goringeaccountants.co.uk/statutory-audits/#comments Sun, 02 Mar 2014 17:38:39 +0000 http://goringeaccountants.co.uk/?p=5258 Jacqui Waring of Goringe Auditors Limited has prepared this handy guide to statutory audits: what they involve, why they matter and who needs them. What is a statutory audit? It’s an independent confirmation that a company’s accounts show a true and fair view, and meet all necessary accounting requirements. It started as a requirement for listed companies to give investors confidence in the company’s accounts. It is also required for certain private companies Read more [...]

Original article: Statutory Audits — who needs them? by Jacqui Waring from Goringe Accountants

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DIY Investment Withdrawalshttp://goringeaccountants.co.uk/investment-withdrawals/?utm_source=rss&utm_medium=rss&utm_campaign=investment-withdrawals http://goringeaccountants.co.uk/investment-withdrawals/#comments Fri, 21 Feb 2014 15:12:53 +0000 http://goringeaccountants.co.uk/?p=5244 Many investors may decide to hold their chosen funds in an onshore or offshore investment bond "wrapper". It has some unique options that make it particularly attractive to certain investors, especially higher rate tax payers who may at some point may want to withdraw up to 5% of their original investment each year, without any immediate income tax liability. Taking more than your 5% But what happens if you need to withdraw a larger sum than 5%? The dangers of DIY Read more [...]

Original article: DIY Investment Withdrawals by Paul Milnes from Goringe Accountants

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New Business Partners: LAUDIShttp://goringeaccountants.co.uk/business-partners-laudis/?utm_source=rss&utm_medium=rss&utm_campaign=business-partners-laudis http://goringeaccountants.co.uk/business-partners-laudis/#comments Sun, 26 Jan 2014 10:44:17 +0000 http://goringeaccountants.co.uk/?p=5200 Goringe Accountants is delighted and privileged to partner with LAUDIS Business Advisors, who help ambitious business owners and directors achieve extraordinary results. LAUDIS is a small group of highly experienced business advisors with many years direct experience in running successful companies. If you want your business to experience rapid growth and above average performance — or you’re considering selling and want to maximise the value on exit — John Read more [...]

Original article: New Business Partners: LAUDIS by Goringe Accountants from Goringe Accountants

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New Subsidiary: Goringe Auditors Ltd.http://goringeaccountants.co.uk/goringe-auditors/?utm_source=rss&utm_medium=rss&utm_campaign=goringe-auditors http://goringeaccountants.co.uk/goringe-auditors/#comments Sun, 12 Jan 2014 14:55:29 +0000 http://goringeaccountants.co.uk/?p=5078 Goringe Auditors Limited — a new subsidiary of Goringe Accountants — became official auditors in December 2013. The ICAEW — one of the bodies that govern financial audits in the UK — awarded the Goringe Auditors team a registration certificate, which means they’re now qualified to offer audits of financial statements. Nicky Goringe Larkin, Founder and Managing Director comments: Jacqui Waring, who underwent her accountancy training in the audit department Read more [...]

Original article: New Subsidiary: Goringe Auditors Ltd. by Goringe Accountants from Goringe Accountants

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British Accountancy Awards 2013 – Highly Commendedhttp://goringeaccountants.co.uk/british-accountancy-awards-2013/?utm_source=rss&utm_medium=rss&utm_campaign=british-accountancy-awards-2013 http://goringeaccountants.co.uk/british-accountancy-awards-2013/#comments Sun, 08 Dec 2013 16:59:02 +0000 http://goringeaccountants.co.uk/?p=4855 Goringe Accountants wins 'Highly Commended' accolade in the 2013 British Accountancy Awards The prestigious British Accountancy Awards took place in London at the end of November and saw the team at Goringe Accountants win 'Highly Commended' in the category of Independent Firm of the Year, South East England. The awards seek to reward firms that have provided the highest quality of service to their clients, adding significant competitive advantage. Since 2007, Founder Read more [...]

Original article: British Accountancy Awards 2013 – Highly Commended by Goringe Accountants from Goringe Accountants

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Pensions: Opting out is not an optionhttp://goringeaccountants.co.uk/pensions-opting-out/?utm_source=rss&utm_medium=rss&utm_campaign=pensions-opting-out http://goringeaccountants.co.uk/pensions-opting-out/#comments Thu, 21 Nov 2013 15:51:01 +0000 http://goringeaccountants.co.uk/?p=4817 In the last 30 years the longevity of the UK population has increased significantly with the number of centurions growing fivefold to over 12,500.  Scientists now believe that with recent breakthroughs in regenerative medicine, the first person to live till their 200 has already been born. There are now more than 11 million people aged over 65 and with another 5 million expected to join them before 2032, the UK economy faces a pressing dilemma. Not enough workers Read more [...]

Original article: Pensions: Opting out is not an option by Paul Milnes from Goringe Accountants

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Business Networking Evening at Lamborghini Pangbournehttp://goringeaccountants.co.uk/business-networking-evening-lamborghini-pangbourne/?utm_source=rss&utm_medium=rss&utm_campaign=business-networking-evening-lamborghini-pangbourne http://goringeaccountants.co.uk/business-networking-evening-lamborghini-pangbourne/#comments Wed, 06 Nov 2013 20:34:52 +0000 http://goringeaccountants.co.uk/?p=4795 Local accountancy practice stages free networking event Goringe Accountants Hosts Business Networking Evening at H.R.Owen Lamborghini in Pangbourne. Reading-based accountancy practice, Goringe Accountants, stages regular business networking events to help its clients make connections, forge alliances and win business. Tuesday 17th September, the team at Goringe Accountants hosted its free event at the Lamborghini Centre in Pangbourne. Over 30 clients, prospects Read more [...]

Original article: Business Networking Evening at Lamborghini Pangbourne by Goringe Accountants from Goringe Accountants

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Pension Liberation – Decisions Decisionshttp://goringeaccountants.co.uk/pension-liberation-decisions/?utm_source=rss&utm_medium=rss&utm_campaign=pension-liberation-decisions http://goringeaccountants.co.uk/pension-liberation-decisions/#comments Sun, 27 Oct 2013 21:10:43 +0000 http://goringeaccountants.co.uk/?p=4773 The phrase Pension Liberation has a very empowering feel to it and its one that a large number of unscrupulous companies are playing on, with promises to access your pension early and get back more than you would normally be permitted. As HMRC take action to close more than 400 of these schemes, when can you actually take your pension benefits and what are the (legitimate) methods that can be used to enhance them? Seek professional advice This is the one time in Read more [...]

Original article: Pension Liberation – Decisions Decisions by Paul Milnes from Goringe Accountants

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Death and Taxeshttp://goringeaccountants.co.uk/death-taxes/?utm_source=rss&utm_medium=rss&utm_campaign=death-taxes http://goringeaccountants.co.uk/death-taxes/#comments Thu, 12 Sep 2013 10:50:26 +0000 http://goringeaccountants.co.uk/?p=4686 Benjamin Franklin once famously said that the only two things that are certain in life are death and taxes. Unfortunately, in the case of inheritance tax, both can occur at the same time and have an equally devastating effect on your family. However, despite what you might read in the press, inheritance tax (IHT) is actually a voluntary tax and with some careful planning it is possible to reduce or avoid it. IHT is affecting more people than ever With the current Read more [...]

Original article: Death and Taxes by Paul Milnes from Goringe Accountants

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Zero Hours Contractshttp://goringeaccountants.co.uk/zero-hours-contracts/?utm_source=rss&utm_medium=rss&utm_campaign=zero-hours-contracts http://goringeaccountants.co.uk/zero-hours-contracts/#comments Tue, 06 Aug 2013 09:52:57 +0000 http://goringeaccountants.co.uk/?p=4636 What are zero hours contracts? A zero hour contract may be agreed between an employer and employee when the number hours of work is not known. Employees will only work when required. Some more onerous contracts can make shifts compulsory if offered, which means that employees have very little flexibility. Why are zero hours contracts getting negative press Some very large employers are imposing zero hour contracts upon their employees. This gives greater control to Read more [...]

Original article: Zero Hours Contracts by Nicky Larkin from Goringe Accountants

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Dividends And Taxhttp://goringeaccountants.co.uk/dividends-and-tax/?utm_source=rss&utm_medium=rss&utm_campaign=dividends-and-tax http://goringeaccountants.co.uk/dividends-and-tax/#comments Sun, 28 Jul 2013 19:28:43 +0000 http://goringeaccountants.co.uk/?p=4612 Dividends for business owners One of the main forms of remuneration for limited company business owners is the dividends that they are awarded from their business. The following is a brief guide to dividends and tax. What is a dividend? A dividend is a payment made by a limited company to its shareholders. When a company earns a profit, it can either re-invest it in the business (called retained earnings / reserves), or it can distribute it to shareholders. A dividend Read more [...]

Original article: Dividends And Tax by Nicky Larkin from Goringe Accountants

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Sage Business Experthttp://goringeaccountants.co.uk/sage-business-expert/?utm_source=rss&utm_medium=rss&utm_campaign=sage-business-expert http://goringeaccountants.co.uk/sage-business-expert/#comments Sun, 28 Jul 2013 18:05:53 +0000 http://goringeaccountants.co.uk/?p=4593 Nicky Goringe Larkin of Goringe Accountants becomes Sage Business Expert Business software and services provider Sage has launched its first ever online advocacy programme, and Reading-based accountancy practice owner Nicky Goringe Larkin has been head-hunted as one of the top UK business experts. The Sage Business Experts programme started in September 2012, when Sage recruited well-connected business people to join a group that supports and advises the UK business Read more [...]

Original article: Sage Business Expert by Goringe Accountants from Goringe Accountants

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Goringe Accountants Celebrates 6 Year Anniversaryhttp://goringeaccountants.co.uk/goringe-accountants-6-year-anniversary/?utm_source=rss&utm_medium=rss&utm_campaign=goringe-accountants-6-year-anniversary http://goringeaccountants.co.uk/goringe-accountants-6-year-anniversary/#comments Sat, 29 Jun 2013 16:25:19 +0000 http://goringeaccountants.co.uk/?p=4563 Business Networking Evening At Bentley Theale-based company, Goringe Accountants, stages regular business networking events to help its clients make connections, forge alliances and win business.  Early in June 2013, the team at Goringe Accountants hosted a special evening to celebrate the company’s 6th anniversary. Over fifty clients and friends gathered at the Bentley Centre in Pangbourne to mingle with like-minded business owners, sip Champagne and enjoy canapés Read more [...]

Original article: Goringe Accountants Celebrates 6 Year Anniversary by Goringe Accountants from Goringe Accountants

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Fixed Fees – Benefits & Riskshttp://goringeaccountants.co.uk/fixed-fees-benefits-risks/?utm_source=rss&utm_medium=rss&utm_campaign=fixed-fees-benefits-risks http://goringeaccountants.co.uk/fixed-fees-benefits-risks/#comments Sun, 16 Jun 2013 17:51:52 +0000 http://goringeaccountants.co.uk/?p=4429 Fixed Fees When delivering a service, product or solution many businesses may offer a fixed fee. This makes it easy for the customer to understand how much they need to budget, and the service provider knows how much money they will receive. Fixed Fee Scenario Amelie would like a new kitchen, however she has fixed budget of £10,000. Luckily Gorgeous Kitchens Ltd sell and install kitchens, and Amelie really likes some of the designs. Sam from Gorgeous Kitchens Ltd Read more [...]

Original article: Fixed Fees – Benefits & Risks by Nicky Larkin from Goringe Accountants

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Financial Portfolio – Know Your Limitshttp://goringeaccountants.co.uk/financial-portfolio-know-your-limits/?utm_source=rss&utm_medium=rss&utm_campaign=financial-portfolio-know-your-limits http://goringeaccountants.co.uk/financial-portfolio-know-your-limits/#comments Fri, 14 Jun 2013 18:02:36 +0000 http://goringeaccountants.co.uk/?p=4351 In the past the financial stability of banks, insurance companies and investment houses was probably not given the prominence it deserved by investors when deciding on a home for their money.  Surely if you stuck with the large, well-known companies your money would be safe. In 2008 this became a lesson sorely learned and hardly a week went by without the likes of Lehman Brothers, RBS and Northern Rock hitting the headlines. Financial Services Compensation Scheme Read more [...]

Original article: Financial Portfolio – Know Your Limits by Paul Milnes from Goringe Accountants

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Travel Expenses – what can I claim for?http://goringeaccountants.co.uk/travel-expenses-claim/?utm_source=rss&utm_medium=rss&utm_campaign=travel-expenses-claim http://goringeaccountants.co.uk/travel-expenses-claim/#comments Sun, 19 May 2013 15:00:41 +0000 http://goringeaccountants.co.uk/?p=4138 Travel Expenses Clients often get confused as to which work travel expenses may be allowable or not. The following article is going to highlight the common items that I often have to clarify with clients. You may be reading this from various perspectives, as an employee, a sole trader or an owner/director of a limited company, I will try to cover some of the different aspects of travel expenses that may be relevant to you. Place of work As an employee you will not Read more [...]

Original article: Travel Expenses – what can I claim for? by Nicky Larkin from Goringe Accountants

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A Healthy Retirementhttp://goringeaccountants.co.uk/healthy-retirement/?utm_source=rss&utm_medium=rss&utm_campaign=healthy-retirement http://goringeaccountants.co.uk/healthy-retirement/#comments Sun, 21 Apr 2013 14:41:34 +0000 http://goringeaccountants.co.uk/?p=4039 For most investors approaching retirement their pension planning has probably been, up to that point, a relatively straightforward equation. How much can I afford to pay into my pension, when do I pay it and what funds do I invest in? There is of course the small matter of how well the funds perform (a subject close to all our hearts) but the objective is to hopefully amass a sufficient retirement fund without taking too much risk. It’s only once you get to retirement Read more [...]

Original article: A Healthy Retirement by Paul Milnes from Goringe Accountants

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Income Protection Insurance (IPI)http://goringeaccountants.co.uk/income-protection-insurance-ipi/?utm_source=rss&utm_medium=rss&utm_campaign=income-protection-insurance-ipi http://goringeaccountants.co.uk/income-protection-insurance-ipi/#comments Fri, 05 Apr 2013 20:21:14 +0000 http://goringeaccountants.co.uk/?p=4032 How To Protect Your Income Have you considered what would happen if you couldn’t work due to an illness or an accident? If you are employed, how long will your company continue to pay your salary? If you’re self-employed, do you have emergency funds to access? What about long-term, where you cannot go back to your current occupation? Can you survive on statutory sick pay, currently £85 per week? A solution is Income Protection Insurance (IPI) How Read more [...]

Original article: Income Protection Insurance (IPI) by Victoria Bulgin from Goringe Accountants

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Double Charged On Retail Distribution Review (RDR)http://goringeaccountants.co.uk/double-charged-retail-distribution-review/?utm_source=rss&utm_medium=rss&utm_campaign=double-charged-retail-distribution-review http://goringeaccountants.co.uk/double-charged-retail-distribution-review/#comments Sat, 23 Feb 2013 16:25:25 +0000 http://goringeaccountants.co.uk/?p=3971 It has now been a month since the long awaited introduction of the Retail Distribution Review (RDR). The new legislation introduced by the Financial Services Authority (FSA) has outlawed the payment of commission to financial advisers on all advice relating to investments pensions and annuities. Previously the cost of advice would be paid up front by the investment or pension provider as commission, with this cost recouped from the investor through the initial and Read more [...]

Original article: Double Charged On Retail Distribution Review (RDR) by Paul Milnes from Goringe Accountants

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Delayed Investment Costhttp://goringeaccountants.co.uk/delayed-investment-cost/?utm_source=rss&utm_medium=rss&utm_campaign=delayed-investment-cost http://goringeaccountants.co.uk/delayed-investment-cost/#comments Sat, 23 Feb 2013 16:12:48 +0000 http://goringeaccountants.co.uk/?p=3973 When looking for the best performing funds we sometimes overlook the basics of investing. The old adage that you should never put off till tomorrow what you can do today should ring true with all investors, especially those in the early stages of planning for their retirement. It is a fact that earlier in our working lives other priorities prevent us from investing as much as we would like for our retirement. We tell ourselves that we will make up for lost time once Read more [...]

Original article: Delayed Investment Cost by Paul Milnes from Goringe Accountants

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Top Tips For Getting The Best Mortgagehttp://goringeaccountants.co.uk/top-tips-best-mortgage/?utm_source=rss&utm_medium=rss&utm_campaign=top-tips-best-mortgage http://goringeaccountants.co.uk/top-tips-best-mortgage/#comments Sat, 23 Feb 2013 15:49:26 +0000 http://goringeaccountants.co.uk/?p=3958 Trying to find the best mortgage products these days can be a tiresome task; do you go into the Bank, consult an Independent Mortgage Adviser, look at best buys tables or trawl the Internet or a combination of them all? In this article we can look at each of these options in more detail to help you work out how to get the best mortgage for you. At Regency Partnership we take great care and pride when we call ourselves Independent, we have decided to recommend Read more [...]

Original article: Top Tips For Getting The Best Mortgage by Chris Pownall from Goringe Accountants

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Gilt Edged Problemhttp://goringeaccountants.co.uk/gilt-edged-problem/?utm_source=rss&utm_medium=rss&utm_campaign=gilt-edged-problem http://goringeaccountants.co.uk/gilt-edged-problem/#comments Thu, 10 Jan 2013 19:22:19 +0000 http://goringeaccountants.co.uk/?p=3912 George Osborne is set to not only ruffle the feathers of the bond market but potentially catch out investors who believe they are taking sensible precautions to de-risk their pension portfolio as they approach retirement. This week the Office for National Statistics will announce its recommendations for changing how the Retail Price index (RPI) will be calculated. The ONS are expected to recommend bringing RPI into line with the (lower) Consumer Price Index (CPI) Read more [...]

Original article: Gilt Edged Problem by Paul Milnes from Goringe Accountants

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Another Interest Rate Anniversaryhttp://goringeaccountants.co.uk/interest-rate-anniversary/?utm_source=rss&utm_medium=rss&utm_campaign=interest-rate-anniversary http://goringeaccountants.co.uk/interest-rate-anniversary/#comments Thu, 10 Jan 2013 19:04:47 +0000 http://goringeaccountants.co.uk/?p=3905 Another year and another anniversary.  We are now fast approaching 4 years since the last interest rate move in the UK.  In March 2009 the Central Bank cut rates to 0.5% and we have spent 46 frustrating months trying to second guess when they will start to move in a northerly direction again. Future Indications Indicators certainly seem to point to the status quo being maintained throughout 2013 but a more pessimistic (or is that realistic?) view from the Investment Read more [...]

Original article: Another Interest Rate Anniversary by Paul Milnes from Goringe Accountants

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Benefits Of Personal Cash Flow Modellinghttp://goringeaccountants.co.uk/benefits-personal-cash-flow-modelling/?utm_source=rss&utm_medium=rss&utm_campaign=benefits-personal-cash-flow-modelling http://goringeaccountants.co.uk/benefits-personal-cash-flow-modelling/#comments Sat, 05 Jan 2013 11:05:48 +0000 http://goringeaccountants.co.uk/?p=3892 What is cash flow modelling? Cash flow modelling is a tool used by Lifestyle Financial Planners to help clients understand their current financial position and their future financial position by generating a graphical, financial planning forecast. In short it shows a client whether or not they may run out of money in the future, whether they may have ‘too much’ money, when they may be able to retire or if they can afford to treat themselves to a luxurious holiday Read more [...]

Original article: Benefits Of Personal Cash Flow Modelling by Victoria Bulgin from Goringe Accountants

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RDR – Avoid A DIY Disasterhttp://goringeaccountants.co.uk/rdr-diy-disaster/?utm_source=rss&utm_medium=rss&utm_campaign=rdr-diy-disaster http://goringeaccountants.co.uk/rdr-diy-disaster/#comments Mon, 17 Dec 2012 15:14:36 +0000 http://goringeaccountants.co.uk/?p=3859 The 1st January 2013 sees the dawning of a fresh new age in UK financial services.  The slate will be wiped clean with the introduction of the Retail Distribution Review (RDR) and the world will be a better place. RDR Theory No longer will we see unscrupulous, under qualified, commission hungry financial advisers standing on every street corner waiting to sell us products we don’t need where the term “high yield” relates to their remuneration rather than our Read more [...]

Original article: RDR – Avoid A DIY Disaster by Paul Milnes from Goringe Accountants

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Combating Rising Energy Priceshttp://goringeaccountants.co.uk/combating-rising-energy-prices/?utm_source=rss&utm_medium=rss&utm_campaign=combating-rising-energy-prices http://goringeaccountants.co.uk/combating-rising-energy-prices/#comments Thu, 29 Nov 2012 18:01:14 +0000 http://goringeaccountants.co.uk/?p=3845 Do you have a strategy for combating rising energy prices? With the governments energy bill published last week pushing their support of renewable energy further, it looks certain that energy bills for commercial and home use will continue to rise significantly through increases in unit costs and carbon taxes such as the climate change levy. So what are the options for mitigating this inevitable rise? Surprisingly few businesses have an energy strategy in place, Read more [...]

Original article: Combating Rising Energy Prices by Chris Bourke from Goringe Accountants

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Offshore Bondshttp://goringeaccountants.co.uk/offshore-bonds/?utm_source=rss&utm_medium=rss&utm_campaign=offshore-bonds http://goringeaccountants.co.uk/offshore-bonds/#comments Thu, 29 Nov 2012 17:34:10 +0000 http://goringeaccountants.co.uk/?p=3838 Offshore Life Insurance Investment Bonds What are offshore bonds? In technical terms, they are non-qualifying whole of life insurance policies.  In practical terms, they are a tax efficient ‘wrapper’, much like a pension or ISA wrapper. Why are offshore bonds so tax efficient? Other than a small element of withholding tax, all of the investments held within the bond accumulate tax free. There may be some tax to pay when a ‘chargeable event’ occurs (which Read more [...]

Original article: Offshore Bonds by Victoria Bulgin from Goringe Accountants

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What Is Real Time Information (RTI)http://goringeaccountants.co.uk/real-time-information-rti/?utm_source=rss&utm_medium=rss&utm_campaign=real-time-information-rti http://goringeaccountants.co.uk/real-time-information-rti/#comments Sun, 18 Nov 2012 11:54:54 +0000 http://goringeaccountants.co.uk/?p=3827 HMRC is introducing a new way of reporting PAYE (Pay As You Earn) - called Real Time Information, or RTI. From April 2013 employers and pension providers will report their payroll information to HM Revenue & Customs (HMRC) in a new way. They will send HMRC information about any payments and deductions they make to employees or pension recipients each time they are made, as part of the payroll process. Payroll software will simply collect the information and Read more [...]

Original article: What Is Real Time Information (RTI) by Elliot Hobden from Goringe Accountants

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Advantages Of Part Time Employeeshttp://goringeaccountants.co.uk/advantages-part-time-employees/?utm_source=rss&utm_medium=rss&utm_campaign=advantages-part-time-employees http://goringeaccountants.co.uk/advantages-part-time-employees/#comments Sat, 27 Oct 2012 16:27:46 +0000 http://goringeaccountants.co.uk/?p=3808 Flexible Parental Leave The BBC popped into our office this month to interview us regarding the proposed flexible parental leave that may come in in 2015; and we were filmed for The Daily Politics (no I didn’t manage to get a mug!). We have mixed views on it, it could mean that Mum’s are out for a shorter period which is good news for the employer, however, if the leave is extremely flexible, i.e. Mum takes a few months, then Dad, then Mum again it could become Read more [...]

Original article: Advantages Of Part Time Employees by Nicky Larkin from Goringe Accountants

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