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Welcome to the Lewis Brownlee Chartered Accountants Blog
Your trusted source for expert insights on UK tax, accounting, and business finance. Whether you’re a small business owner, a sole trader, or a larger enterprise, our blog offers valuable tips, updates on tax regulations, and practical advice to help you navigate the financial landscape with confidence.
Stay informed with the latest industry trends and guidance from our team of experienced Chartered Accountants.
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Last chance for participators in tax avoidance schemes to settle with HMRC?
Individuals who participated in disguised remuneration tax avoidance schemes (which typically involved money being moved to an offshore trust, EBT or EFRB before being loaned...
What happens if… My marriage fails?
Tax is unlikely to be at the forefront of an individual’s mind when they are going through a separation. However, a lack of tax planning in these circumstances can result in...
Are you aware of the recent changes to the taxation of termination payments?
There is a common misconception that the first £30,000 paid to an employee on the termination of their employment is free from income tax...
To incorporate or not incorporate? That is the question!
In recent years the changes to the UK tax system have become more complex having had a period of stability under the previous Labour administration and one of the recurrent...
Proposed changes to class 2 National insurance contributions – will this affect you?
From 6 April 2019 the way that class 2 national insurance contributions (NIC) will be assessed will be changing and there will be winners and losers. Currently most class 2...
EMI Share Schemes in Limbo
One aspect of EU membership is that member countries cannot offer their resident taxpayers advantageous tax treatment, unless they get permission from the EU to do so. This...
ATED – Do you know when your return is due?
Have you completed your 2018-19 ATED return due by 30 April? The Annual Tax on Enveloped Dwellings (“ATED”) applies to companies that own UK residential property valued at...
GDPR – The point of view of an Accountant
Have you thought about GDPR yet? The regulations come in on 25 May 2018 and much of the guidance on following the regulations is still incomplete. If you have done nothing –...
Disincorporation relief – What makes a qualifying transfer?
The transfer of a business out of a company will be a ‘qualifying transfer’ for the purposes of Disincorporation Relief if it meets all of the following conditions: The...
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