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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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Corporation Tax Payslips
Due to the problems experienced by some companies and their agents following HMRC’s decision to cease issuing Corporation Tax payslips, the CIOT asked HMRC if they could...
In-Year Adjustment (IYA) and In-Year Restriction (IYR) coding adjustments
HMRC are planning to introduce new deductions to tax codes, trying to better use information available to them in real time, and therefore to ensure that the correct tax will...
BPR and estates
If shares qualify for 100% business property relief no inheritance tax is payable but if those shares are left to a surviving spouse the relief is wasted as such transfers are...
Relevant life policies – tax efficient life insurance
This is term assurance which runs for a number of years decided upon when the policy is taken out. It pays out if a director or employee dies while they are in their job and...
Uniforms for staff
The inclusion of your firm’s logo, if sufficiently obvious and recognisable, can turn otherwise ordinary clothing into uniform and not be taxed as a benefit in kind. If you...
A friend in need is a friend indeed!
You can now nominate a family member or friend to help with your personal tax affairs through the GOV.UK portal. This does not change or replace the system for authorising...
Tax-Free Childcare
The new scheme was launched on 28 April 2017, but not for all parents. If you have children aged under 2 you should have received a letter from HMRC inviting you to register....
Tax-free awards for long service – can these be increased?
The tax-free amount has remained at £50 per annum for each year of service with a minimum of 20 years service for a long time. The gift must not be cash or vouchers that can...
Employment Details
If you cannot find your P60 or P45 we can, if we have an agent’s authority in place (signed form 64-8), request this from HMRC. However they will not give this information to...
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