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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.
Explore our articles and discover how we can support your financial success.
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 tax code adjustments are changing, aiming to make use of real-time information to improve PAYE tax accuracy. This new strategy ensures the correct tax is deducted at...
BPR and estates
Business Property Relief for shares can significantly reduce inheritance tax, but careful planning is needed to maximise its benefits. Understanding how to use this relief...
Relevant life policies – tax efficient life insurance
Term assurance for directors and employees offers valuable financial security for businesses and their staff. These policies provide critical support during difficult times,...
Uniforms for staff
Branded clothing benefit in kind rules provide businesses with tax-efficient ways to offer staff branded uniforms without unnecessary tax implications. Including your firm’s...
A friend in need is a friend indeed!
You can now nominate a family member for tax affairs through the GOV.UK portal. This system provides a straightforward way to allow someone you trust to assist with your...
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 need to obtain missing P60 or P45 documents, Lewis Brownlee can help. With an agent’s authority in place (signed form 64-8), we can request this information from HMRC...
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