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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.
Class 2 National Insurance Contributions – pay while stocks last!
If you are self-employed and have a deficient national contribution record for state pension it might pay you to pay class 2 contributions in any in date year where you have...
2 Step Verification for Businesses Accessing HMRC services
From September 2017, 2 Step Verification will be compulsory for businesses accessing their online tax accounts. This means that in addition to the usual log in details,...
CT acknowledgements and payslips
Do remember to pay the corporation tax due. HMRC are no longer issuing acknowledgements or payslips after a return has been filed. HMRC is still paying interest at 0.5% on tax...
Uplift of value of chargeable assets on death
It remains the position that transfers between husbands and wives or civil partners are at nil gain nil loss for capital gains tax purposes. HMRC have indicated in their...
Plans to Digitalise tax have been put back
The Government have announced significant changes to the (making Tax Digital) MTD timetable, effectively deferring MTD until at least 2020, although digital records will need...
Tax calculations for 2016-17
The latest changes to the way income is taxed has even beaten HMRC’s computer programmers. You are allowed to allocate your personal tax allowance in the way that gives the...
VAT registration threshold
This has increased to £85,000 from 1 April 2017 (and deregistration limit to £83,000). Remember that exempt income does not have to be included such as rental income or bank...
Sole Trader bookkeeping with Lewis Brownlee is now as easy as 1Tap!
Here at Lewis Brownlee we know that being a sole trader is hard enough without having to keep track of all your expenses. To make life a bit easier we’re now offering 1Tap, a...
When is your home not a home?
In a recent case HMRC tried to deny capital gains tax private residence relief where an individual bought a property “off-plan” arguing that the ownership period started from...
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