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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.
A level playing field for all the home nations?
This is no longer the case in the world of tax and the way that the surcharge on stamp duty land tax (SDLT - England, Wales or Northern Ireland) or the land and buildings...
Farmers (and market gardeners) averaging – changes for 2016/17 onwards
For a long time HMRC have recognised that farming profits can be affected by a lot of factors, including the weather and therefore to smooth out the rate of tax payable they...
Borrowing money tax free from your limited company
Remember that if you borrow up to £10,000 there is no benefit in kind. However the company has to pay 32.5% of the value of the loan to HMRC if the loan is still outstanding...
Transferring stock or work in progress to a limited company
If you incorporate a business stock or work in progress should be valued at the higher of cost or market value. This could trigger a large tax bill on unrealised profits. It...
Let’s get fiscal! The challenge is completed!
A great BIG THANK YOU to everyone who supported us in our epic 40 mile midnight trek at the weekend. We are all a little worse for wear, some nasty blisters and extreme...
Tax credits – renewal deadline looming!
This must be done by 31 July 2016 or you might permanently lose the right to some credits. If you have not received a renewal pack by 27 June 2016 contact HMRC on 0345 300...
Employing your children?
Provided your child works for you or your company and they are paid at a commercial rate, this is a tax deductible expense for the business but is likely to be tax free for...
Let’s get fiscal! The time has come!
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...
Buy to let – personal or company ownership
There is no simple answer to which is the best option, following the significant changes made to how the income is taxed when property is not held through a company. Three...
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