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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’ averaging rules – changes for 2016/17 onwards
Farming profits can fluctuate significantly due to factors like weather, market conditions, and supply chain issues. To ease tax burdens, HMRC allows farmers to average their...
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!
Why the Tax Credits Renewal Deadline Matters Tax credits help many households manage their finances. However, failing to renew on time can result in lost entitlements. The tax...
Employing your children?
Employing your children can provide tax benefits while giving them valuable work experience. If structured correctly, it is a legitimate and tax-efficient business expense. To...
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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