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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.
VAT and tax points
Just a reminder a business has 14 days after the supply of goods or services before an invoice must be raised to create an actual tax point, and in the case of continuous...
Section 336 expense claims
One of the section numbers in the Taxes Acts that gets quoted more often than most! These are the responsibility of the employee, but those that are attached to the original...
The latest from Xero!
Xero have informed us that they we be moving their customers data to a new platform. Xero will be down while your data is being transferred. The transfers will take place...
Team LB at the CMA Quiz!
A team from Lewis Brownlee took part in the CMA quiz last week, which was held at Fratton Park in aid of St Wilfrid's Hospice​ Chichester. The team came 5th out of 35 teams,...
Transferable personal allowance (marriage allowance)
HMRC are running a radio campaign to encourage individuals to take this up! With effect from 6 April 2015 if one of a married couple or civil partnership is a non-taxpayer and...
Personal tax accounts (PTA)
Unfortunately access to personal tax accounts, which will include details of things such as PAYE coding notices, will not be available to agents at present.
R and D and pension contributions
If a company qualifies for R & D (research and development) relief remember that it might be more tax efficient to pay a director engaged in such activities contributions...
Free fuel for a company car
Just a reminder that you should really do the calculations to see if the provision of free fuel for private motoring is worthwhile. In virtually all cases unless there is high...
Income tax and national insurance on overvalued shares
Beware that if a company buys back minority holdings discounting for non-influential minority holdings, the PAYE and NIC consequences must be considered. If the sum paid is...
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