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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.
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Lets Get Fiscal Fundraising!
Last weekend the team were out in force raising funds for Action Medical Research at the Portsmouth Summer Show. The team were even given a helping hand by a star guest,...
Losses from share dealing
Ordinarily one would expect HMRC to not allow such losses as trading losses, only as capital losses. However a recent first tier tribunal has ruled that in the case of A Ali...
VAT – exemption for studies taught ordinarily at school or university
Recent VAT appeals have confirmed that Pilates, belly dancing and motor cycle lessons are not classed as subjects ordinarily taught at school or university and therefore do...
Team LB at the CCCI Quiz!
A team from Lewis Brownlee came joint first in the Chichester Chamber of Commerce & Industry quiz this week, only losing out on the first prize at the tie break question....
Payrolling benefits
Mentioned before we believe but a reminder that if you have an informal agreement to payroll benefits in kind, you need to reapply before 6 April 2016 to do so for the year...
Rolling stones gather no MOSS!
Nothing to do with nature! HMRC have issued guidance as to simplification measures for UK businesses trading below the VAT registration threshold (currently £82,000), that...
Pitfall with cars – No 2 – to lease or not to lease
If a company takes out a lease and recharges the expenditure to an employee or director this does not prevent the scale charge for a car to apply. At best the taxable benefit...
Xero Add Ons – April
For those involved in farming and agriculture Xero now has as an add-on partner specific for your business, introducing: Farmflo With bespoke modules to cover Dairy, Beef,...
Pitfall with cars – No 1 – pooled cars (not pedalos!)
It is very difficult to make a company car a pool car and thereby avoid the benefit in kind provisions. To be exempt from such charges the car; Must actually be used by more...