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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.
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Pensions or ISAs
ISAs enable one to receive tax free income... However with the tax breaks available for making pension contributions at present this might be an alternative consideration....
Time limits for submitting self-assessment tax returns
Due to a defeat in the Upper Tribunal HMRC have clarified the legislation. Tax returns for the years up to and including the year ended 5 April 2013 must be submitted by 5...
Let’s get fiscal! The boots have been purchased!
Following a busy January in the office, the team have been out spending their pennies on new walking boots ready for training for the PLOD, a 40 mile walk across the South...
‘Simple assessment’
Legislation will be introduced in Finance Bill 2016 to enable HMRC to send a Simple Assessment notice to customers with straightforward tax affairs which will set out their...
Trivial benefits in kind (BiK) – Relief from 6 April 2016
Legislation will be introduced in Finance Bill 2016 to amend Chapter 11 of Part 4 of ITEPA to provide a statutory definition of a trivial BiK. The exemption sets out a number...
Staging dates and auto-enrolment for pensions – directors
If a director-only company is exempt but receives a staging date notification from The Pensions Regulator, then the company needs to apply for the exemption. If a...
Moving a property from a company
Dividends from a company do not always have to be in cash form. They can be in specie. Provided the correct paperwork is drawn up there will be no stamp duty land tax on the...
Employment allowance for national insurance purposes
The allowance goes up from £2,000 to £3,000 from 6 April 2016. It is given as a deduction against the employer’s national insurance bill. However there is a snag. From 6 April...
Annual investment allowance and private use
When an asset is used partly for non-business use the capital allowances that can be claimed have to be reduced to reflect this. If you are only entitled to writing down...
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