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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.
Income disregards for tax credits
From 6 April 2016, the threshold for income disregards for tax credits has been reduced from £5,000 to £2,500. This means that if your income increases within the tax year,...
Reduction in annual pension allowance
From 6 April 2016 there is a phased reduction in the annual allowance that can be contributed to a pension scheme. The excess becomes an unrelieved pension contribution. Two...
Starter checklist for new employees
When a new employee does not have a P45, HMRC advises that they should complete a starter checklist for new employees. This ensures they are placed on the correct tax code...
Let’s get fiscal! The training has begun!
The Let’s Get Fiscal fundraising challenge is well underway, and our team has already started training hard—despite the muddy conditions! We are taking on the challenge to...
Class 3A NIC
Men born before 6 April 1951 and women born before 6 April 1953 who reach pension age before 6 April 2016 can top up their state pension by paying these contributions. This...
The latest from Xero
Auto enrolment is now available with the following features: Staging dates – if not already enter Xero will enter for you Postponement date for both employees and the company...
CIS returns for nil payments
Under the Construction Industry Scheme (CIS), contractors must submit a monthly CIS return to HMRC, even if no payments were made to subcontractors during the period. Failing...
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...
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