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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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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
Workplace pensions auto-enrolment is a legal requirement for UK businesses, ensuring employees are automatically enrolled into a pension scheme. However, director-only...
Moving a property from a company
When moving a property from a company, many assume the transfer must be treated as a benefit in kind or a standard sale. However, there is a more tax-efficient option:...
Employment allowance for national insurance purposes
From 6 April 2016, the Employment Allowance for National Insurance increases from £2,000 to £3,000. This allowance helps businesses by reducing their Employer’s National...
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...
Diesel cars
Understanding the Benefit in Kind Supplement for Company Diesel Cars The benefit in kind (BIK) supplement for company diesel cars is an important consideration for businesses...
Buy to let through a company
With the restriction of the relief for interest paid on a buy to let property to basic rate only where owned by unincorporated entities it might be worth considering acquiring...
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