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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.
What are Management Accounts?
What are Management Accounts? The production of your annual accounts looks back in time to establish how the business performed throughout the last financial year, what...
Why have a Virtual Financial Controller and how does it work?
Why do companies choose the ‘VFC’ service instead of employing someone in-house? Traditionally businesses employ in-house financial controllers to provide financial support,...
Brexit and the impact on auditing rules
In the lead up to, and following, the UK’s exit from the EU, the Government released several statutory instruments which impacted the auditing rules. The Statutory Auditors...
Falling AIA (Annual Investment Allowance) from 1 January 2021
Annual Investment Allowances (AIA) up to 31 December 2020 are available in respect of qualifying capital expenditure up to a £1,000,000 limit, but from 1 January 2021 this...
To lease or buy your new agricultural equipment?
It is hard enough for you to run your business, without having to know the rules for tax and accounts for HP, leasing and buying equipment . Our team understands that every...
Changes coming for sales made to EU member countries
EC SALES LISTS From 1 January 2021 sales of services made to EU VAT registered businesses will no longer be reported on an EC Sales List. Any sales made to EU VAT registered...
The Job Support Scheme – Starting from 1 November
The Government’s new Job Support Scheme (JSS) comes in to effect from 1 November 2020. It will run for 6 months until 30 April 2021. Adapted to provide different types...
Change for farming and horticulture – How Lewis Brownlee can make this easier for you.
The industry is constantly changing and farmers and horticulturalists have shown themselves to be adaptable and resilient in the face of this change. We can be your trusted...
SEISS – The Tax Effect
The SEISS grants are taxable in the tax year of receipt. If you are a sole trader who has an accounting year end after 5 April 2020, the tax effect could be unexpected. For...
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