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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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Uplift of value of chargeable assets on death
Capital Gains Tax transfers between spouses or civil partners continue to be treated as nil gain, nil loss transactions. This means no Capital Gains Tax (CGT) liability arises...
Plans to Digitalise tax have been put back
The Government have announced significant changes to the (making Tax Digital) MTD timetable, effectively deferring MTD until at least 2020, although digital records will need...
Tax calculations for 2016-17
The latest changes to the way income is taxed has even beaten HMRC’s computer programmers. You are allowed to allocate your personal tax allowance in the way that gives the...
Understanding the VAT Registration Threshold in 2025
As of 1 April 2024, the VAT registration threshold in the UK increased to £90,000. This means that if a business’s taxable turnover exceeds £90,000 in any rolling 12-month...
Sole Trader bookkeeping with Lewis Brownlee
Here at Lewis Brownlee we know that being a sole trader is hard enough without having to keep track of all your expenses. To make life a bit easier we’re now offering 1Tap, a...
When is your home not a home?
In a recent case HMRC tried to deny capital gains tax private residence relief where an individual bought a property “off-plan” arguing that the ownership period started from...
Election Result
What does the Hung Parliament mean from a taxation viewpoint? Probably the status quo will have to remain for a while. We will have a weak Government that will not be allowed...
Do you really need to print that sales invoice?
There have been reports showing that the ink in an inkjet printer is dearer per centilitre than a bottle of Dom Perignon vintage champagne. So you might ask yourself, “Do I...
The Cloud – What’s the Silver Lining?
The American President, Benjamin Franklin, once said “in this world nothing can be said to be certain, except death and taxes”, a rather gloomy outlook on life but, alas, very...
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