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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.
Tax credits – renewal deadline looming!
Why the Tax Credits Renewal Deadline Matters Tax credits help many households manage their finances. However, failing to renew on time can result in lost entitlements. The tax...
Employing your children?
Employing your children can provide tax benefits while giving them valuable work experience. If structured correctly, it is a legitimate and tax-efficient business expense. To...
Let’s get fiscal! The time has come!
You can now nominate a family member or friend to help with your personal tax affairs through the GOV.UK portal. This does not change or replace the system for authorising...
Buy to let – personal or company ownership
There is no simple answer to which is the best option, following the significant changes made to how the income is taxed when property is not held through a company. Three...
New state pension entitlement
How Contracting Out Affects Your New State Pension Entitlement The new state pension entitlement depends on your National Insurance (NI) record. If you were ever contracted...
Class 1A NIC Payments for the year ended 5 April 2016
Remember to use your 13 character Accounts Office reference followed by 1613 to make sure that the payment is allocated correctly. Class 1A NIC Payment is due on benefits in...
Advisory fuel rates – small increases from 1 June in most rates
Employers can continue to use the old rates until 30 June. These advisory fuel rates are used to determine the rate of reimbursement required from employees who do private...
Stamp duty and second homes – relief extended
Understanding Stamp Duty on Second Homes Since 1 April 2016, buyers of second homes must pay an extra 3% Stamp Duty Land Tax (SDLT) surcharge. This applies even if the second...
Xero Support – Paying a supplier invoice in 2 (or more) payments
If a purchase invoice in Xero is cleared by multiple payments, Xero will not automatically be able to match the bank transactions to the correct item. Below are the steps on...
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