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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.
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...
Lets Get Fiscal! The training walk across the Southdowns!
Two weeks ago the team went for a 20 mile walk in the scorching heat across the Southdowns in preparation for the gruelling 40 mile walk in July. The walk started at Devils...
Losses and transfer of trade
Sometimes a loss making sole trader will incorporate in the expectation that the corner has been turned and the business becomes profitable or the protection of limited...
Xero Updates and Features – The latest from Xero!
The big news in Xero Updates and Features this month is BARCLAYS BANK FEEDS WILL BE HERE NEXT WEEK – Hooray!! Other not quite so big news: The bank statements have had a bit...
The Latest Xero Add-ons!
For those looking to set up and manage a website or online store, Xero has an add-on partner just for you. Introducing Airsquare! “The quick & easy way to create your own...
Changing lanes to get the answer they want
The Court of Appeal decided that cars leased by an employer to its employees on arm’s length terms did not constitute a taxable benefit in kind. HMRC had argued that the...
Construction Industry scheme Changes
From 6 April 2016, HMRC abolished monthly paper returns for the Construction Industry Scheme (CIS). All submissions must now be made electronically. So, we'd thought we'd...
Successful outcome for one of our clients!
We recently had a very successful outcome to a VAT investigation for one of our clients. HMRC were disputing the Flat Rate Percentage applied by our client, for the period May...
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