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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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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...
Payrolling benefits in kind
Employers who wish to use this service to payroll employee expenses and benefits instead of submitting forms P11D must register before 5 April 2016. This hopefully will reduce...
Deemed domicile with effect from 6 April 2017
Two categories of persons will be affected by the proposed changes: Non-UK domiciled individuals who have resided in the UK for at least 15 out of the last 20 tax years before...
Nudge letters from HMRC
Understanding Nudge Letters from HMRC The nudge letters from HMRC are a strategic tool used to encourage taxpayers to settle disputes or disclose unpaid tax. These letters are...
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