When launching a business, there are a number of questions which entrepreneurs typically ask. In addition to whether they should be a sole trader or a limited company, whether or not to register for VAT is a common query. The amount of VAT a business pays or claims back from HMRC is usually the difference […]
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Adam Bailey joined the team at Lewis & Co on 9 April 2018. He had previously been working as a bookkeeper for a cleaning company, where he was introduced to the basics of online accounting using software such as QuickBooks and Xero. Adam admits that he had no idea what he wanted to do when […]
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Happy Valentine’s Day! We hope you enjoy as romantic a day as you can in the midst of lockdown number three. If you’re not already married, then 14 February might make you think about popping the question. The good news is, if you do, then you could be on your way to saving some tax […]
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Now February is here, you might think that, as accountants, we would be putting our feet up and relaxing after all of your self-assessment tax returns have been completed and filed with HMRC. That’s not the case. In fact, we have some really important work to do in this month… minimising your future tax bills. […]
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Following the announcement of another nationwide lockdown, the Chancellor, Rishi Sunak, has unveiled £4.6 billion in new lockdown grants, including a one-off grant worth up to £9000 for businesses operating in the retail, hospitality and leisure sectors. This follows the Prime Minister’s announcement that these types of business will be closed until at least February […]
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We are entering the traditional Christmas party season but this year, like the majority of 2020, is going to be very different. Unless you run a small family business and live with your team members, then the only proper company get-togethers are likely to be online. Since March, we have got used to an online […]
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While nobody is quite sure what Christmas is going to look like this year, there is one way to guarantee that it will be less stressful and that’s by getting your Self Assessment tax return submitted well ahead of the 31 January deadline. Tax payers can complete their Self Assessment for the previous tax year […]
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In March, amid the crisis being caused by Covid-19, the Government announced that the IR35 tax reforms were to be pushed back by one year, coming into effect on 6 April 2021. Now, despite the ongoing impact of the pandemic, it seems that the Government is still planning to go ahead with these reforms next […]
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We recently received an email from a potential client which, we’re happy to say, happens fairly frequently. Like we do with any enquiries, we logged the message straightaway and responded that same morning to say we’d received it and would be getting back to them. In this case, the person wanted a quote for a […]
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While there is much talk about Making Tax Digital (MTD) and moving the entire process of keeping accounts and submitting a tax return totally online, HMRC is currently still accepting paper tax returns and around six per cent of people submitted their tax returns this way last year. However, something has changed this year. In […]
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