All posts in the News category

New CGT Reporting Process

According to the property website Zoopla the number of homes sold in the UK is expected to fall by 60% in the next three months. There was a 40% drop in housing enquiries for the week to 22 March, the week before the lockdown, and new sales agreed fell by 15% on the previous week. […]

Read more...

Why does the tax year begin in April?

Monday 6 April marks the beginning of yet another tax year and if you’re running your own business or have to complete a self-assessment tax return for any reason, it’s a date which seems to come around more quickly each year. In the current climate, when many of us are having trouble working out what […]

Read more...

Covid-19: Director-Only Limited Companies

The Government has now confirmed that director-only limited companies can indeed qualify for furlough status. Directors, whose work has dried up, can only carry out work that is necessary to fulfil their statutory obligations, rather than their normal day-to-day work. If the company has ceased trading completely, which will be common place for many one-person […]

Read more...

Lewis & Co Office Update

Following the Prime Minister’s statement on Monday evening, we have made the decision to work from home for the next few weeks.

Read more...

IR35 Tax Reforms Delayed

Amid the crisis being caused by Covid-19, the Government has announced that the IR35 tax reforms are being pushed back by one year…

Read more...

Balancing the Budget

A few months ago the then Chancellor Sajid Javid set Wednesday 11th March as the date for his first Budget and the first since the general election…

Read more...

Another year draws to a close

Only a few weeks ago, we were reminding our clients to submit their self-assessment tax returns and the team at Lewis & Co was busy tying up any loose ends to make sure everyone hit the 31 January deadline. Now we find ourselves close to the end of yet another tax year. With that in […]

Read more...

Meet The Team – Part 1

Managing Director Gary Cornwell has been with Lewis & Co for over 16 years now, having originally visited for work experience while still at school. “Looking back, I was really lucky with how the team at Lewis & Co supported me during those two weeks, particularly the then Managing Director Barney Lewis,” says Gary. “I […]

Read more...

When is my tax for 2018/19 due?

If between 6th April 2018 and 5th April 2019 you earned untaxed income, such as that from a rental property or from a self-employment, you will need to file a Self Assessment Tax Return with HMRC. The online Self Assessment Tax Return which you will be required to complete is due for submission to HMRC […]

Read more...