Clients regularly ask us about the tax implications of buying a vehicle through their business. The first question we’d ask is around what type of vehicle you are looking at purchasing and there is a difference between vans and cars. Generally, vans (lorries or trucks) are treated in the same way as plant and machinery, […]
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We are delighted that accountant, Amy Scott, is now part of our team at Lewis & Co. She has experience working for a couple of local accountancy firms and now runs her own practice but is working with us three days a week. “Gary and I had met at a networking event at Metro Bank […]
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It’s exciting to be a launching a business and then driving it forward. Often though, everything seems very much ‘in the moment’ but it’s important to sit down and make a business plan. This is a document which outlines your business goals and strategies, as well as any steps you need to take to achieve […]
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If you’re in full-time employment, tax tends to be a little less complicated than those who own their own business or are self-employed. Generally your tax objections are taken care of through PAYE (pay as you earn), without the need to fill-out a self-assessment tax return. However, this changes when you are in the position […]
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HMRC has eyes everywhere and not just in the UK. Somebody recently got in touch, as they’d unexpectedly received a letter from HMRC about a property they are renting out overseas and have done for a while. The letter invited them to make a ‘voluntary disclosure’. Naturally, the letter was worrying, particularly as they were […]
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According to Zoopla, in June 2023, the housing market remained fairly active, despite rising mortgage rates. In fact, total new sales agreed in the first five months of the year recovered to within 2% of the five-year average. RightMove says that properties in Tunbridge Wells had an average price of £563,664 over the last year. […]
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It’s September and officially ‘back to school’ after the long summer break. This is traditionally a time to get organised – buy shiny new shoes and sort out that pencil case. For businesses, this is also a time to re-group, particularly after the summer break and perhaps a bit of down time. However, there are […]
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If you make the decision run your business as a limited company and take on future employees (other than yourself as the sole employee) – then you will need to set up a payroll process. If you haven’t done this before, it can be complicated and time consuming, as there are many aspects to consider, […]
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From our base in Southborough, near Tunbridge Wells, we not only support our largely local client base, we also enjoy working with clients based further afield and also some who live overseas. Currently, around 5.5 million people from Britain live overseas, according to the Institute for Public Policy Research (IPPR), with these people spread throughout […]
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If you’re a sole trader, then your second payments on account deadline is on the horizon – 31 July this year – when you are expected to pay half of your estimated tax for the 2022/2023 tax bill. This figure, which appears on your most recent tax statement (which you can access online) is based […]
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