We’re very much at the beginning of the new financial year and you’re probably feeling as if you have all the time in the world to file your self-assessment tax return. You may even be one of the 735,258 taxpayers who filed their last tax return on 31 January this year, just hours before the […]
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You’re probably beginning to read and hear the phrase Making Tax Digital more and more. In a nutshell from 1st April 2019 HMRC will be rolling out its Making Tax Digital (MTD) initiative. Announced in the Spring 2015 Budget, HMRC is replacing the old tax system for businesses and individuals with digital tax accounts. Everything […]
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With the 2018/19 year end just around the corner, now is the perfect time to consider the many ways you can reduce your tax bill, whether for the current financial year or for 2019/20. It’s amazing how quickly 5th April approaches, so now is an ideal opportunity to sit down with your accountant to discuss […]
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While Valentine’s Day is very popular for partnerships of the romantic kind, we’ve been considering those of a more professional nature. While we wouldn’t presume to give advice on matters of the heart, we do know business and would urge anyone thinking of going into business with a partner to consider the pros and cons […]
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Nearly every one of us will make a New Year’s Resolution come January. Often we’ll choose getting fit, eating more healthily or learning a new skill. But for some of us, our New Year’s Resolution is about becoming our own boss. In fact, of the hundreds of thousands of new businesses that will be set […]
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With exactly a week to go until the big day, it is time for us to wish all of our clients a very Merry Christmas and a Happy New Year. It has been another successful year at Lewis & Co, with lots of new exciting business start-ups and some more established businesses becoming clients. We […]
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A few days ago the 2018 Autumn Budget was announced in Parliament, outlining the Government’s annual review and future spending strategies. A helpful summary of the main points from this Budget can be found on our website under the Reports section. If you require any further advice or have any questions relating to this Budget […]
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VAT – Brexit In just over five months, on 29th March 2019, after two long years of negotiating, the UK will be leaving the EU. Even if the possibility of the UK leaving without a trading agreement in place seems rather unlikely, it is still prudent for businesses who deal with VAT to have a […]
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If you are required to make a payment to HMRC before the end of the month you may be able to reduce the amount due, or eradicate it all together. The payment due represents half of your total liability for the previous tax year (2016/17) and is paid upfront towards the subsequent tax year (2017/18) […]
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The new tax year has recently commenced, bringing with it a host of new legislation. The tax free personal allowance for individuals has risen from £11,500 to £11,850, with income between £11,850 and £46,350 being taxed at the basic rate of 20%, £46,350 to £150,000 will be taxed at the higher rate of 40%. If […]
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