If you’re a sole trader, then your second Payments on Account (POA) deadline is on the horizon, on 31 July, when you are expected to pay half of your estimated tax for the 2023/2024 tax bill. This figure, which appears on your most recent tax statement (which you can access online), is based on the […]
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There’s an old adage which says ‘never work with children or animals’ but a number of our clients have chosen to ignore this and have built some successful businesses working with both! In terms of animals, we support clients who work with dogs – as groomers, walkers and kennel-owners, for instance – and in the […]
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While we are all hoping that football will be ‘coming home’ this summer – we can reveal that, in September, it really will be! The Eland Cables FISTF World Club 2024 is being hosted in Tunbridge Wells. FISTF stands for Federation International Sports Table Football and, here at Lewis & Co, we are proud to […]
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We were able to enjoy a really lovely team get-together in the sunshine on Friday 24 May. After our fabulous day out at Balfour last year, we asked Emma Broom of Opulence Bespoke Wine Experiences to once again organise it all for us and she once again did a really super job! This time we […]
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According to the UN Tourism Organisation (UNWTO), international tourism is well on track to return to pre-pandemic levels, with figures at the end of 2023 at 88% of 2019. Last year, the Middle East – which includes the ever-popular destination of Dubai – led the recovery, as the only region to overcome pre-pandemic levels, with […]
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HMRC is warning people to be wary of bogus tax refund offers, explaining that taxpayers who completed their tax return for the 2022 to 2023 tax year on time, could be taken in by messages offering a tax rebate. HMRC responded to 207,800 referrals from the public of suspicious contact in the past year to […]
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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 is usually the difference between the […]
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HMRC recently quickly reversed a decision to close its self-assessment telephone helpline for half of the year (between April and September), saying that, taxpayers would have to use online services instead. While the waiting times have been lengthy to answer calls, there was an outcry when it was announced that the helpline would be partly […]
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We’ve all met that person down the pub who tells us, with confidence, that you can put practically everything against tax – from your work clothing to your summer holiday (as they encourage you to believe you can easily call a casual chat with somebody by the pool a business meeting). There are certainly expenses […]
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According to figures from the Department for Culture, Media & Sports, in 2022 music, performance and visual arts contributed an estimated £11.5 billion to the UK economy. The economic output of the sector saw a large decrease in 2020 because of the coronavirus pandemic. However, by 2022, it had recovered to above its 2019 level. […]
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