Here at Lewis & Co, as accountants, we always breathe a sigh of relief when February comes along and all our clients’ self-assessment tax returns have been completed and filed with HMRC. For businesses, with these figures now up-to-date, it’s a good time to work out where you are and make plans for the future […]
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According to the Charities Aid Foundation (CAF) Giving Report 2023, in 2022 people in the UK gave £12.7 billion to charity (an increase from £10.7 billion in 2021). Interestingly, animal welfare topped the list of causes donated for all months in 2022, except March and April when it was overtaken by overseas aid and disaster […]
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A New Year is traditionally the time for some resolutions and these typically include joining a gym, giving ‘Dry January’ a go or reading more books. But, what about resolutions in your business? Here are some suggested business resolutions for the year ahead: Get organised January is officially Get Organised Month, so this is a […]
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The run-up to Christmas is traditionally the busiest time of the year for accountancy firms and here at Lewis & Co, we are no exception. While we’ll be celebrating Christmas Jumper Day and enjoying mince pies alongside working our way through tax returns, we anticipate that our team festive celebrations will be happening in the […]
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Not long ago, we told you that somebody – who was employed and PAYE (pay as you earn) – had contacted us, having received an unexpected letter from HMRC asking them to submit a tax return. They thought they were covered by PAYE and were confused. However, a quick chat revealed that they were now […]
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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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