Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Divorce and Capital Gains Tax
The taxation implications of divorce will normally not be an initial consideration for the divorcing parties. However, the taxation rules can create unwanted liabilities and we would therefore recommend advice is obtained at the earliest opportunity. For Capital Gains...
Plan B announcements – “Who makes these decisions?”
When you wake to discover that Rory Burns was bowled first ball and Stuart Broad has been benched with his replacement the spinner Jack Leach unlikely to bowl a ball according to Jonathan Agnew, you do tend to ask the question “who makes these decisions?“ But as the...
Annual Christmas Video 2021/22
Can I be Frank? Nick Forsyth sheds some light on this year’s Christmas Play Last year we took to Zoom to bring you an online extravaganza as social distancing wasn’t allowing us to do anything else and as we approach Christmas, it seems that we might be coming back...
Tax (Administration & Maintenance) Day
On 30 November 2021, the Government released a number of documents and consultations giving a first look at proposals intended to be considered in the coming months and years. One of the major areas in which decisions were made was for Capital Gains Tax. The Office of...
The Lambert Chapman Charity Quiz Night returns
After a year’s break as a result of the COVID-19 pandemic, the Lambert Chapman LLP Charity Quiz Night was held on Thursday 2 December at Braintree Golf Club where teams were competing to win the coveted trophy. Our quiz has been held for a number of years and is...
Christmas Parties
As we quickly approach the festive season, it is always a good time to recap on the tax reliefs which are available for staff entertaining. Generally, all staff entertaining will be an allowable tax deduction for the employer but there may be a charge to taxation on...
Christmas Gifts to Staff
Many firms will provide a Christmas bonus to staff. Often this will be in cash which will be taxable and will normally be processed through the payroll. However, small, low value gifts of goods to employees will normally be tax free if they fall within the trivial...
UK200Group – Small and Medium Enterprises Valuation Index
The UK200Group recently released their Small and Medium Enterprises Valuation Index. This provides detail on the sale multiples obtained on actual transactions involving the sale or purchase of UK businesses. The data for the index is provided anonymously by the...
The Impact of Covid on Furnished Holiday Lettings
Qualifying as a furnished holiday let still continues to provide additional taxation benefits when compared to normal renting. These taxation benefits include: Plant and machinery allowances can be claimed on furniture, equipment and fixtures. The profits count as...
Autumn Budget Comments from John Smith-Daye
As I have suggested before, it is more and more difficult to identify anything significant from a Budget Speech that has not been leaked or explained in detail beforehand. The Deputy Speaker commented on this too – she was not very happy that the Press get to know...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
