Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Making Tax Digital: The Countdown is on…
Are you ready? We commenced seminars for clients back in 2017 and since that time there have been changes to the original Making Tax Digital (MTD) rules. To start with, they are now only being implemented to affect VAT reporting. Lambert Chapman LLP have been...
The Problem with Child Benefit…
We are well aware of the charge on high earners for the Child Benefit allowance which has been in place since 2013. This means that those earning over the £50,000 have a charge which means that the benefit is completely lost for those earning more than £60,000....
Marathon Mark
I'm in! I am over the moon that the Helen Rollason Cancer Charity accepted my application to run for them in 2019. I have entered the public ballot every year and have never been successful. I always said I would run a full distance marathon before I turned 30, but...
Pensions – planning for your future or planning for now?
We are all aware that putting money into a pension enables us to save for our future retirement but have you considered the savings that are available now? Each year, we all have up to £40,000 of annual allowance for pension contributions. If you are an employee,...
Lucy Orrow: Entrepreneur’s Relief
In the 2018 Budget, the Chancellor introduced changes to Entrepreneur’s Relief, which is available on the disposal of assets or shares held in a personal company.
Richard Thomson: What is your Business Worth?
Over the past year to November 2018 (prior to the recent Brexit events!) we have seen increasing confidence and an increasing number of corporate finance transactions, including a number of acquisition approaches being made for businesses. As confidence has grown, we...
Paul Short: Beware, Landlords!
HMRC have been waging a successful campaign against landlords (many of them accidental) who have failed to disclose their income. It is easier for HMRC to cross check with land registry to identify landlords who are not disclosing their rental income. In addition...
Richard Thomson: Christmas Gifts to Staff
Further to my recent article regarding the tax implications of providing Christmas functions for staff, another area for consideration with the upcoming festive season will be the provision of Christmas gifts or bonuses to staff. Many firms will provide a Christmas...
Richard Thomson: Christmas Parties
As we are in 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 the...
Paul Short: Capital Gains Tax on the Former Matrimonial Home
In most cases the most valuable asset in the divorce will be the family home or the former matrimonial home (FMH) as it is destined to become, if indeed it has not already become the case. In some divorces, then FMH will have to be sold. In other cases, one spouse...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
