Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Nigel Whittle: Dealing with Surplus Assets on Sale of Business
I have noticed a real upturn in merger and acquisition activity so far during 2018. One of the matters which may need addressing when buying or selling a business will be how to deal with surplus assets already held by the target business. Certain assets can be...
Paul Short: Valuing Farm Tenancies on the Balance Sheet
I sometimes think that we can miss a trick when presenting the balance sheets of farming companies and indeed farming partnerships as part of an application for finance. Very often the business will farmland under the tenancy, ie under an old-style Agricultural...
GDPR Update from Lisa Greenwood: An Individuals Perspective and Responsibility
On 25 May 2018 the new GDPR regulations came into place for businesses to adopt which effectively are a modernisation of the Data Protection Act. The change was to ensure that personal data is not freely transmitted and is adequately secured. Whilst this is a positive...
Personal Service Company Contracts
After recent IR35 cases have been decided, certainly Christa Ackroyd Media Limited, it has been suggested in the media and in articles that perhaps the contract should have been written in a better way. It has also been suggested that perhaps had Christa Ackroyd had...
Impact of Dividend Tax on Share Valuations
For many years accountants have advised owner managers to adopt a reward structure of low salary/high dividend when they are operating through a limited company. This nostrum has had a consequent influence on the valuations when we have to value a minority interest in...
GDPR are you ready?
Over the last few months, there has been much discussion over GDPR which is the new General Data Protection Regulation commencing 25 May 2018 and replaces the old Data Protection Act 1998. I was recently informed during an update course that little over 500,000...
Property Income Allowance (PIA)
There have been quite a few changes to the taxation of rental income and rental properties in the past few years – removal of “Wear & Tear” allowance, restriction of relief for loan interest, increased exposure to Stamp Duty Land Tax, extra Capital Gains Tax. And...
The moral of this story – look at the whole picture, and regularly!
(This is a summary of an actual case. The names and details have been changed slightly to protect the offending parties.) B Ltd was a relatively young metal fabrication company, set up by an entrepreneurial character (let’s call him Richard B) who saw a gap in the...
It’s all a Question of Credit
When I produce the Company Accounts, I often produce graphs of various ratios to discuss at the meeting, some of which would feature in the reports produced by Dun & Bradstreet, Credit Safe and Experian. Often these show a figure off trend and I might tell the...
Fake Companies House E-mails Continue…
We've received an email via a client, claiming to be from Companies House that looks genuine - the subject of the e-mail is ‘Companies House eReminder Service’. The e-mail does look like it comes from Companies House and I can understand why directors of companies may...
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The latest tax, employment, business and economic news affecting businesses and individuals alike.
