Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Lucy Orrow: Are you thinking of buying ‘off-plan’?
There has been a recent case going through the courts where Mr Higgins purchased an apartment in 2004 and paid a holding deposit but issues relating to the title prevented construction from starting. Mr Higgins did not therefore move into the apartment until January...
Richard Hamilton: Do your charity accounts comply with the regulations?
I was recently asked to run a training session for a local charity regarding common accounting issues and, whilst preparing for this, I was surprised to discover the number of sets of financial statements submitted to the Charity Commission that they deem to be...
Inheritance Tax Update from Lucy Orrow – Directors Loan Account
Did you follow the herd at the turn of the decade and incorporate your sole trade or partnership? The aim at the time was to reduce risk and increase security against creditors, which would still be true today. In addition, the Entrepreneur’s Relief Capital Gains Tax...
Residential Nil Rate Band & Downsizing
We’ve all come across people who in later life have decided to move to a smaller property, “now the kids have moved out” or “we don’t need the space, it’s too much work”, but how are these people affected when it comes to the new Inheritance Tax rules for leaving...
Making Tax Digital for VAT
With only seven months to go until the Making Tax Digital for VAT #MTDfV deadline, most businesses above the £85,000 threshold should already be integrating the new digital tax system into their processes, but is that happening in reality and do people really know...
Lucy Orrow: Self Assessment Tax Return Dates for your Diary
With the last of the public holidays behind us until Christmas and the kids back to school, it’s time to set your mind to filing your tax return. Change of Circumstances? Are you newly self-employed, have you been promoted to company director, made a capital disposal,...
Is your business ready for the unexpected?
Personal circumstances recently reiterated the need for all of us to think about and prepare for the worse. The worse relates to two main events firstly death (one of life’s certainties) and secondly mental or physical incapacity. Some business owners are likely to...
Corporate Finance Update from Nigel Whittle: Mergers
Merger and acquisition activity has hit a ten year high in the UK and we are seeing a similar high level of activity here at Lambert Chapman LLP. One of the more difficult transactions is carrying out a successful merger. Anecdotally between 30% - 40% of mergers do...
Payroll and Pensions Update for Employers
This article concentrates on several changes that have occurred over recent months that all Employers should be aware of and should have already implemented together with common issues we come across within the payroll department. 1. From April 2018, increase in the...
An Update on our Forensic Accountancy Team
We think Lambert Chapman LLP is quite rare amongst accountancy firms of our size in that we have our own Forensic Team. We are called into action in two main areas: 1. We take instruction from Solicitors to assist in Matrimonial cases. 2. We might also be...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
