Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Craig Weavers – comments from Budget 2023
The overriding message from Spring Budget 2023 is one of building growth in the economy and to get more people working. The pension lifetime allowance is being abolished to try and incentivise those thinking of retiring early to continue and save more by way of...
Mike Carabine – Budget 2023 comments
First of all - congratulations to Jeremy Hunt for lasting as Chancellor long enough to actually present the Budget. It’s a good job he didn’t tweet about refugees or (Sir?) Stanley Johnson… Hunting for solutions When an accountant or tax adviser studies Budget...
Mark Pearson – Budget 2023 comments
The first Spring budget from Jeremy Hunt will help working families struggling with childcare costs and those looking to boost pension pots in preparation for retirement. With inflation at record highs, the government is trying to avoid the UK economy going into...
Graham McNeill – Budget 2023 comments
We saw a confident delivery from the Chancellor Jeremy Hunt with Budget 2023. 'A budget to build for the future' - 'The plan is working' - 'Drawing people back into the workplace!' Forecasts show the UK will avoid recession, but noted the size of the economy will...
Lucy Orrow – Budget 2023 comments
Budget 2023 seems to have been a quiet Budget for taxes whilst the Chancellor stood at the box. Then he sat down… Capital Allowances: The full expensing of capital purchases for businesses was a welcome announcement (made whilst standing, I will admit). This was...
Year end tax planning 2022/23
As we head towards the new tax year on 6 April 2023, there are lots of things to think about in relation to tax planning such as changes to tax bands, capital gains tax allowances, corporation tax rates and dividend allowances to name but a few. How can Lambert...
The importance of bookkeeping
We all lead such busy lives that the day-to-day task of bookkeeping is something that can often fall by the wayside. Should this be the case? Bookkeeping and keeping your accounts up-to-date can be as important as generating new business. From your records you should...
Making Tax Digital
Making Tax Digital (MTD) was introduced for VAT in 2019, whereby VAT registered businesses moved to making electronic MTD returns. The effect of the changes wasn’t as dramatic as initially expected with the submission being similar to that of an ordinary VAT return...
Is your business recession ready?
As we enter a period of significant uncertainty in our economy, is your business ready to deal with the challenges it may face in the next few years? With increasing interest rates, soaring energy prices and inflation at a modern day high, the impact on your business...
Changes to the VAT penalty regime
As if there haven't been enough changes to contend with in recent times in the ever-evolving world of VAT; Making Tax Digital, Domestic Reverse Charge, temporary VAT rate changes as a result of Covid-19 and our good friend Brexit; further changes are coming... With...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
