Lambert Chapman News

Lambert Chapman LLP's Nick Forsyth asks "Do you have a robust cash and business plan for 2012?"

19-01-2012 GMT

We’d all be excused for feeling more than a little punch drunk after the final months of 2011 took their toll on the majority of Britain’s business owners with low growth prospects for 2012 and the long running saga of the Euro zone. But a...

Lambert Chapman LLP warn about the new self assessment penalties

10-01-2012 GMT

This year’s self assessment deadline has an important distinction from those that have gone before. The penalty for failing to file a return on time has always been £100 but if the amount of tax was lower than this sum the fine was reduced to th...

Chris Harman asks, "Could your Company pay less Corporation Tax by using Patent Box?"

4-01-2012 GMT

'Patent Box'. An unusual name for an interesting area which in a number of cases is the source of income for some companies.

If your company:
• has a patent on intellectual property in the UK, or,
• will be pa...

Lambert Chapman LLP's Paul Short looks at debt lock up and the professional firm

8-12-2011 GMT

The VAT rate went up from 17.5% to 20% on 1 January 2011. The focus of any increase tends to be on the impact on the hard pressed consumer. I just wondered what the effect is on professional firms. Let us take a firm of Accountants, Insole Bailey & Knight. Their debt lockup average is 90

Lambert Chapman LLP's Nick Forsyth asks "Is this the end for Capital Allowances?"

5-12-2011 GMT

One of the most enjoyable part of taking my professional exams was learning the tax rules relating to capital allowances. As someone from a smaller firm once learned they were applied in my daily work. During my career I have seen a myriad of First Year Allowance rates before the introduction of the Annual Investment Allowance (AIA)

Lambert Chapman LLP staff enter Greavsie's Sports Quiz

21-11-2011 GMT

On 17 November 2011, Nick Forsyth, Paul Short, Mike Carabine and Richard Hamilton attended “Greavsie’s Sports Quiz” at The Notleys Golf Club. They were joined in the team, named D...

Lambert Chapman LLP review UK200Group Economic Review 2011

9-11-2011 GMT

The second UK200Group Economic Review was held at The Rivenhall Hotel on 3 November 2011 and nearly 100 people attended to hear Lloyds Bank Corporate Markets Senior Economist Rhys Herbert speak to us. When the title of the presentation is “Inter...

Lambert Chapman LLP enter Annual Music Quiz

8-11-2011 GMT

On 7 November 2011, Lambert Chapman LLP entered a team into the annual Music Quiz, organised by the South Essex Society of Chartered Accountants.

The quiz featured eight ...

Lambert Chapman LLP's Nick Forsyth asks "Is that dividend legal?"

2-11-2011 GMT

Years ago HM Revenue & Customs (HMRC) would pursue a Director personally whose Company had ceased trading with unpaid PAYE liabilities relating to their own salary. We have not seen this situation in recent times because salaries have been low and...

Lambert Chapman LLP publish Autumn Snapshots newsletter

26-10-2011 GMT

We enclose the Autumn edition of Snapshots in which we look at H M Revenue & Customs’ review of trades, how to keep your dividends legal, home to work travel, our Management Accounts Service and a review of the ‘Hairy Accountants’...