When I discuss a set of financial statements with a business owner, an often uttered lament is “I have made this profit but where’s the cash gone?”. In days of your, it was a requirement that a set of financial statements would include a cash flow statement as an...
The Partners at Lambert Chapman LLP swap their Tax Returns for Torquay to present a special, festive edition of Fawlty Towers! On behalf of all the Staff and Partners at Lambert Chapman LLP, may we take this opportunity to wish you a very Merry Christmas and a happy...
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....
Making Tax Digital (MTD) started becoming mandatory from 1 April 2019, meaning that the vast majority of VAT-registered businesses that are on a quarterly stagger should have submitted their first MTD VAT returns by now. I say ‘should’ since an HMRC...
For there to be a contract of employment in place, there are three main elements that need to be present. These are: Personal service – the need to carry out work by your own hand. Mutuality of obligation – there must be a mutual obligation between the parties for one...
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...
