Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Personal Tax Autumn Budget Predictions 2024
As tax advisers, we need to consider all current and future changes happening in our field of expertise. The next Budget date has been set for Wednesday, 30 October 2024, as Chancellor Rachel Reeves outlines plans to address a £20bn deficit. This will be the first...
Case Study – cash flow forecasting
When it comes to your business accounts, do you know what your cash flow looks like for the next few months? Do you know what the future looks like? Have you got enough money to pay your liabilities as they fall due? Do you know when your business may run out of...
Death of the P11d? Mandatory payrolling of benefits from 2026
From April 2026, the government will mandate the reporting and payment of Income Tax and Class 1A National Insurance Contributions (NICs) on benefits in kind via payroll software. Why are HMRC mandating? HMRC is implementing this change as part of its wider plans to...
Making a disclosure to HMRC
We often get approached by individuals who have not reported all their income or gains to HMRC. In the first instance, we discuss whether there is a requirement to file and what information will be needed. It can be a scary time, especially if HMRC has issued a...
Save time and outsource your payroll
Many businesses ask 'Why should I outsource the payroll service when I can do it in-house?' and 'What are the benefits to me as a business owner?'. Navigating payroll processing in-house can be stressful. Keeping abreast of current payroll legislation can practically...
Paul Short Retirement
Paul possibly won’t be too pleased when he sees this article as he doesn’t like a lot of fuss, but there are times when you need to step over the line and this is certainly one. When Paul joined Nigel (Whittle), Chris (Harman) and I (Nick Forsyth) as a fourth...
Are you using the correct National Insurance category letters?
In this article, I am going to look at National Insurance (NI) category letters, which is an area often overlooked by employers. In my 8 years of running payrolls, I see the same issues around which letter should be assigned to certain employees and so I will cover...
Euro 2024 played out at our Professional Networking Breakfast
You heard it here first – Croatia will win the Euros and England will get knocked out on penalties. Well, one of those statements seems more likely than the other but at least none of the England players were abused for missing as it went to 7 all before the deciding...
P11D – Employers return of Directors/Employee’s Expenses and Benefits in Kind
It is time to prepare the Forms P11D and P11D(b) for the 2023-24 tax year. The Forms are the employer’s responsibility. They are required for directors and employees who are provided with benefits or for whom you pay or reimburse non-deductible expenses. The Forms...
Supporting the Maldon Mud Race 2024
The Lambert Chapman Maldon office is proudly supporting this year's *world famous* Maldon Mud Race which is taking place on Sunday 2nd June at Promenade Park. The charity event is sold out and 300 fundraising competitors will sludge through the River Blackwater to the...
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The latest tax, employment, business and economic news affecting businesses and individuals alike.
