Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Could you survive losing a big client?
In August, like many people of my age, I read, with some sadness, about the death of Gerd Müller, the legendary German striker. I always have that image of him hooking the ball past Peter Bonetti to knock us out of the 1970 World Cup quarter final. Müller was a...
Punching above our weight
I always try and take some time to read the financial press during the week and also the business section of the Sunday Times. It helps to keep me informed. I also often come across articles which are of interest to clients. Occasionally too I actually come across...
Farm accounts can be deceptive
“The figures don’t lie” is an established mantra for us Accountants and might generally be the case for a set of accounts, but interpretation of farm accounts can be deceptive. I reviewed a set of limited company farm accounts recently. On the face of it, to the...
Employee Share Incentive Plans
Many companies will seek to motivate staff through the provision of employee share incentive plans either using tax approved schemes such as SAYE, CSOP, EMI and SIP or by using unapproved schemes. The approved schemes offer tax advantages but have conditions to be met...
Inheritance Tax and Lifetime Giving
Lifetime giving can be an effective tool for individuals seeking to reduce their Inheritance Tax liabilities on death. The exemptions available which provide potential relief from Inheritance Tax include: An annual exemption of £3,000 per year. Wedding gifts up to...
Wills and Intestacy
We recommend that our clients have Wills prepared and that these are regularly reviewed and updated to reflect changes to their circumstances. A Will allows the individual’s Estate to be passed as the deceased intends and it also allows Inheritance Tax planning and...
Company purchase of own shares
For many small, unquoted companies - it may be difficult to find a purchaser when a shareholder wishes to dispose of their shareholding. In this article, we look at company purchase of own shares. The company may be owned by a limited number of individuals, often...
What should you do if you or your staff are ‘pinged’ by the NHS COVID-19 App?
It is being reported that there are an increasing number of people being ‘pinged’ by the NHS COVID-19 App. The terminology ‘pinged’ is referring to when a person is sent an alert by the App. The App sends anonymous alerts if the user has been in close contact with...
Freedom Day in the United ‘Pingdom’
“There’s a warnin’ sign on the road ahead” says Nick Forsyth as he considers the issues businesses face connected to Freedom Day In what became an expected move, our Government predictably threw the workplace safety measures back into Employers faces with effect from...
The Insolvency Process
Many companies will experience short-term trading and cashflow issues during their lifetime. If these become significant and the company is unable to recover, then the Directors may need to consider placing the company into insolvency. In law, a company is insolvent...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
