Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Christmas Gifts to Staff
Many firms will provide a Christmas bonus to staff. Often this will be in cash which will be taxable and will normally be processed through the payroll. However, small, low value gifts of goods to employees will normally be tax free if they fall within the trivial...
UK200Group – Small and Medium Enterprises Valuation Index
The UK200Group recently released their Small and Medium Enterprises Valuation Index. This provides detail on the sale multiples obtained on actual transactions involving the sale or purchase of UK businesses. The data for the index is provided anonymously by the...
The Impact of Covid on Furnished Holiday Lettings
Qualifying as a furnished holiday let still continues to provide additional taxation benefits when compared to normal renting. These taxation benefits include: Plant and machinery allowances can be claimed on furniture, equipment and fixtures. The profits count as...
Autumn Budget Comments from John Smith-Daye
As I have suggested before, it is more and more difficult to identify anything significant from a Budget Speech that has not been leaked or explained in detail beforehand. The Deputy Speaker commented on this too – she was not very happy that the Press get to know...
Autumn Budget 2021 Predictions by Paul Short
Nostradamus Revisited In February this year I broke with my convention and predicted what the Chancellor would announce in his Spring Budget. I reckoned that allowances would be frozen and this proved to be precisely what the Chancellor announced, indeed freezing many...
Forensic Accounting Services
Our specialist forensic accounting and expert witness team continues to advise on business valuations, loss claims and financial disputes. Many of our assignments relate to divorce where business valuations are needed to assist with proceedings. Often we will also be...
Proactive Advice from your Accountant
I have always kept in touch with one of my old chums from university, Ian. Ian has built up a very successful business. It is very much a family concern, with the children and now young grandchildren becoming involved. The business is based in the North West. Ian...
In memory of Bill Stichbury
We were saddened to learn this week of the death of our former Partner Bill Stichbury on October 2nd after a battle with dementia. Bill was a longstanding Practitioner in Maldon having joined the Practice of B W Broadhurst, initially travelling in by train from the...
The Jimmy Greaves Principle (or the modern equivalent in taxation)
There was a nationwide outpouring of sadness over the news of Jimmy Greaves passing recently. The obituaries inevitably included the story of Jimmy’s brief sojourn in Italy and his subsequent transfer back to England. Jimmy couldn’t settle in Italy after his transfer...
Privacy Policy (Update Oct 2021)
Lambert Chapman LLP understands that your privacy is important to you and that you care about how your personal data is used. We respect and value the privacy of all of our clients and will only collect and use personal data in ways that are described here, and in a...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
