Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Paul Short: The Rational Investor
Share valuations are always challenging, particularly those involving the valuation of a minority share interest and each set of circumstances is different. Even so, one finds that many valuers adopt a mechanical and formulaic approach to this process. One selects a...
Lambert Chapman LLP Strengthen Firm with Changes to Top Team
We are delighted to announce that Graham McNeill is joining the Partnership on the 1st of July 2018. Graham joined us in 2001 as a trainee and has worked in Nigel Whittle’s team progressing to become a Senior Manager in 2015. In the last 12 months, he has added...
Lisa Greenwood: The True Power of Computerised Accounts Software
During my career I have seen the transition of clients using manual records, ranging from a carrier bag of invoices to beautifully maintained simplex books, to the use of computerised accounting software both on a desktop and in the cloud. Many businesses use...
Nigel Whittle: Dealing with Surplus Assets on Sale of Business
I have noticed a real upturn in merger and acquisition activity so far during 2018. One of the matters which may need addressing when buying or selling a business will be how to deal with surplus assets already held by the target business. Certain assets can be...
Paul Short: Valuing Farm Tenancies on the Balance Sheet
I sometimes think that we can miss a trick when presenting the balance sheets of farming companies and indeed farming partnerships as part of an application for finance. Very often the business will farmland under the tenancy, ie under an old-style Agricultural...
GDPR Update from Lisa Greenwood: An Individuals Perspective and Responsibility
On 25 May 2018 the new GDPR regulations came into place for businesses to adopt which effectively are a modernisation of the Data Protection Act. The change was to ensure that personal data is not freely transmitted and is adequately secured. Whilst this is a positive...
Personal Service Company Contracts
After recent IR35 cases have been decided, certainly Christa Ackroyd Media Limited, it has been suggested in the media and in articles that perhaps the contract should have been written in a better way. It has also been suggested that perhaps had Christa Ackroyd had...
Impact of Dividend Tax on Share Valuations
For many years accountants have advised owner managers to adopt a reward structure of low salary/high dividend when they are operating through a limited company. This nostrum has had a consequent influence on the valuations when we have to value a minority interest in...
GDPR are you ready?
Over the last few months, there has been much discussion over GDPR which is the new General Data Protection Regulation commencing 25 May 2018 and replaces the old Data Protection Act 1998. I was recently informed during an update course that little over 500,000...
Property Income Allowance (PIA)
There have been quite a few changes to the taxation of rental income and rental properties in the past few years – removal of “Wear & Tear” allowance, restriction of relief for loan interest, increased exposure to Stamp Duty Land Tax, extra Capital Gains Tax. And...
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