Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Autumn Statement reaction from Nick Forsyth
In the run up to the Autumn Statement, my thoughts had been more focused upon business stimulation and investment over personal gain to provide a boost in what seems like an increasingly flat economy for many. It had been suggested to me that the corporation tax rate...
Autumn Statement reaction from Graham McNeill
Bit disappointed to be honest after the big build up this week. National Insurance (NI) cut was expected, but there's not much else to shout about in the latest Autumn Statement. No changes to income tax allowances resulting in more people paying tax where salaries...
Autumn Statement reaction from Craig Weavers
The Autumn Statement was not expected to give much away and the Chancellor has confirmed this during his statement. Support for limited companies is being given with the full expensing of capital expenditure being made permanent. I am unable to get excited by this as...
Autumn Statement reaction from Luke Mitchell
How different this Autumn Statement was compared to previous years, where Jeremy Hunt reversed the vast majority of the announcements made in the mini budget by Kwasi Kwarteng and Liz Truss back in September 2022. Following the turmoil caused by the mini budget last...
Autumn Statement reaction from Lisa Greenwood
Announcements that benefit who exactly? News prior to the Autumn Statement indicated that Jeremy Hunt was going to help businesses, and as someone that provides services to many small businesses, I was excited to hear what he had to say. However having listened to the...
Autumn Statement reaction from Lucy Orrow
My thoughts on today's Autumn Statement... National Insurance was introduced in 1911 and has changed and expanded ever since. Our history of Classes 1, 2, 3 and 4, has today changed to remove Class 2 contributions. This will save self employed workers £3.45 per...
Autumn Statement 2023 – analysis from our team
Chancellor Jeremy Hunt used his Autumn Statement to deliver '110 growth measures'. With a 2% cut to national insurance and making the full expensing capital allowance scheme permanent, the Chancellor has certainly set the scene for an election year. Please find to...
Managing cashflow
An important saying in business is that ‘cash is king’ as a company can be profitable but can still run out of cash. Profits should ultimately produce cash but there can be significant delays in this being realised and therefore managing cashflow is essential to...
Time to tackle your self assessment tax return – no excuses!
The self assessment tax deadline is fast approaching, with returns for the period covering 6th April 2022- 5th April 2023 due for filing by 31st January 2024. Although it seems a long way off, the deadline will be here before you know it. Is your tax return already...
Tax changes announced in 2023
We are heading towards another Autumn Statement 0n 22 November 2023, but what about tax changes which have already been announced? Capital Gains Tax Allowances When you sell an asset and make a profit, if capital gains tax is due, allowances of £12,300 used to be...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
