Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Sean Wiegand: Reaction to Budget 2018
Philip Hammond commenced his Autumn 2018 budget with much information regarding the state of the economy. The chancellor was pleased to report that national borrowing is £11.6bn lower than predicted back in March with total debt as a percentage of GDP expecting to...
John Smith-Daye: Reaction to Budget 2018
Spreadsheet Phil strikes again! I’m not sure of the wisdom of emptying the coffers rather than getting the country’s borrowings down at a greater rate, but at least it is a positive policy move, rather than the somewhat grey statements of the recent past. The...
Nigel Whittle: Reaction to Budget 2018
A big spending budget with significant increases in the personal allowance and higher rate tax threshold. I expected more money for health, social care and universal credit, but the tax decreases I didn’t expect. I hope the extra spending overall will not derail the...
Nick Forsyth: Reaction to Budget 2018
With potential political upheaval ahead, it is important that the Budget that Phillip Hammond delivered was suitable for the support of the DUP. We can only wait to see if that is the case. Mr Hammond delivered a number of initiatives that will affect the clients that...
Graham McNeill: Reaction to Budget 2018
Good news regarding the early increase in personal allowances to £12,500 and to raise the higher rate threshold to £50,000 a year earlier than expected. Higher rate taxpayers should benefit the most but all taxpayers should see a benefit with some individuals being...
Lisa Greenwood: Reaction to Budget 2018
A budget to benefit who? Having spent the day at a Spa whilst the budget was on, I was keen when I returned home last night to find out what I had missed. I listened to the news on Radio 2 on the drive home - nothing mentioned. I went onto the BBC website and had to...
Lambert Chapman LLP Reaction to Budget 2018 – Is austerity coming to an end?
Under pressure to support No 10's 'end of austerity' message, bolstered by revised growth forecasts from the Office of Budget Responsibility, and safe in the knowledge that it could all go out of the window in the event of a no-deal Brexit, the Chancellor gave the...
Lucy Orrow: Are you thinking of buying ‘off-plan’?
There has been a recent case going through the courts where Mr Higgins purchased an apartment in 2004 and paid a holding deposit but issues relating to the title prevented construction from starting. Mr Higgins did not therefore move into the apartment until January...
Richard Hamilton: Do your charity accounts comply with the regulations?
I was recently asked to run a training session for a local charity regarding common accounting issues and, whilst preparing for this, I was surprised to discover the number of sets of financial statements submitted to the Charity Commission that they deem to be...
Inheritance Tax Update from Lucy Orrow – Directors Loan Account
Did you follow the herd at the turn of the decade and incorporate your sole trade or partnership? The aim at the time was to reduce risk and increase security against creditors, which would still be true today. In addition, the Entrepreneur’s Relief Capital Gains Tax...
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