Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Spousal exemption for Capital Gains Tax (CGT)
Previously when couples separated, they had until the end of the tax year to transfer assets between them, in order to benefit from spousal exemption for capital gains tax purposes. This could and did put significant pressure on both parties to potentially make quick...
Increase to the Corporation Tax rate
Generally, Corporation Tax rates have been falling for many years. The main Corporation Tax rate was over 50% in the 1970s, before reduction to the mid 30% during the 1980s, before falling further to 30% in the early 2000 and down to 20% in 2015 before reducing to...
How to utilise surplus cash
Surplus cash is the excess a company has which is not required for day-to-day operations or for future expenditure. If a company is profitable, over time it may find that surplus cash reserves have built up. Assessing how much surplus cash the business has will often...
Winners at the Tees Law Quiz Night
On Thursday 16 March 2023, Lambert Chapman LLP attended a Charity Quiz Night, held at the Essex County Cricket Ground, which was organised by Tees Law to raise funds for the Better Future Fund. The team was made up of: Paul Short, Richard Hamilton, Mike Carabine, Lucy...
Lisa Greenwood – Budget 2023 comments
Boring Budget or what was the point Budget? The question really has to be what was the intention of the Budget as I can’t really say I know... Most businesses have a staff shortage issue at the moment and a sensible solution is to extend free childcare funding, but...
Paul Short – Budget 2023 comments
Sir Winston Churchill once said of the Americans that they can be relied upon to do the right thing, once they have exhausted every other alternative. Perhaps so with this Tory Government. Having caused the exodus of some highly skilled employees from the NHS and...
Sean Wiegand – Budget 2023 comments
I listened to Jeremy Hunt’s statement today wondering if there would be any surprise announcements. It seems to me that gone are the days where you find out on Budget day the changes that are going to be made, as most of them are leaked in the build up to the Budget...
Craig Weavers – comments from Budget 2023
The overriding message from Spring Budget 2023 is one of building growth in the economy and to get more people working. The pension lifetime allowance is being abolished to try and incentivise those thinking of retiring early to continue and save more by way of...
Mike Carabine – Budget 2023 comments
First of all - congratulations to Jeremy Hunt for lasting as Chancellor long enough to actually present the Budget. It’s a good job he didn’t tweet about refugees or (Sir?) Stanley Johnson… Hunting for solutions When an accountant or tax adviser studies Budget...
Mark Pearson – Budget 2023 comments
The first Spring budget from Jeremy Hunt will help working families struggling with childcare costs and those looking to boost pension pots in preparation for retirement. With inflation at record highs, the government is trying to avoid the UK economy going into...
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The latest tax, employment, business and economic news affecting businesses and individuals alike.
