Firm News

A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.

Year end tax planning 2022/23

Year end tax planning 2022/23

As we head towards the new tax year on 6 April 2023, there are lots of things to think about in relation to tax planning such as changes to tax bands, capital gains tax allowances, corporation tax rates and dividend allowances to name but a few. How can Lambert...

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The importance of bookkeeping

The importance of bookkeeping

We all lead such busy lives that the day-to-day task of bookkeeping is something that can often fall by the wayside. Should this be the case? Bookkeeping and keeping your accounts up-to-date can be as important as generating new business. From your records you should...

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Making Tax Digital

Making Tax Digital

Making Tax Digital (MTD) was introduced for VAT in 2019, whereby VAT registered businesses moved to making electronic MTD returns. The effect of the changes wasn’t as dramatic as initially expected with the submission being similar to that of an ordinary VAT return...

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Is your business recession ready?

Is your business recession ready?

As we enter a period of significant uncertainty in our economy, is your business ready to deal with the challenges it may face in the next few years? With increasing interest rates, soaring energy prices and inflation at a modern day high, the impact on your business...

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Changes to the VAT penalty regime

Changes to the VAT penalty regime

As if there haven't been enough changes to contend with in recent times in the ever-evolving world of VAT; Making Tax Digital, Domestic Reverse Charge, temporary VAT rate changes as a result of Covid-19 and our good friend Brexit; further changes are coming... With...

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World Cup 2022 – the dice edition

As World Cup 2022 begins, the Braintree office came together for a football themed lunch last week. We ordered in pizzas and football themed cakes and as we did for the Euros, we played out the tournament with some mighty dice throwing skills across the teams. Hosted...

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Autumn Statement reaction from Sean Wiegand

Autumn Statement reaction from Sean Wiegand

I listened to the new Chancellor, Jeremy Hunt’s Autumn Statement yesterday. Quite the opposite of the “mini budget” on 23 September which was already mostly reversed on 17 October. Our recent Chancellor started with three main objectives Stability, Growth and Public...

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Autumn Statement reaction from Paul Short

Autumn Statement reaction from Paul Short

I reckon we will be busy in the period up to 5 April 2023, as clients consider accelerating income before the 45% tax rate comes in between £125k and £150k. It will not be a huge saving but still a useful for people in that income space. Indeed the degree of planning...

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Autumn Statement reaction from Craig Weavers

Autumn Statement reaction from Craig Weavers

The tax rises announced during today's Autumn Statement were inevitable following the recent economic turmoil. The Chancellor unveiled a plan on how the Government will repay the immense amounts borrowed for the Covid support packages whilst also supporting households...

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Events

The latest tax, employment, business and economic news affecting businesses and individuals alike.