Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Budget 2024 in review – Luke Mitchell
A budget for the ‘Workers’ After what seems like an eternity since Rachel Reeves announced that the budget was to be held on 30th October 2024, with endless speculation on how the black hole in the public finances would be addressed, the details of which have finally...
Budget 2024 in review – Lisa Greenwood
Some surprises and a few shocks in yesterday's Budget 2024. The new Government had been very vocal that this was going to be a tough budget, with rises teased before the announcement in National Insurance and Capital Gains Tax. Great to see no change in Corporation...
Budget 2024 in review – Mike Carabine
I sat listening to Rachel Reeves’ speech, with my freshly prepared Budget bingo card in my hand, eager to check off my predictions: Blame the Tories for leaving a bigger black hole in the public finances than admitted? Tick Emphasising that she won’t be increasing...
Budget 2024 in review – Craig Weavers
The widely-reported increase in Capital Gains Tax (CGT) has not come as a surprise. Whilst a rise is additional tax for individuals, the increase in rates for higher-rate taxpayers is not as significant as the higher-rate of income tax, which would have been extremely...
Employers auto-enrolment pension schemes – changes on the horizon?
In the UK, all employees, full-time or part-time, are automatically enrolled into their workplace pension scheme if certain conditions are met. These conditions include: The ability to work in the UK Earnings of more than £10,000 per annum Not being a member of a...
What cloud accounting software is best for me?
I often get asked what the best cloud accounting software is to use. As with anything, we all have personal favourites. However, when it comes to your cloud accounting software, just because it is my favourite does not always mean it is the best fit for you or your...
Personal Tax Autumn Budget Predictions 2024
As tax advisers, we need to consider all current and future changes happening in our field of expertise. The next Budget date has been set for Wednesday, 30 October 2024, as Chancellor Rachel Reeves outlines plans to address a £20bn deficit. This will be the first...
Case Study – cash flow forecasting
When it comes to your business accounts, do you know what your cash flow looks like for the next few months? Do you know what the future looks like? Have you got enough money to pay your liabilities as they fall due? Do you know when your business may run out of...
Death of the P11d? Mandatory payrolling of benefits from 2026
From April 2026, the government will mandate the reporting and payment of Income Tax and Class 1A National Insurance Contributions (NICs) on benefits in kind via payroll software. Why are HMRC mandating? HMRC is implementing this change as part of its wider plans to...
Making a disclosure to HMRC
We often get approached by individuals who have not reported all their income or gains to HMRC. In the first instance, we discuss whether there is a requirement to file and what information will be needed. It can be a scary time, especially if HMRC has issued a...
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The latest tax, employment, business and economic news affecting businesses and individuals alike.
