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Welcome to the latest news section of our website, providing company updates as well as developments from the accounting sector.

Latest News

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Recent blog posts
30
Jan

Tax payment reminders and updates - January 2020

Posted on in Tax
PAYE & National Insurance Employers PAYE & NI payments (including construction industry payments) for month ending on the 5th February are due for payment 22nd February via electronic payment (payment should always be made and cleared on the last working day before the due date – Friday 21s... Continue reading
Last modified on
Hits: 124
30
Jan

Self-assessment tax and National Insurance liabilities

Posted on in Tax
We are nearing the end of our 10th Self-assessment period with this year seeing the highest number of self-assessment tax returns completed since we began in 2010. The deadline for submitting your 2018/19 self-assessment return is 31 January 2020. This deadline is relevant to individuals who n... Continue reading
Last modified on
Hits: 147
30
Jan

Property investment - tax aspects

Posted on in Factsheets
On the basis that the investment in property appears to make commercial sense what tax factors should you take into account? If you are considering property investment in the Merseyside area we, at LBW Chartered Accountants, can help you to make property investments in a tax efficient manner. Inves... Continue reading
Last modified on
Hits: 72
30
Jan

HMRC Phishing and Scams

Posted on in Industry
It has been brought to our attention by several of our clients and staff that there are vast amounts of HMRC phishing emails and texts being received. This is a common theme around this time of year with taxpayers frantically meeting the 31 January filing deadline for tax returns. We would like to ... Continue reading
Last modified on
Hits: 66
30
Jan

Alex Clare gains ICAEW Practising Certificate

Posted on in LBW News
We would like to take this opportunity to congratulate Alex from our management team who, this month, has successfully applied and been accepted for his ICAEW Practising Certificate. This is the next step in his developing career that will allow him to take further steps up the leadership ladder. Th... Continue reading
Last modified on
Hits: 46
03
Dec

LBW Support Wirral Foodbank with Reverse Advent Calendar Scheme

Posted on in LBW News
This year at LBW we have decided to take part in the Reverse Advent Calendar Scheme, in support of the Wirral Foodbank, because we feel, as a team, it is always great to help our local communities wherever we can. For those who don’t know what the scheme is, it involves donating a particular item e... Continue reading
Last modified on
Hits: 602
03
Dec

Legal requirements concerning payslips

Posted on in Payroll
Employers should be aware of the legal requirements concerning payslips – here is the LBW Chartered Accountants guide to the essentials… Most employees receive payslips and take them for granted, but what are the legal requirements? All employees, including those working part-time and temporarily,... Continue reading
Last modified on
Hits: 339
03
Dec

Preparing for your accountant

Posted on in Factsheets
Whether we are producing your accounts or carrying out tax compliance work, being prepared for us will ensure our work is carried out smoothly and efficiently and with the minimum disruption to yourselves. We highlight the ways in which you can help. You may also be able to help by preparing some... Continue reading
Last modified on
Hits: 409
03
Dec

Tax payment reminders and updates - December 2019

Posted on in Tax
PAYE & National Insurance Employers PAYE & NI payments (including construction industry payments) for month ending on the 5th December are due for payment 22nd December via electronic payment (payment should always be made and cleared on the last working day before the due date – Friday 20t... Continue reading
Last modified on
Hits: 214
01
Nov

Tax payment reminders and updates - November 2019

Posted on in Tax
PAYE & National Insurance Employers PAYE & NI payments (including construction industry payments) for month ending on the 5th November are due for payment 22nd November via electronic payment (payment should always be made and cleared on the last working day before the due date). Late paym... Continue reading
Last modified on
Hits: 198
01
Nov

Isaac Gilbert passes his AAT

Posted on in LBW News
We would like to pass on our congratulations to a member of our team, Isaac Gilbert, on becoming a member of The Association of Accounting Technicians (MAAT).  Isaac Joined LBW in February 2015 having already started his AAT journey in December 2014. As with all of our trainees, we provided fu... Continue reading
Last modified on
Hits: 185
01
Nov

Off-payroll working: How IR35 rules affect the private sector

Posted on in Payroll
The government has published the draft legislation for the next Finance Bill including the rules for off-payroll working in the private sector. The legislation is open for consultation until 5 September 2019. The new rules will apply from April 2020 and the effect of these rules, if they apply to i... Continue reading
Last modified on
Hits: 231
01
Nov

New SRA Accounting Rules 2019

Posted on in Accounting
Historically the Solicitors Regulation Authority (SRA) Accounts Rules have comprised of a large number of very specific and prescriptive rules governing how law firms deal with client money.  All firms, large or small, who hold client money have had to comply with these rules with no real scope... Continue reading
Last modified on
Hits: 534
03
Oct

Making Tax Digital – take the next step to boost your business

Posted on in Tax
More than five months have now passed since the introduction of HMRC’s Making Tax Digital for VAT (MTD), and now is the time to take the next step and consider the gains that can be made from the new system of record keeping. Under MTD, those above the VAT threshold send HMRC summaries of their inc... Continue reading
Last modified on
Hits: 668
29
Aug

More office space for business expansion

Posted on in LBW News
LBW Chartered Accountants has extended its office space to facilitate its recent growth, which includes a pathway for additional partners. LBW, which is headquartered at The Courtyard in Bromborough, has created three additional offices and two more meeting rooms and has also taken space at a third... Continue reading
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Hits: 372
07
Aug

Construction businesses must prepare now for change to nil VAT invoicing that will reduce cash flow

Posted on in VAT
Construction contractors and suppliers should now be ramping up their preparations for major VAT changes, which are set to significantly affect cash flows. Lee Webster, managing director at LBW Chartered Accountants, is warning that the sweeping VAT changes from 1 October 2019 will require tens of ... Continue reading
Last modified on
Hits: 540
10
Jul

HMRC letters about not declaring second properties increase

Posted on in Tax
LBW Chartered Accountants is warning additional property owners to ensure they have declared income from these properties – as letters from HMRC investigations increase. Property owners falling foul of HMRC’s enquiries will be forced to pay back the undeclared tax for previous years in addition to ... Continue reading
Last modified on
Hits: 675
23
May

Tax payment reminders and updates

Posted on in Tax
PAYE & National Insurance  Employers PAYE & NI payments (including construction industry payments) for each tax month ending on the 5th are due for payment by 19th (by cleared cheque) or 22nd for electronic payments. Care should be taken when either of these two dates fall at a weekend... Continue reading
Last modified on
Hits: 1309
21
May

Proof that R+D tax claims are not just reserved for people in white lab coats

Posted on in Tax
Proof that R+D tax claims are not just reserved for people in white lab coats IT companies, recruitment firms, and businesses in the construction sector are among those successfully submitting research and development (R+D) tax claims through LBW Chartered Accountants. The Wirral-based accountants... Continue reading
Last modified on
Hits: 737
01
Apr

NATIONAL MINIMUM/LIVING WAGE INCREASES FROM 1 APRIL 2019

Posted on in Payroll
National Minimum Wage (NMW) and National Living Wage (NLW) changes come into effect from 1 April 2019. Please note that these changes do not affect company directors. The table below details both the current NMW along with the National Living Wage for those employees who are aged 25 and over. ... Continue reading
Last modified on
Hits: 893

News Calendar

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News Categories

Tax (40)
PAYE (2)
LBW News (13)
VAT (10)
Economy (7)
Accounting (14)
Payroll (9)
Industry (2)
Savings (2)
Landlords (1)
Marketing (1)
Pensions (1)