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Latest News

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Recent blog posts
31
Aug

Interest on late paid tax

Posted on in Tax
Any tax paid after the due date will carry interest. This is written in statute. Interestingly late paid interest on corporation tax is tax deductible whilst interest on other taxes (income tax, VAT and capital gains tax to name just 3) is not.  Many taxpayers do see paying their tax late as ... Continue reading
Last modified on
Hits: 67
31
Aug

Marriage Allowance

Posted on in Tax
One of our main points of focus at this time of year is the preparation of self assessment tax returns and we are seeing an increasing number of cases which involve the marriage allowance. This is not to be confused with the married couples allowance. This latter allowance is only available to taxpa... Continue reading
Last modified on
Hits: 80
03
Aug

Tax Efficient Investments

Posted on in Tax
This month we take a look at tax efficient investments. As a firm we do not hold authorisation to advise on investments but we are able to provide details of the tax advantages of investments and to make general comments on them. To determine if an investment is right for you, you should consult you... Continue reading
Last modified on
Hits: 198
06
Jul

VAT Update

Posted on in VAT
With all the talk in the press and other media on the subject of “Brexit”, we thought it would be a good time to take a look at VAT. VAT is a EU tax that was introduced into the UK in 1973 when the UK joined what was then the Common Market. So the question then is when we leave the EU will VAT go a... Continue reading
Last modified on
Hits: 242
09
May

LBW Family Fun Day - Caldy Cricket Club - Saturday 14th July

Posted on in LBW News
The day is once again almost upon us and we are putting the final touches to the preparations for this year's fun day which is back this year following last year's break for our Charity walk. We hope you are all looking forward to it as much as we are!   Confirmed Date: Saturday 14th July - 1... Continue reading
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Hits: 574
25
Apr

Commercial Property Tax

Posted on in Tax
Commercial Property Tax Clinic – Factsheet Interest Relievable – (not for residential buy to let) Relief on any interest element on lending is fully relievable for commercial property. Restrictions are in place for residential buy to let properties. Consider the structure of property portfolios... Continue reading
Last modified on
Hits: 303
22
Nov

LBW - Autumn Budget 2017

Posted on in The Budget
Philip Hammond today delivered his first Autumn Budget (and second Budget speech). The Budget speech itself included a multitude of plans to provide funding in an attempt to make Britain “fit for the future”. These include; New funding for the NHS as well as support for broadband and artificial... Continue reading
Last modified on
Hits: 752
21
Nov

You look after your business - how will your business look after you?

Posted on in Tax
We all work hard to maintain and grow our businesses, along the way we :- Earn income Build personal wealth Look after our customers, employees and other stakeholders Work towards a succession plan to ensure no one is let down We all leave our businesses and none of us know when this will b... Continue reading
Last modified on
Hits: 937
26
Sep

Company car examples - Tesla v. Mercedes Hybrid

Posted on in Tax
With many car manufacturers moving towards Electric only production (currently Jaguar Land Rover & Volvo making recent announcements), the electric car is becoming more prominent in the UK marketplace. Added to the increasingly popular modern designs, the tax reliefs available are also proving t... Continue reading
Last modified on
Hits: 3129
12
Sep

LBW Chartered Accountants raises more than £20,000 for charity

Posted on in LBW News
A Wirral-based accountancy firm has raised more than £20,000 for a charity, with its latest event netting £6,000 in donations. LBW Chartered Accountants is raising funds for Muscular Dystrophy UK, and a team of 50 staff and associates of the business trekked eight miles across the Wirral. The walk... Continue reading
Last modified on
Hits: 1076
05
Sep

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 in wh... Continue reading
Last modified on
Hits: 490
02
Aug

New Wrexham office for LBW Chartered Accountants

Posted on in LBW News
A fast-growing accountancy firm has launched a Wrexham branch after significantly growing its North Wales client base. LBW Chartered Accountants, which is headquartered in Bromborough on the Wirral, now has offices on Chester Street. Mark Hughes, who is responsible for business development in Nort... Continue reading
Last modified on
Hits: 1106
19
Jul

Thank You from LBW Accountants

Posted on in LBW News
We made it! The weather held out and we didn’t get too wet. However, it ended up being a 9 mile walk in order to accommodate half time refreshments at the Red Lion Parkgate. LBW and the Dawrant family send a heartfelt  thank you for your participation in the event. A small number of remaining ... Continue reading
Last modified on
Hits: 808
14
Jul

Making Tax Digital - quarterly reporting under MTD delayed!

Posted on in Payroll
The government this week have released a statement announcing delays in plans in the implementation of Making Tax Digital legislation and reporting. The article below from Accountingweb.co.uk gives an in depth view on the changes in the implementation timeline and who is encompassed in the headline... Continue reading
Last modified on
Hits: 823
01
Jun

Charity Walk 2017

Posted on in LBW News
This year we have decided, as a team, to put our energy into supporting the charity that LBW have been closely involved in since we opened, the Muscular Dystrophy campaign. There will be a charity walk departing at 10.30am along the 8 mile route from Hooton train station to Parkgate and returning v... Continue reading
Last modified on
Hits: 2796
01
Jun

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 in wh... Continue reading
Last modified on
Hits: 985
12
May

Late penalty could hamper Newport County's season. Don't get caught out!

Posted on in Payroll
Once again it has been shown that Auto-enrolment/Workplace pensions are not to be taken lightly even those employers in the public eye are subject to the rules and failure to comply will result in penalties (and not those within the 18 yard area!). Newport may have managed to score late to save thei... Continue reading
Last modified on
Hits: 794
11
May

John Lewis profits suffer £36m dent from minimum wage error

Posted on in Economy
John Lewis profits have been dented by £36m after a payroll error that breached minimum wage rules. The retailer, which owns Waitrose supermarkets as well as its namesake chain of department stores, said it was working with HMRC to examine its practice of pay averaging, which aims to smooth out mon... Continue reading
Last modified on
Hits: 735
01
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 weeke... Continue reading
Last modified on
Hits: 655
21
Apr

The “Grandparents National Insurance Credit”

Posted on in Tax
Many working-age grandparents, who are not already making National Insurance payments or are obtaining National Insurance credits, could qualify for Class 3 National Insurance credits for looking after children aged under 12 which can be used to top up their income in retirement. In 2016 it is thou... Continue reading
Last modified on
Hits: 981

News Calendar

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News Categories

Tax (37)
PAYE (2)
Economy (9)
VAT (9)
LBW News (9)
Accounting (19)
Payroll (11)
Industry (3)
Savings (2)
Pensions (2)
Landlords (1)
Marketing (1)

Latest from our blog

Marriage Allowance
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VAT Update
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