Here in the UK, we love a viral food sensation – whether that’s Dubai chocolate, hot honey, matcha or anything ‘smashed – while ‘foodies’ are always on the look out for the latest world cuisine to try. Nearby Tunbridge Wells has recently seen Vietnamese street food arrive with the opening of the chain Pho, while […]
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While the pandemic had many downsides, it did remind us of the beautiful holiday locations here in the UK and, while airports are busy again, it seems we are still finding the time for a staycation. According to a recent survey by Holiday Cottages, 61% of respondents said they were ‘more likely to go on […]
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If you’re a sole trader, then your second payments on account deadline is on the horizon – Thursday 31 July this year – when you are expected to pay half of your estimated tax for the 2024/2025 tax bill. This figure, which appears on your most recent tax statement (which you can access online) is […]
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A common discussion we’re having with clients recently is that their business is going well and making money but their outgoings are continuing to increase – such as fuel and utility bills and the rising costs associated with employing people. We also hear that cash flow is causing our clients problems, effected by issues such […]
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The sun has been shining here in ‘the garden of England’ recently and, when that’s the case, there are many of us who probably think ‘wouldn’t it be nice to work outside’. Of course, that idea often passes once the rain starts to appear again. Here at Lewis & Co, we support businesses working across […]
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If you have been deducted CIS tax during the year, why not start the process of reclaiming any potential over-paid tax back from HMRC now? Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HMRC. The deductions count as advance payments towards the subcontractor’s tax and National […]
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It doesn’t seem long ago that we were supporting our VAT-registered clients to get them ready for Making Tax Digital (MTD) for VAT. In fact, it was 1 November 2022. Now we are helping our clients ahead of another MTD deadline. MTD for Income Tax is set to become mandatory in phases, starting from 6 […]
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If you are buying a property after 1 April 2025, you’ll lose the opportunity to benefit from the temporary reduction in the normal Stamp Duty Land Tax (SDLT) – where the first £250,000 is charged at nil – as it expires on 31 March. You usually pay SDLT on increasing portions of the property price […]
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Here at Lewis & Co, our clients that employ people are facing up to a couple of changes to their payroll. From 1 April 2025, the National Living Way (NLW) for those aged 21 or over will rise from £11.44 per hour to £12.21, while there are also increases to the rates that apply to […]
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Over the past year or so, we’ve had many questions from our clients regarding HMRC’s treatment of double cab pick-ups and this certainly wasn’t helped by a U-turn by HMRC last year regarding how they would treat these vehicles, that left many people confused. Traditionally, commercial vehicles have been treated more favourably than cars for […]
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