Covid-19: Measures in place to help Business Owners

The current health crisis has not only brought about changes to the way we conduct our everyday lives and huge worries to people who are vulnerable or at risk but it has also impacted every single business owner. Over the past week the still relatively new Chancellor, Rishi Sunak, has announced a package of measures […]

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Lewis & Co Office Update

Following the Prime Minister’s statement on Monday evening, we have made the decision to work from home for the next few weeks. Our offices are therefore closed to visitors until further notice. However, it is very much business as usual, albeit remotely, as we look to assist individuals and businesses in getting through these unprecedented […]

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IR35 Tax Reforms Delayed

Amid the crisis being caused by Covid-19, the Government has announced that the IR35 tax reforms are being pushed back by one year. Chief treasury secretary Steve Barclay, the MP for North East Cambridgeshire, announced that the measures, which were confirmed in the recent Budget only one week ago, would now come into effect on […]

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Balancing the Budget

A few months ago the then Chancellor Sajid Javid set Wednesday 11th March as the date for his first Budget and the first since the general election. He said that billions of pounds will be invested ‘across the country’ and that the Treasury will ‘prioritise the environment’, while reiterating a plan to make use of […]

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Another year draws to a close

Only a few weeks ago, we were reminding our clients to submit their self-assessment tax returns and the team at Lewis & Co was busy tying up any loose ends to make sure everyone hit the 31 January deadline. Now we find ourselves close to the end of yet another tax year. With that in […]

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Meet The Team – Part 1

Managing Director Gary Cornwell has been with Lewis & Co for over 16 years now, having originally visited for work experience while still at school. “Looking back, I was really lucky with how the team at Lewis & Co supported me during those two weeks, particularly the then Managing Director Barney Lewis,” says Gary. “I […]

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When is my tax for 2018/19 due?

If between 6th April 2018 and 5th April 2019 you earned untaxed income, such as that from a rental property or from a self-employment, you will need to file a Self Assessment Tax Return with HMRC. The online Self Assessment Tax Return which you will be required to complete is due for submission to HMRC […]

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Tis the season to be jolly – tax free!

When someone mentions Santa and the season of goodwill, Her Majesty’s Revenue and Customs doesn’t naturally spring to mind. Just to prove us wrong however, every year HMRC allows businesses to spend up to £150 per employee on entertainment, completely tax free. Whether your business is large or small, this allowance means the festive fun […]

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Reverse Charge for Construction Services Delayed

1st October 2019 was set to see the introduction of a new VAT accounting process affecting the relationship between Contractors and Subcontractors within the Construction Industry Scheme. However, this has been pushed back until October 2020. What is the reverse charge? To summarise, the ‘reverse charge’ as it is known, means that the customer receiving […]

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July Tax News

How To Reduce Your July Tax Payment By Getting This Year’s Tax Return In Early A lot of clients would like their 2018/19 tax return completed this month in case it can help reduce their July tax payment. How does that work, I hear you ask? If you’re self-employed or run a business, you will […]

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