Posts Categorised: News

Don’t caught by fake HMRC “phishing” attacks

“Phishing” is the practice of sending out emails, texts and even social media direct messages that pretend to be from a reputable source and try and get you to provide personal details that could be used to defraud you. HMRC has become the unwitting dupe for many phishing expeditions because we tend to take extra… Read more »

The “Snooper Computer” has arrived

It is going to be much harder to keep secrets from the tax man in future with the recent launch of HMRC’s Connect computer system. The system has automatic access to numerous government and private sector information sources. The list of places it has access too is frighteningly large. It includes; UK and overseas banks… Read more »

Card Fee Abolition. Good and Bad News

You probably already know that as from January 13th organisations are no longer allowed to impose surcharges on consumers for purchases made by debit and credit cards. From a consumer perspective it takes away some of those nasty shocks we used to get at the payment stage of a transaction.  For instance the budget airlines be… Read more »

Budget Overview 2017

To mark Chancellor Phillip Hammond’s second budget we have created a downloadable document with a complete overview of his announcements. With the background of a potential economic downturn and continuing political uncertainty surrounding Brexit negotiations , the Chancellor did not have lots of room for manoeuvre.  However there were one or two pleasant surprises to… Read more »

Is it the end of the tax return?

HMRC’s “Making Tax Digital” programme (cf our news item from September 2016 “HMRC wants you to be software savvy“.) has started to make real progress with the recent launch of Personal Tax Accounts. Making Tax Digital (MTD) is intended to create a “real time” tax system where both businesses and individuals interact digitally with HMRC… Read more »

Dividend Income Over £5,000 – Use Your Personal Allowance

Depending on your circumstances there may a way to utilise your personal allowance to reduce your overall tax burden. Instead of automatically allocating all of your personal allowance (£11,000 in the 2016/17 tax year) against your salary, you can use it (or some it) to offset dividend income instead. In the current tax year the… Read more »

Summer Ball Update

Lewis Smith & Co. announce that the Friends of Alfie Summer Ball 2017 raised a whopping total of £14,000. Our team had a great time: we bagged some excellent auction items, tripped the light fantastic until the early hours and managed to avoid A&E. It is our pleasure to support such a worthy cause. Feel… Read more »

Alfie Johnson Summer Ball 2017

The Lewis Smith & Co. team will be out in force on Saturday July 1st at the 9th annual The Friends of Alfie Johnson Summer Ball. The Friends of Alfie Johnson charity was founded raise money in the name of Alfie Johnson, who suffered sustained brain damage through oxygen starvation at birth.  Now Alfie’s needs… Read more »