Posts Categorised: News

Had a letter from HMRC?

It probably hasn’t escaped your attention that the HMRC have been sending out letters, which for some people represent extremely bad news. You owe the tax man some money. Lewis Smith & Co. can’t second guess the contents of those letters nor do we no the circumstances of everybody that gets one but we can… Read more »

Do you have associated companies?

Dudley accountants Lewis Smith & Co. are highlighting a new way by which the HMRC (HM Revenue and Customs) are becoming more aggressive in the way they deal with small and medium sized businesses. The issue is the way the tax man treats the notion of “associated companies”. If separate companies are controlled by people… Read more »

2010 National Minimum Wage Changes

Click here for the latest changes There have been changes to all of the statutory minimum wage levels which could affect you and your employees. As from October 1st the statutory minimum to be paid to a worker is as follows: Aged 16 – 17 £3.64 per hour Aged 18 – 20 £4.92 per hour… Read more »

Rock ‘n’ Roll Accountancy Part 2

You may remember the stunning revelation in May that Lewis Smith & Co. director . Andrew Smith was a member of Stourbridge band “MaDads” The news was leaked in advance of a major gig by the band at Stourbridge, UK’s “Party in the Park” festival. We are pleased to announce that footage and photos from… Read more »

Why set up a limited company?

The quickest and easiest way to start up in business is to become a sole trader. There is very little red tape, not too many financial regulations (although you still need to keep proper records and pay your taxes) and you can administer the business as you see fit. At Lewis Smith & Co. we… Read more »

“Pay Less Tax” seminar a success

The Lewis Smith & Co. “Pay Less Tax” seminar on August 2nd attracted an excellent turn out. What company wouldn’t want to reduce its tax bill? What seemed to interest the delegates the most was the range of options available. Directors of companies with at least £100,000 of profits (available in cash) could use a… Read more »

Beware the market research call from HMRC

You might find that you get a call directly from the HMRC ostensibly on the grounds of “market research” even though you have appointed an accountant as your agent. If you do get one of these call be cautious about what you say. Under normal circumstances HMRC are required to make representations to your agent… Read more »

Supporting the Friends of Alfie Johnson

Alfie Johnson is a special little boy. He suffered from oxygen starvation at birth that left him with severe brain damage. The Friends of Alfie Johnson was established back in February 2009 to help provide Alfie with specialist equipment and services to help him get the most out of life. Now they raise money to… Read more »