Posts Categorised: News

Useful information from Lewis Smith & Co.

Lewis Smith & Co. prides itself on being a very friendly and approachable organisation. We do realise however that sometimes when you are trying to find out something (like when you need to hand out P60 forms to your employees) that you don’t actually want to ring us up! So we have put together some… Read more »

Potential VAT windfall on entertainment expenses

A recent ruling by the EU Advocate General on the laws concerning the block on reclaiming VAT for business entertainment may be highly beneficial for UK businesses. The ruling found that the laws of some EU companies were too vague and that they should state what types of goods and services are applicable. Whilst the… Read more »

Professional Fee Protection Service

With a record budget deficit you will not be surprised to hear that HM Revenue and Customs are increasing their efforts to collect tax and VAT revenue. You are more likely than ever to be subject to an enquiry where HMRC will check your accounts to ensure that your payments are up to date and… Read more »

Rock ‘n’ Roll Accountancy

We can exclusively reveal today that one of Lewis Smith & Co’s directors will be playing live on stage at the “Party in the Park” festival at Mary Stevens Park, Stourbridge on Saturday 22nd May 2010. But which of them will it be? The smart money was initially on Craig Beale, whose swarthy good looks,… Read more »

Alun Nicholas MP?

You may remember that we reported how one of clients was involved in a slightly unusual charity event last Summer. Alun Nicholas, who is a chartered architect, grew his hair to support both The Little Princess Trust and Acorns Children’s Hospice. This year Alun is doing something nearly as unusual…he’s standing as the prospective Independent… Read more »

P35 Employer Annual Return – deadline looms

A very important deadline for employers is coming up fast. You need to file your Employer Annual Return, better known as the P35 by May 19th 2010. This year almost all employers will have to submit their annual return online – HMRC will not accept paper forms. This means that you must have registered for… Read more »

Tax Tips for Small Business

We know it is hard work sort out all of your financial and taxation obligations when you are starting in business or growing fast. We often get questions about how to deal some of the more intractable issues that we all face from time to time. Here are just a few pointers to try and… Read more »

50p tax rate for high earners

In a tax rise that was first announced in the 2009 Budget a 50p tax rate has now come into force on taxable incomes above £150,000. At the same time high earners will also be hit by a new 42.5 per cent tax on dividends and people earning more than £100,000 a year will have… Read more »