Posts Categorised: News

Lewis Smith & Co. on LinkedIn

If you have heard people talking about Social Media but weren’t sure what it was all about then perhaps Lewis Smith & Co. can help. We have just started experimenting with some of the new technology and we would be pleased to help you learn about it along with us. We have set up a… Read more »

Move quickly if you want early retirement

In a move which could affect up to 4 million people across the UK the government is increasing the minimum age at which pension benefits can be drawn down from 50 to 55 years old from April 6th 2010. This impacts any of you who were born between April 6th, 1955, and April 6th 1960…. Read more »

Additional paternity leave and pay

The government has announced plans to introduce additional paternity leave and pay for fathers of children due on or after 3 April 2011. The scheme has, according to the government, been structured in such a way as to minimise the administrative burden on small businesses. You will still need to understand what the changes are… Read more »

Company owners – unlock your pension pot

Lewis Smith & Co., working with one of our IFA (Independent Financial Adviser) partners, has identified an opportunity for business owners to unlock some of the value of their pension pot. Company owners can legitimately use their pension fund to make an investment in the business (by buying unlisted shares) or even into commercial property… Read more »

Get ready for the VAT rise

Lewis Smith & Co. just wanted to remind you that the temporary reduction of VAT to 15%, that started on 1st December 2008, is coming to an end on January 1st 2010. So you need to remember to apply VAT at 17.5% again on sales of products or services after that date. You will also… Read more »

Tax scam email warning

HMRC (HM Revenue and Customs) has responded to an increase in the number of people receiving emails that offer tax rebates. They have issued a new warning not to follow weblinks in such emails or provide confidential information. They have stressed that they never notify individuals of a tax rebate using email, nor will they… Read more »

Don’t fall foul of the Data Protection Act – Check your status now!

The Information Commissioners Office (ICO), which upholds information rights in the UK, seems to have taken a more aggressive stance on companies that it deems to be operating as “data controllers” but who haven’t registered as such under the Data Protection Act. The Accountancy sector has been hit hard recently with a number of practices… Read more »

Lewis Smith & Co. get the gold

Black Country chartered certified accountants, Lewis Smith & Co., are delighted to announce that they have been awarded gold level status as an Approved Training Practice by the ACCA (Association of Chartered Certified Accountants). This means that ACCA trainees get provided with excellent training and practice experience to enable them to obtain their own Practicing… Read more »