The LB Business Broadcast

Understanding Capital Gains Tax with Tom Foster 🎙️ In this episode of Understanding Capital Gains Tax , Tom Foster, Tax Director at Lewis Brownlee, breaks down the key principles of Capital Gains Tax (CGT) in a clear and practical way. Whether you’re a business owner, investor, or simply someone looking to get a handle on your tax obligations, this episode will provide valuable insights to help yo...

Streamlining Your Business Accounting 🎙️ In this episode of Streamlining Your Business Accounting , our Client Relationship Manager Jess shares practical tips on how to simplify and optimise your accounting processes. Whether you’re a small business owner or managing a growing company, we can walk you through easy-to-implement strategies to save time and reduce stress. From leveraging the power of...

Spotlighting Xero Cloud Accountancy with Jayne Tressler 🎙️ In this episode of Spotlighting Xero Cloud Accountancy , we’re joined by Associate Director Jayne Tressler to explore the powerful capabilities of Xero, the cloud-based accounting software that’s transforming how businesses manage their finances. Jayne breaks down what Xero is, how it can be a game-changer for businesses of all sizes, and...

🎙️ Are you launching a new business or looking to sharpen your strategy? Join us on this episode of Top Tips for SMEs , where Daren Laidlaw, Head of Business Growth Services at Lewis Brownlee, sits down with Andrea Todorov, Head of Whiteley, to share practical insights every small business owner needs. Discover how to define your Unique Selling Proposition (USP), build brand awareness, create a ro...

In this episode, Lewis Brownlee's Associate Director Melanie Welsh (née Phillips) and Tax Compliance Manager Lewis Pridgeon explore the complexities of Business Property Relief (BPR) , a vital tax relief for the farming and agricultural sectors. With recent changes in subsidies, tenancies, and upcoming consultations in 2024 around Inheritance Tax (IHT) and Capital Gains Tax (CGT) , it's...

In this episode, Melanie Welsh (née Phillips) , Head of Lewis Brownlee's Midhurst and Associate Director, and Lewis Pridgeon , Tax Manager, provide an in-depth look at Agricultural Property Relief (APR) . They discuss the importance of APR, how it benefits landowners and farmers, and the latest updates on qualifying assets. Whether you're involved in agriculture or managing rural estates...

In this episode, Andrea Todorov , Head of Whiteley, and Shaun Dodson , Tax Manager, dive deep into the evolution of tax legislation and practices, especially with the rise of Artificial Intelligence (AI) .  Join Andrea and Shaun as they explore how AI is transforming tax compliance, automation in tax planning, and the future of the profession. Whether you're a business owner, accountant, or j...

Join Daren Laidlaw , Lewis Brownlee's Head of Business Growth Services, as he dives into the essentials of Profit and Loss in Management Accounts . In this episode, Daren demystifies the components of P&L statements and explores how understanding this financial tool can empower business leaders to make informed decisions, drive growth, and manage financial health. Whether you're a se...

In this LB Talking Points video, our Client Relationship Manager Amber Naughton and Tax Adviser Steven Cameron, discuss Making Tax Digital for Landlords, and how the rules will affect their current accounting practices plus the benefits this could have for their property business. Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the r...

In this LB Talking Points video, our VAT Compliance Manager Yvonne Collings and Cloud Accounting Specialist Andy Kemp, discuss the Digital Links aspect of Making Tax Digital, and how moving to a cloud accounting system could benefit your business. Making Tax Digital (MTD) was brought in back in April 2019 for VAT registered businesses with a turnover above the VAT registration threshold (currently...

Jayne Tressler (Business Services Group Manager) and Lewis Pridgeon (Tax Compliance Manager) are discussing some of the key aspects of employee benefits. A benefit-in-kind is any benefit that an employee or director receives from their company which is not included in the individual’s payslip. Sometimes people refer to these as ‘perks’ or ‘fringe benefits’ and contrary to popular belief, these are...

Our Managing Director Sarah Alexander discusses the new Help to Grow programme from the government. The programme is now open for registrations and will launch in June, with the aim of helping small and medium sized businesses across the UK learn new skills, reach new customers and improve profits. • The Help to Grow Management scheme offers small businesses a 12 week programme delivered by leadin...

Here our MD Sarah Alexander and Head of our Midhurst office Melanie Phillips provide an overview of the upcoming changes to self-assessment, namely Making Tax Digital for self-assessment which will apply from 6 April 2023. The changes mean that you will need to keep digital records of all your business income and expenses when it comes from self employment and property Making Tax Digital is a key...

In our latest video, our MD Sarah Alexander focuses on the subject of Shareholders Agreements! A shareholders’ agreement is entered into between all or some of the shareholders in a company. It regulates the relationship between the shareholders, the management of the company, ownership of the shares and the protection of the shareholders. They also govern the way in which the company is run. A pr...

In this LB Talking Points instalment, Our Managing Director Sarah Alexander and our Head of Audit and Assurance Sam Ede, discuss the Domestic Reverse Charge (DRC) for construction services. Back in 2019 changes to the way the construction industry accounts for VAT were announced. The domestic reverse charge mechanism was originally planned to come into effect on 1 October 2019 but was delayed unti...

Changes to off-payroll working (IR35) were due to be introduced in 2020, but were delayed by 12 months. The changes to the IR35 rules will now be implemented from 6 April 2021. In our latest LB Talking Points webinar, our Business Services Director Christine Deacon and Client Relationship Manager Jess Morris, discuss what IR35 is, who it will affect, how it may affect them, plus other points to no...

This will be the last roundup webinar in this format, going forward we will be doing short videos focusing on key topics. These can then be watched in your own time and you can focus on the key subjects that are relevant to you. Don't forget to subscribe to our YouTube channel to see our updates - https://lblink.uk/YouTubeChannel ________________________________________ Today's webinar f...

The focus of today's webinar was around the fourth SEISS grant and a reminder on VAT deferral! ________________________________________ The fourth SEISS grant is now open to claimants and covers the period from 1 February 2021 to 30 April 2021.  Who can claim?  • If your 2019/2020 tax return was submitted on or before 2 March 2021 • If you've traded in both tax years 2019/20 and 2020/21...

The focus of today's webinar was around planning your cashflow, government COVID support and what grants are available to businesses. Please see the details below... ________________________________________ The government has updated its webpage on Financial support for businesses during coronavirus (COVID-19) - https://www.gov.uk/government/collections/financial-support-for-businesses-during...

Here is the latest instalment of The LB Weekly Roundup! This week our Managing Director Sarah Alexander discusses Year End Tax Planning and Payroll, IR35, the Job Retention Scheme, plus much more... -------------------------------------------------------- As we head towards April now is the time to think about pre-tax year planning, doing the year end administration and filing the necessary forms...

The focus of today's webinar was around the grants that can be claimed by businesses. Please see the details below... ******************************************** Closed Businesses Lockdown Payment - 31 March 2021 DEADLINE Supports businesses that have been required to close due to the national lockdown that began 5 January 2021. Eligible businesses may be entitled to a one-off cash grant of...

Key Points and Budget Highlights: ‣ No changes to income tax, national insurance, or VAT rates; but as income is expected to rise, more people pay tax or go into the higher rates.  ‣ Corporation tax (CT) rates to increase to 25% on profits over £250,000 from April 2023; CT rate at 19% remains for smaller companies with profits under £50,000. Taper relief on CT for profits between the two levels. ...

In this webinar, our Managing Director Sarah Alexander and Tax Director Tom Foster discuss the key announcements from the Chancellor's Budget on Wednesday 3rd March! MAIN PROPOSALS Tax measures include: › Super-deduction for companies investing in new plant and machinery › Time extension of the temporary increase to the SDLT nil rate band for residential property in England and Northern Irela...

Key points from today's Weekly Roundup webinar: With 6 weeks to go until the end of the Tax Year, it is time to make the most of your tax allowances this year.  Our Tax Director Tom Foster and Senior Tax Adviser Shaun Dodson have recorded a webinar on this, plus we have also prepared a pdf guide for tax planning. - Tax Planning Webinar - http://LBLink.uk/LBTP_PYETP ​ - Tax Planning PDF Guide...

This week our Managing Director Sarah Alexander discusses Tax Planning, Brexit, Claim and name, VAT deferral payment scheme plus so much more... KEY POINTS/LINKS: Brexit  - Key Dates April – the movement of goods rules for products of animal origin come into force; June – the settlement scheme registration process for people from the EU to remain in the UK ends; July – new border controls will com...