Latest Articles
Make your New Year's resolution to reduce your admin burden
Every year, a lack of time is cited as the reason why numerous well-intentioned resolutions fail.
Utilising HMRC's Annual Allowances before 5 April 2022
The UK’s fiscal year (or tax year, as it’s more commonly known) ends on 5 April and with it any annual allowances which HMRC offer for the 2021/22 tax year.
Planning for the future by saving tax in the present
In 2012, due to concern that the UK population weren’t taking adequate measures to save for their retirement, the Government took the radical measure of introducing auto-enrolment.
Can electric vehicles make company cars tax efficient?
Over the years, the provision of company cars to employees has become increasingly disadvantageous from both a payroll and business tax point of view.
Lovewell Blake appoints new partner
Chartered accountants Lovewell Blake have appointed Matthew Waters as a partner.
Lovewell Blake helps to launch nationwide farming survey
Earlier this month, The Rural Accountancy Group (RAG), of which Lovewell Blake is a member, launched its UK Industry Survey across farm businesses in England, Scotland and Wales.
Can Biodiversity help farming businesses diversify?
With the existing area-based payments being halved by 2024 on the way to being fully abolished by 2028, Environment Secretary George Eustice has already told farmers that the future of subsidies will be through Environmental Land Management Schemes.
Could rising property prices also give rise to an additional company tax charge?
In 2020, the pandemic sparked a ‘race for space’ which saw the average UK house price rise by 7.6% in the year to November 2020. This means that a dwelling previously valued at £465,000 12 months ago could now potentially be worth over £500,000 and give rise to a tax issue under Annual Tax on Enveloped Dwellings (ATED).
House of Lords Vote to Reinstate Food Standards Protections into the Agriculture Bill
The back-and-forth between the Houses of Parliament on the Agriculture Bill continues. On Tuesday 20th October the Lords voted to reinsert powers into the Bill which were removed in the last Commons vote.
National Farmers' Union President fears for the future of British Family Farming
On Saturday 10 October, Minette Batters, the President of the National Farmers' Union (NFU), published a piece in the Daily Mail that she professed she "never wanted to have to write", fearing the death of the British family farm.
Accountants pledge to adapt to keep their fundraising challenge going
In 2008, as part of the firm’s 150th anniversary celebrations, Lovewell Blake launched the LB150 Challenge with the aim of raising £150,000 in 5 years for good causes across the region. The firm’s partners and staff rose to the challenge, surpassing their initial target and to date have raised over £275,000.
Company Benefits and Expenses - Areas to Consider: What is Exempt?
Employers have until 6 July to report any taxable benefits and expenses provided to their employees (including company directors) during the 2020 tax year on the forms P11D, and will have to settle any National Insurance arising on these by 19 July.
Company Benefits and Expenses – Areas to Consider: Employee Benefits
Employers have until 6 July to report any taxable benefits and expenses provided to their employees (including company directors) during the 2020 tax year on the forms P11D, and will have to settle any National Insurance arising on these by 19 July.
Company Benefits and Expenses – Areas to Consider: Vehicles
Employers have until 6 July to report any taxable benefits and expenses provided to their employees (including company directors) during the 2020 tax year on the forms P11D, and will have to settle any National Insurance arising on these by 19 July.