Posts By: mark

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 »

What’s the impact of the budget on Black Country business?

From a Lewis Smith & Co perspective this has been a very typical pre-election budget. Lots of fine words from the Chancellor but not too much content. There have been some changes that are going to help small businesses around the Black Country but the planned increase in National Insurance contributions is still going ahead,… Read more »

New rules on penalties for late payment to HM Revenue & Customs

New rules on the late payment of PAYE come into force in May to cover the tax years 2010-2011 and beyond. HMRC has issued a new set of FAQs (Frequently Asked Questions) to help businesses understand what they can and cannot do, and highlight what the penalties for late payments will be. Fundamentally they will… Read more »

Congrats to Stuart – ACCA qualified

Back in October Dudley accountants Lewis Smith & Co announced that it had been awarded gold level status as an Approved Training Practice by the ACCA (Association of Chartered Certified Accountants). The company also stated that it was dedicated to creating a strong training environment to ensure that the business could nurture talent and expertise… Read more »

Remember to register that you are trading

If you have set up in business as a sole trader then there is something that is very important to do. What is it? Tell the taxman…now! If you don’t tell the HMRC that you are trading within a 3 month period of starting in business then you could be liable to a £100 penalty… Read more »