VAT restriction on leased cars
VAT on leased cars VAT is one of the most complicated, if not the most complicated taxes. There are many specific rules that apply to certain scenarios as well as…
Payroll position
Payroll position In this weeks Ask LCM, we will be answering a question around payroll. More specifically, “can I keep my payroll position open if I am not using it?”…
Double tax relief
Double tax relief In this week’s article, we will take an in-depth look at double tax relief (DTR). What DTR is, who it is available to and the forms of…
VAT registration
VAT registration In this weeks Ask LCM, we will be answering a question around VAT registration More specifically, “when do I need to register for VAT”? Ask LCM is a…
Change my financial year end
Change my financial year end In this weeks Ask LCM, we will be answering the question “Can I change my company’s financial year end”? Ask LCM is a space that…
HMRC tax codes
HMRC Tax Codes In this week’s article we will look at HMRC tax codes & HMRC’s new online tool to help taxpayers. What is a tax code Every employee has…
Company authentication code
Company authentication code In this weeks Ask LCM, we will be answering a question around a Companies House company authentication code. More specifically, “what do I do if I cannot…
Rent a room relief
Rent a room relief In this week’s article we will look at rent a room relief. What the relief is and how it can potentially save you both time and…
Rental income expenses
Rental income expenses In this weeks Ask LCM, we will be answering a question around rental income. More specifically “Can I deduct any expenses from my rental income?” Ask LCM…
Dividend distributions
Dividend distributions In this weeks Ask LCM, we will be answering a question around dividend distributions. More specifically “What is the maximum amount of dividends my company can distribute?” Ask…
HMRC tips to help protect you
HMRC tips to help protect you HMRC have just released a few top tips to help protect taxpayers. In this weeks article we will be looking at these HMRC’s tips…
Use my own car for business
Use my own car for business purposes In this weeks Ask LCM, we will be answering the question, “What if I use my own car for business purposes?” Ask LCM…
P11D
P11D In this article we will be looking at P11Ds, what they are, what they mean for your business and the deadlines that you need to be aware of. What…
VAT de-registration and assets
VAT de-registration and assets In this week’s Ask LCM we will be looking at VAT de-registration and assets. The purpose of these posts is to give a quick and simple…
Car benefit vs car allowance
In this weeks Ask LCM, we will be looking at the difference between a car benefit vs car allowance. Car benefit vs car allowance One of the common benefits an…
Worldwide Disclosure Facility
Worldwide Disclosure Facility In this weeks article we will look at the HMRC’s Worldwide Disclosure Facility (WDF). What it is, who it applies to what you need to do if…
Incorporation and VAT
Incorporation and VAT In this weeks Ask LCM, we will be looking at Incorporation and VAT registration. The purpose of these Ask LCM posts is to give you a quick…
Renters reform bill
Renters reform bill In this week’s article, we will look at the Renters reform bill, what the key points are, when it will come into force and what it means…
Best Bookkeeping Software
What is the best bookkeeping software? What is the best bookkeeping software? This article is the second in a series of short posts that we will release every Thursday. The…
Self-assessment criteria changes
Self-assessment criteria changes Self-assessment criteria changes In this short article we will discuss the self-assessment criteria changes announced by HMRC. These changes will come into effect from 2023/24. From 2023/24…
How long does it take to incorporate a company?
How long does it take to incorporate a company? How long does it take to incorporate a company? This article is the first in a series of short posts that…
Employed vs Self-Employed
Employed vs Self-Employed Purpose In this article we will explore some of the key factors that HMRC will consider to determine whether someone is employed or self-employed. Sometimes the employed…
Corporation Tax Change
Corporation Tax Change Corporation Tax update April 2023 The UK government has confirmed that it will proceed with significant corporation tax changes. These changes will come into effect as of…
Business Investment Relief
Business Investment Relief Purpose of business investment relief The purpose of business investment relief is to allow a person claiming the remittance basis, to bring foreign income and gains to…
The 18 year property cycle
The 18 year property cycle In this article we will look at what the 18-year property cycle is, the different stages of each cycle and what it means to existing…