NEWS ARTICLES

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Are we seeing the end of tax-free benefits?

22-06-17

There have been changes to the tax rules for certain Benefits in Kind which are provided as part of salary sacrifice schemes. These changes, which started coming into effect in April of this year, are beginning to have an impact on certain tax-free… Read more..

Gifts to a charity or your spouse

22-06-17

There is usually no Capital Gains Tax (CGT) to be paid on the gift of assets between married couples and civil partners. However, there is still a disposal that has taken place for CGT purposes, effectively, at no gain or loss on the date of the… Read more..

How will your business be affected by Making Tax Digital?

22-06-17

The introduction of Making Tax Digital (MTD) will fundamentally change the way companies, the self-employed and landlords interact with HMRC. The new regime will require businesses and individuals to register, file, pay and update their information… Read more..

Using your own car for business purposes

22-06-17

Employees who use their own car at work for business purposes can, under certain circumstances, be paid a tax-free allowance by their employers. This includes the use of their own van, motorcycle or bike. It is important to note that this tax-free… Read more..

Should you be using the VAT Cash Accounting Scheme?

22-06-17

The VAT Cash Accounting Scheme (CAS) can offer important benefits to certain small businesses. Under the standard VAT accounting scheme, VAT is payable on sales whether or not the customer has paid and can lead to claims for Bad Debt Relief. With the… Read more..

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Lucentum Ltd
Chartered Accountants
& Business Advisors

 

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Chelmsford

Essex CM1 1GU

Tel: 01245 216800

 

Opening Hours: Mon - Fri 9am - 5pm

Tel: 01245 216800

 

Opening Hours: Mon - Fri 9am - 5pm