Author Archives: Lions Accountants

Template for our standard ‘accounts covering letter’

Posted on November 29, 2011 by Lions Accountants

We like to provide plenty of information when sending our clients their accounts so that they can fully understand how the accounts are made up. Here is a typical template that we use showing the headings for the main items … Continue reading →

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IR35 and a Freelancer’s Contract

Posted on September 21, 2011 by Lions Accountants

As Accountants looking after a number of Freelancers working through their own Limited Company (i.e. one-person service companies), we’re often asked to look at clients’ contracts from an IR35 perspective (i.e. when ignoring the intermediaries such as the worker’s own … Continue reading →

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Self Assessment late filing penalties

Posted on September 20, 2011 by Lions Accountants

If you miss the Self Assessment filing deadline from this year (i.e. 2010-11 tax returns onwards) you will be immediately liable for late filing penalties. The penalty will apply even if there is no liability or if any tax due … Continue reading →

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Integral Plant and Machinery for Furnished Holiday Lets

Posted on September 19, 2011 by Lions Accountants

Furnished Holiday Lets (FHLs) and Capital Allowances (CAs) Claims on the Integral Plant and Machinery: As covered in another of our blog posts, FHLs (whether situated in the UK or EU such as Spain, Portugal, France etc) are treated as … Continue reading →

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Furnished Holiday Lets (FHLs)

Posted on September 9, 2011 by Lions Accountants

HMRC published Helpsheet 253 in August 2011 on Furnished Holiday Lettings (FHLs). This follows the change in tax rules in this area from the 2011/12 tax year (the year ending 5 April 2012). Set out below is a summary of … Continue reading →

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Our Clients

Posted on August 15, 2011 by Lions Accountants

The clients of Lions Accountants Ltd broadly fall into 4 spectrums: 1. Small businesses in and around Ipswich, Suffolk such as hairdressers, high street retailers/shops, optometrists, websites/online retailers, electricians, builders, IFAs, medical locums, flat management companies, farmers, therapists. These are … Continue reading →

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