LB Group
Professional, Proactive, Partner-led advice
IPSWICH
01473 359720
COLCHESTER
01206 867551
CHELMSFORD
01245 254780
LONDON
0208 221 8282

Professional, Proactive,
Partner-led advice

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LONDON: 0208 221 8282
CHELMSFORD: 01245 254780
COLCHESTER: 01206 867551
IPSWICH: 01473 359720

Email: info@lbgroupltd.com

News

SELF ASSESSMENT TAX RETURN NEXT YEAR
27 November 2017

SELF ASSESSMENT TAX RETURN NEXT YEAR

MANY WILL NOT GET A SELF ASSESSMENT TAX RETURN NEXT YEAR

The government are gradually phasing out the self-assessment tax return and replacing it with…

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FURNISHED HOLIDAY LETTING BUSINESS IS NOT A BUSINESS FOR IHT RELIEF
27 November 2017

FURNISHED HOLIDAY LETTING BUSINESS IS NOT A BUSINESS FOR IHT RELIEF

A furnished holiday letting business is treated as a trade for most tax purposes. For example, capital allowances are…

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HMRC HAVE UPDATED THEIR GUIDANCE ON SALARY SACRIFICE SCHEMES
27 November 2017

HMRC HAVE UPDATED THEIR GUIDANCE ON SALARY SACRIFICE SCHEMES

The rules for salary sacrifice arrangements changed with effect from 6 April 2017 and HMRC have updated their guidance for employers….

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WORKPLACE PENSIONS IN 2018
27 November 2017

WORKPLACE PENSIONS IN 2018

AND INCREASED CONTRIBUTIONS FOR WORKPLACE PENSIONS IN 2018

Auto-enrolment of staff in workplace pension schemes now applies to even the smallest of employers, although there are exclusions….

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NEW RESTRICTION FOR THOSE IN PENSION DRAWDOWN
27 November 2017

NEW RESTRICTION FOR THOSE IN PENSION DRAWDOWN

NEW RESTRICTION FOR THOSE IN PENSION DRAWDOWN NEW RESTRICTION FOR THOSE IN PENSION…

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Felixstowe & Suffolk Business Breakfast Club December
24 November 2017

Felixstowe & Suffolk Business Breakfast Club December

The Felixstowe & Suffolk Business Breakfast Club
in partnership with LB Group
Wednesday 6 December 2017
7:00am – 8:30am

The last Felixstowe & Suffolk Business Breakfast Network meeting of…

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Autumn Statement 2017
22 November 2017

Autumn Statement 2017
A Summary

Autumn Statement 2017

Autumn Statement 2017

Below is a summary of the main points on upcoming changes…

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Sponsorship support to Ipswich Basketball Club
22 November 2017

Sponsorship support to Ipswich Basketball Club

Sponsorship support to Ipswich Basketball Club

Sponsorship support to Ipswich Basketball Club

LB Group are…

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Payroll Update November 2017
15 November 2017

Payroll Update November 2017

Payroll Christmas Reminder
Please note that our office is closed for Christmas from  22 December and 1 January 2018 (inclusive). We will return to work on…

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Strategic Plan for Succession Workshop
15 November 2017

Strategic Plan for Succession Workshop

LB Corporate Finance would like to invite you to our free Strategic Plan for Succession workshop giving useful tips and advice on succession planning.

Wednesday 31…

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ACQUSITION OF BARRY CLAYDEN & CO LTD
15 November 2017

ACQUSITION OF BARRY CLAYDEN & CO LTD

Latest Press Release

LB GROUP CHARTERED ACCOUNTANTS COMPLETES ACQUSITION OF BARRY CLAYDEN & CO LTD

LB Group, a Top 75 firm of Chartered Accountants, Chartered…

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TAX TO PAY ON YOUR DIVIDENDS IN JANUARY
06 November 2017

TAX TO PAY ON YOUR DIVIDENDS IN JANUARY

THERE MAY BE MORE TAX TO PAY ON YOUR DIVIDENDS IN JANUARY

The rules for taxing dividends changed radically from 6 April 2016…

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RECLAIMING FOREIGN VAT ON EXPENSES
06 November 2017

RECLAIMING FOREIGN VAT ON EXPENSES

If your business has suffered VAT on expenses incurred in another EU country, for example overseas hotel and restaurant bills, then it is possible to…

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ADVISORY FUEL RATE FOR COMPANY CARS
06 November 2017

ADVISORY FUEL RATE FOR COMPANY CARS

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 September 2017. Where there has been a change…

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CGT ENTREPRENEURS RELIEF
06 November 2017

CGT ENTREPRENEURS RELIEF

MUST OWN 5% OF ORDINARY SHARES TO QUALIFY FOR CGT ENTREPRENEURS RELIEF

In order for a shareholder to qualify for CGT entrepreneurs relief on the disposal of their…

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WHEN IS A COMPANY VAN NOT A VAN
06 November 2017

WHEN IS A COMPANY VAN NOT A VAN

The P11d benefits on company vans are generally much lower than company cars and where private use of the van is merely…

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ARE SPOUSES WAGES FULLY DEDUCTIBLE
06 November 2017

ARE SPOUSES WAGES FULLY DEDUCTIBLE

HMRC have recently won a tax tribunal case where they were seeking to challenge the deduction for a wife’s wages in arriving at the profits…

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Bank of England Rate Rise
02 November 2017

Bank of England Rate Rise

Increased by 0.25%

As expected the Bank of England have today announced the first rise in interest rates for over a decade. The base rate has…

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DON’T BE CAUGHT BY THE LATEST ONLINE SCAMS
31 October 2017

DON’T BE CAUGHT BY THE LATEST ONLINE SCAMS

DON’T BE CAUGHT BY THE LATEST ONLINE SCAMS – Fraudsters are relentless in their efforts to target our money. Action Fraud, the…

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PERSONAL FINANCE FACTS WE ALL NEED TO KNOW
31 October 2017

PERSONAL FINANCE FACTS WE ALL NEED TO KNOW

Being aware of a few key financial facts can help ensure we all make the best use of our money and tax…

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IHT: GOVERNMENT RECEIPTS RISE STEEPLY
31 October 2017

IHT: GOVERNMENT RECEIPTS RISE STEEPLY

The amount of inheritance tax (IHT) paid by bereaved families has broken the £5bn barrier for the first time. This is largely due to rising…

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ARE YOU SAVING ENOUGH FOR RETIREMENT
31 October 2017

ARE YOU SAVING ENOUGH FOR RETIREMENT

It’s estimated that people aged 45 to 54 spend more time planning their summer holidays than they do planning their pension1. However, if you…

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PENSION FREEDOMS – STAY INFORMED TO MAKE THE RIGHT CHOICES
31 October 2017

PENSION FREEDOMS – STAY INFORMED TO MAKE THE RIGHT CHOICES

The pensions landscape has undergone a complete overhaul since the introduction of the ‘new’ pension legislation in 2015. However, it…

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TAKING FINANCIAL ADVICE WILL ENHANCE YOUR WEALTH
31 October 2017

TAKING FINANCIAL ADVICE WILL ENHANCE YOUR WEALTH

A recent report1 has shown that consumers who take financial advice find themselves better off than those who don’t take advice when making…

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BABY BOOMERS THREATENED BY PROPERTY PRICE CORRECTION
31 October 2017

BABY BOOMERS THREATENED BY PROPERTY PRICE CORRECTION

Some economic commentators are predicting that there could be a  price correction in the housing market before too long. They believe that this…

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THE NEW DYNAMICS OF THE ‘LAST-TIME’ PROPERTY MARKET
31 October 2017

THE NEW DYNAMICS OF THE ‘LAST-TIME’ PROPERTY MARKET

A survey carried out by  the HomeOwners Alliance1 shows that around  half-a-million  people  aged over 55 would like to move to a…

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ONE IN FOUR PARENTS HAS MOVED TO BE NEAR A GOOD SCHOOL
31 October 2017

ONE IN FOUR PARENTS HAS MOVED TO BE NEAR A GOOD SCHOOL

All buyers will have a wish-list of what they want their new home to have, and being within…

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PROPERTY MARKET UPDATE
31 October 2017

PROPERTY MARKET UPDATE

Recent data on the housing market has been conflicting, with some headlines reporting chipper annual house price growth statistics, with others indicating price growth is grinding to…

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FIRST TIME BUYERS TAKE A BIGGER SHARE OF THE MORTGAGE MARKET
31 October 2017

FIRST TIME BUYERS TAKE A BIGGER SHARE OF THE MORTGAGE MARKET

There are signs that first-time buyers are finding it slightly easier to get into the housing market. Prices have…

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Important news about mortgages
25 October 2017

Important news about mortgages

Speculation is growing on a daily basis that the Bank of England’s Monetary Policy Committee are likely to recommend a base rate increase, for the first…

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Felixstowe & Suffolk Business Breakfast Club
23 October 2017
Brexit Seminar – What does it mean for you
02 October 2017

Brexit Seminar – What does it mean for you

Your invite to the LB Group Chartered Accountants and NatWest Bank Brexit Seminar – What does it mean for you?

LB…

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CHANGING YOUR COMPANY CAR – WHAT ABOUT A HYBRID NEXT
02 October 2017

CHANGING YOUR COMPANY CAR – WHAT ABOUT A HYBRID NEXT

The next Finance Bill will include legislation to reduce significantly the taxable benefit on the provision of low CO2 emission…

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TRIVIAL BENEFITS
02 October 2017

TRIVIAL BENEFITS

Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied:

· the cost of providing the benefit  does not…

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REPORTING EXPENSES AND BENEFITS PROVIDED TO EMPLOYEES
02 October 2017

REPORTING EXPENSES AND BENEFITS PROVIDED TO EMPLOYEES

HMRC have recently updated their toolkit dealing with the reporting of expenses and benefits provided to employees and directors in the light of…

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REPORTING VAT ONLINE
02 October 2017

REPORTING VAT ONLINE

REPORTING VAT ONLINE – AREN’T WE DOING THAT ALREADY?

REPORTING VAT ONLINE

REPORTING VAT ONLINE

Last month we reported…

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IS YOUR COMPANY CARRYING OUT RESEARCH AND DEVELOPMENT
02 October 2017

IS YOUR COMPANY CARRYING OUT RESEARCH AND DEVELOPMENT

IS YOUR COMPANY CARRYING OUT RESEARCH AND DEVELOPMENT IS YOUR COMPANY CARRYING…

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LB Group announce appointment of new Associate Director Stuart Bennett
02 October 2017

LB Group announce appointment of new Associate Director Stuart Bennett

LB Group, a Top 75 firm of Chartered Accountants, Chartered Tax Advisers and Business Advisers is…

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UK businesses receive £2.9 billion boost to invest in Research and Development
19 September 2017

UK businesses receive £2.9 billion boost to invest in Research and Development

Source: HMRC

UK businesses participating in Research and Development (R&D) received £2.9 billion funding from government in the…

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WORKING IN THE GIG ECONOMY
11 September 2017

WORKING IN THE GIG ECONOMY

The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the loopholes that allow “bogus” self-employment…

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NEW GOVERNMENT CHILDCARE SCHEMES
11 September 2017

NEW GOVERNMENT CHILDCARE SCHEMES

Working parents can start applying for two new Government childcare schemes launching this year – Tax-Free Childcare which begins immediately and 30 hours free childcare…

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LB Recruit Workshop Tips for Improving your Finance Department
11 September 2017

LB Recruit Workshop Tips for Improving your Finance Department

Your invite to our Free LB Recruit Workshop ‘Tips for Improving your Finance Department’

Would you like some useful tips on improving your…

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LB Group Accountants announce charity partnership with Ipswich Hospital
08 September 2017

LB Group Accountants announce charity partnership with Ipswich Hospital

LB Group Chartered Accountants, a Top 75 firm of Chartered Accountants are proud to announce their support and sponsorship…

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THINKING OF WINDING UP YOUR COMPANY
06 September 2017

THINKING OF WINDING UP YOUR COMPANY

THINKING OF WINDING UP YOUR COMPANY?

Up until 6 April last year, the distribution of cash to shareholders on the winding up of a…

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SECOND FINANCE BILL THIS AUTUMN
05 September 2017

SECOND FINANCE BILL THIS AUTUMN

It has also been announced that the second Finance Bill will legislate for all policies that were included in the pre-election Finance Bill but had…

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MAKING TAX DIGITAL FOR BUSINESS DELAYED
04 September 2017

MAKING TAX DIGITAL FOR BUSINESS DELAYED

The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital for Business to 2020…

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NEW COMPANY LOSS RULES TO GO AHEAD
04 September 2017

NEW COMPANY LOSS RULES TO GO AHEAD

The Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses…

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LB Group announce appointment of new Associate Director Michael Warman
01 September 2017

LB Group announce appointment of new Associate Director Michael Warman

Latest Press Release – LB Group Chartered Accountants Chelmsford Essex.

LB Group, a Top 75 firm of…

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HSBC Investment Funding for Small Business
01 September 2017

HSBC Investment Funding for Small Business

HSBC Investment Funding for Small Business & Funding Your Business Growth Breakfast

You are invited to join us for a breakfast meeting where you will hear…

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Question Time on R&D Tax Credits for Business Owners
23 August 2017

Question Time on R&D Tax Credits for Business Owners

Recent statistics show that there are in excess of £3billion in unclaimed R&D tax credits. Could local business owners…

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Little Havens Hospice and The Js Hospice Essex Professionals Networking Lunch
11 August 2017

Little Havens Hospice and The Js Hospice Essex Professionals Networking Lunch

Sponsored by LB Group Chartered Accountants in Essex.

LB Group, a Top 75 firm of Chartered Accountants…

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LB Group announce charity partnership with Little Havens Hospice and The Js Hospice
11 August 2017

LB Group charity partnership

LB Group announce charity partnership with Little Havens Hospice and The Js Hospice

LB Group charity partnership READ MORE

FUNDING FUTURE CARE COSTS
09 August 2017

FUNDING FUTURE CARE COSTS

‘The tragedy of old age is not that one is old, but that one is young’

FUNDING FUTURE CARE COSTS READ MORE

MOTOR RACING SPONSORSHIP WAS TAX DEDUCTIBLE
04 August 2017

MOTOR RACING SPONSORSHIP WAS TAX DEDUCTIBLE

MOTOR RACING SPONSORSHIP WAS TAX DEDUCTIBLE

MOTOR RACING SPONSORSHIP WAS TAX DEDUCTIBLE

In order…

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ONE BUSINESS OR TWO FOR VAT
02 August 2017

ONE BUSINESS OR TWO FOR VAT

ONE BUSINESS OR TWO FOR VAT

ONE BUSINESS OR TWO FOR VAT

A recent…

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Inheritance Tax rule changes
31 July 2017

Inheritance Tax rule changes

Effective estate planning can safeguard your wealth for future generations – Inheritance Tax rule changes

Inheritance Tax rule changes READ MORE

AUTOMATIC BOOKKEEPING SOFTWARE DEMO
26 July 2017

AUTOMATIC BOOKKEEPING SOFTWARE DEMO

Leave behind frustrating desktop software and/or spreadsheets to online accounting software which is the future of bookkeeping.

Find out the benefits of moving to cloud based…

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Tired of laborious desktop software and spreadsheets
26 July 2017
Improve Finance Department
24 July 2017

Useful tips on improving your Finance Department

Would you like some useful tips on improving your Finance Department?

LB Recruit have developed a program to assist you in identifying areas for improvement…

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YOUR FREE GUIDE TO LIFETIME ISA
17 July 2017

YOUR FREE GUIDE TO LIFETIME ISA

NEW GENERATION OF TAX-EFFICIENT WEALTH CREATION

YOUR FREE GUIDE TO LIFETIME ISA YOUR…

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HMRC delays Making Tax Digital scheme
14 July 2017

HMRC delays Making Tax Digital scheme

HMRC delays Making Tax Digital scheme

HMRC delays Making Tax Digital scheme

Further to…

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The Patent Box
11 July 2017

The Patent Box

Corporation Tax

The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions. The…

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Felixstowe Business Breakfast Club
03 July 2017

Felixstowe Business Breakfast Club

Your invite to…

The Felixstowe Business Breakfast Club
in partnership with LB Group
Wednesday 5 July 2017
7:00am – 8:30am

Felixstowe Business Breakfast Club

The Felixstowe Business Breakfast…

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Are you ready for Making Tax Digital?
28 June 2017

Are you ready for Making Tax Digital?

Making Tax Digital (MTD) is the most fundamental change to the administration of the tax system for at least 20 years. As of…

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Making Tax Digital
26 June 2017

Making Tax Digital

Making Tax Digital (MTD) Factsheet

Making Tax Digital

Making Tax Digital

Making Tax Digital (MTD) is the most fundamental change…

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ADDITIONAL IHT RELIEF FOR PASSING ON FAMILY HOME STARTED 6 APRIL
26 June 2017

ADDITIONAL IHT RELIEF FOR PASSING ON FAMILY HOME STARTED 6 APRIL

For deaths on or after 6 April 2017 there…

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THE NEW 16.5% VAT FLAT RATE PERCENTAGE
23 June 2017

THE NEW 16.5% VAT FLAT RATE PERCENTAGE

DOES THE NEW 16.5% VAT FLAT RATE PERCENTAGE APPLY TO YOUR BUSINESS?

The new VAT flat rate of 16.5% started to apply from 1…

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INTEREST ON YOUR LOAN ACCOUNT
21 June 2017

INTEREST ON YOUR LOAN ACCOUNT

BETTER TO PAY INTEREST ON YOUR LOAN ACCOUNT THAN DIVIDENDS IF HIGHER RATE TAXPAYER

Ever since the introduction of the 7.5% increase in the rate…

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Cloud Based Accounting Software FREE DEMO
21 June 2017

Cloud Based Accounting Software FREE DEMO

Leave behind frustrating desktop software and/or spreadsheets to online accounting software which is the future of bookkeeping. Attend the LB Group Cloud Based…

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SHOULD WE GIVE SHARES TO CHILDREN AND PAY £5,000 DIVIDENDS TAX FREE?
20 June 2017

SHOULD WE GIVE SHARES TO CHILDREN AND PAY £5,000 DIVIDENDS TAX FREE?

The introduction of the £5,000 tax free dividend allowance has tempted many family company shareholders to give shares…

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COLCHESTER OFFICE RELOCATION
19 June 2017

COLCHESTER OFFICE RELOCATION

LB GROUP EXPANSION LEADS TO COLCHESTER OFFICE RELOCATION

LB Group, a Top 75 firm of Chartered Accountants, Chartered Tax Advisers and Business Advisers has relocated their Colchester office…

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SELF-EMPLOYED NICs
19 June 2017

SELF-EMPLOYED NICs

U-TURN ON SELF-EMPLOYED NICs – FOR NOW

SELF-EMPLOYED NICs

SELF-EMPLOYED NICs

In his first Budget on 8th March, the new…

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Tax-Free Childcare
02 June 2017

Tax-Free Childcare

The Government’s Tax-Free Childcare was introduced on 28 April 2017.  Under this scheme, parents can pay into an online account to cover the cost of childcare with a…

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Confused about Workplace Pensions legislation
22 May 2017

Confused about Auto Enrolment & Workplace Pensions legislation

Confused about Auto Enrolment & Workplace Pensions legislation for your business?

If you are still confused about the implication of the new…

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As a business owner are ISA’s currently the best option
19 May 2017

As a business owner are ISA’s currently the best option?

Are cash ISA’s still a good idea?

For many, ISA’s may still be a good choice when it comes to saving….

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Important changes to UK anti-money laundering rules
18 May 2017

Important changes to UK anti-money laundering rules

Important changes to UK anti-money laundering rules are due to be phased in on 26 June 2017, and we are urging all of…

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Residential Nil Rate Band
24 April 2017

Residential Nil Rate Band

Are you entitled to the Residential Nil Rate Band?

When the Conservative Government pledged to increase the inheritance tax nil rate band to £1 million from 6…

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Virgin London Marathon running for Target Ovarian Cancer
11 April 2017

Virgin London Marathon running for Target Ovarian Cancer

Sharon Wright, Manager at LB Group, a Top 75 firm of Chartered Accountants, Chartered Tax Advisers and Business Advisers is in the…

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Personal tax threshold hits £45K
04 April 2017

Personal tax threshold hits £45K

Higher rate personal tax threshold hits £45K

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NEW COMPANY LOSS RELIEF RULES
23 March 2017

NEW COMPANY LOSS RELIEF RULES

NEW COMPANY LOSS RELIEF RULES START ON 1 APRIL 2017

New rules that will allow greater flexibility in the way that companies obtain relief…

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NEW RULES FOR IR35 WORKERS
17 March 2017

NEW RULES FOR IR35 WORKERS

NEW RULES FOR IR35 WORKERS IN THE PUBLIC SECTOR START 6 APRIL 2017

There are significant changes that commence on 6 April 2017 for workers…

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CHELMSFORD OFFICE RELOCATION
15 March 2017

CHELMSFORD OFFICE RELOCATION

LB GROUP EXPANSION LEADS TO CHELMSFORD OFFICE RELOCATION

LB Group, a Top 75 firm of Chartered Accountants, Chartered Tax Advisers and Business Advisers has relocated their Chelmsford office…

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Company owned residential property
15 March 2017

Company owned residential property

Does your company own a residential property worth more than £500,000?

By Mark Middleton, Director at LB Group, a Top 75 firm of Chartered Accountants,…

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BUDGET 2017
08 March 2017

BUDGET 2017

WHAT YOU NEED TO KNOW

BUDGET 2017

Below is a summary of the main points, which may affect you from either a business or personal perspective. We have not…

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Embracing cloud accounting
21 February 2017

Embracing cloud accounting

10-point action plan for embracing cloud accounting

1. Sign up to start using Xero.

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VAT Flat Rate Scheme Change
24 January 2017

VAT Flat Rate Scheme Change

It was announced in the autumn statement that there would be changes to the flat rate scheme,…

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Chartered accountants, Business advisors, Chartered tax advisors

LB GROUP LONDON

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Vicarage Lane
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London
E15 4HF

Tel: 0208 221 8282
Fax: 0845 834 0896

LB GROUP CHELMSFORD

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Chelmsford
Essex
CM1 1GU

Tel: 01245 254 780
Fax: 0845 834 0864

LB GROUP COLCHESTER

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Suite E2, 2nd Floor
Middleborough
Colchester
Essex
CO1 1TG

Tel: 01206 867 551
Fax: 0845 834 0897

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Addison Way
Great Blakenham
Ipswich, IP6 0LW

Tel: 01473 359 720
Fax: 0845 834 0870

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