Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
Business Services

Most businesses are very good at providing the products and services that their customers need – but running a business involves much more than that.

Click here to find out more...

Private Clients

The financial world is a complicated place and there are times when you’ll need some expert help.

Click here to find out more...

Wealth Management

When it comes to your finances, taking time out to seek expert advice is always a wise investment.

Click here to find out more...

Specialist Services

We also provide specialist services to a range of other clients.

Click here to find out more...

You are here: Home » Specialist Services » Media and Marketing

Media and Marketing


Media and marketing firms operate in a highly competitive marketplace that offers real opportunities for success, as well as major concerns about cash flow and the performance of your business.
Working with experienced accountants who understand the complex and ever changing tax, VAT and accounting issues associated with your industry will help you to identify opportunities for building your business in the most effective and sustainable way, while ensuring that you have a strong financial foundation to maintain your competitive edge.

Lambert Roper & Horsfield is experienced in working with firms in the media and marketing sector and appreciate that your business faces its own unique challenges.

The availability of new technology within the sector means companies are constantly under pressure to finance new machinery to keep pace with improvements. We can help you gain funding for new technology and develop a strategic business strategy that ensures cash shortfalls are indentified and managed.

Our services include:

  • acquisitions and disposals
  • annual and management accounts
  • audit
  • budgeting and cash flow
  • business strategy
  • sourcing grants and funding
  • succession planning
  • tax compliance and planning
  • VAT

To find out more about how we can help you, please contact LRH accountants in Calderdale.

The New LRH Client Portal


We are delighted to announce that the LRH client portal (powered by Onvio, a Thomson Reuters company) is now fully operational… Continue reading →

Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk

 

Latest News

I have been sent a nudge letter by HMRC – What should I do next?

October 7th, 2021

Thousands of taxpayers across the UK have received ‘nudge letters’ from HM Revenue & Customs (HMRC) encouraging them to declare unpaid tax.

The reasons for being targeted vary but the impact of being contacted by HMRC can cause a lot of stress, leaving many taxpayers unsure about what they should do.

Who is HMRC targeting with nudge letters?

HMRC has said there are a number of reasons why they may issue a nudge letter to a taxpayer, but a large number of these communications seem to come from HMRC obtaining information that suggests a taxpayer has overseas income or gains.

They are also concerned that some taxpayers may not have paid the remittance basis charge – a flat rate tax charge on overseas income and gains for particular qualifying individuals living but not domiciled in the UK.

HMRC has said that its letters may not indicate what year income or gains were realised, which means their enquiries could relate to multiple tax years and more than one asset.

This lack of transparency has left many nudge letter recipients bemused.

What should you do if you receive a nudge letter?

The first thing is not to panic. HMRC has said taxpayers may be contacted because of:

  • Discrepancies in the data received from overseas tax authorities;
  • Changes to an individual’s personal circumstances or tax laws; or
  • New information supplied to them that requires clarification.

HMRC typically gives taxpayers 30 days to respond to a letter before it begins to take any action, although in some cases it may ask you to respond sooner.

While it is important to respond quickly, if you cannot provide a suitable answer within this timescale, HMRC may offer an extension if one is requested.

Who can help with HMRC nudge letters?

If you receive a nudge letter from HMRC you should seek help from a tax adviser at the earliest opportunity. They can communicate with HMRC about its requirements, assess the reason for the letter and calculate what tax may be due.

In some cases, taxpayers that have undeclared overseas income and gains may be able to use the Worldwide Disclosure Facility, which could help to reduce penalties and the tax bill.

Link: HMRC sends ‘nudge’ letters to non-doms over unpaid tax

< |||| > 1 2 3 4 5

Subscribe to our newswire

Want the latest news and tips from us? Enter your email address below.


    captcha

    I am happy to receive newsletters and promotional information from Lambert Roper & Horsfield.

    If you would like to see full details of our data practices please visit our Privacy Notice and if you have any questions please email data@lrhtest.je-hosting.co.uk.