Lithgow Perkins LLP

We're delighted to be supporting Harrogate Marshalls and looking forward to seeing the academy grow!

A quote from Stu at Lithgow Perkins LLP, who now support us here at Harrogate Marshalls and kindly sponsored us. Helping to provide kit and other equipment for our teams! ♥️🏀

Whether you have a new or mature business, ensuring that you have the necessary financing is essential for achieving your objectives.

If you are thinking about selling or buying a business, we can support you fully through the process and help you:

· Conduct a feasibility study of your projects
· Decide on the most suitable sources of finance
· Prepare the necessary business plan, forecasts and prospectuses
· Present your proposals to your chosen finance source
· Arrange a disposal
· Arrange a merger, acquisition, management buyout, or management buy-in

Please get in touch on 01423 564446 to discuss your financing requirements, or if you are thinking of buying or selling a business.

https://www.lithgow-perkins.co.uk/services/business-advisory/corporate-finance/

HMRC has announced the new advisory fuel rates for company cars. Employers use these rates when reimbursing employees for business travel in a company car or when employees repay the cost of fuel for private journeys.

Find out the rates for petrol, diesel and LPG here: https://www.lithgow-perkins.co.uk/knowledge/blog/pw-news/hmrc-announces-new-fuel-rates-for-company-cars/

The rates for fully electric cars remain unchanged.

The Government has launched an independent review into how pubs and hotels are valued for business rates in England and Wales. The review follows concerns raised after the 2026 revaluation, which took effect on 1 April and saw median rateable values rise for pubs and hotels compared with other sectors.

Read more here: https://www.lithgow-perkins.co.uk/knowledge/blog/pw-news/government-reviews-pub-and-hotel-business-rates/

What is probate?
Probate is the legal right to deal with someone’s property, money and possessions (their estate) after they die.

If a valid will has been left, the executor named in the will usually applies for probate. If there is no will, a close relative can apply for what’s known as administration.

There are three probate options in the UK
· Apply for probate yourself
· Use a solicitor for probate
· Find a probate-certified accountant

Alongside DIY probate and traditional legal services, using a probate-accredited accountant can offer a valuable middle ground, combining professional insight with potentially more cost-effective support.

If you’d like to have a chat about our probate services, please contact us at 01423 564446.
https://www.lithgow-perkins.co.uk/services/personal-advisory/probate/

Trust accounts and trust tax compliance
Trusts are popular as a tax-planning tool and as a way to protect family wealth by distributing income to individuals without giving them access to the underlying capital.

Trusts can offer the donor the tax advantages of a gift while allowing them to set rules for how the gift is used through a trust deed and the appointment of trustees.

Not surprisingly, given the tax advantages of trusts, there is a wealth of tax legislation that needs to be considered.

Follow the link to see the full list of our services and read more about how we can help you: https://www.lithgow-perkins.co.uk/sectors/trust-accounts-and-trust-tax-compliance/

Planning for retirement? Here are some important questions to consider.

• Exit strategy: If you own a business, have you thought about your long-term plan? Will you pass it on to the next generation, or are you hoping to sell?

• Pension provision: Have you made suitable pension arrangements, and are they right for your goals?

• Savings and investments: Do you have the right balance between savings and investments, and between high and low risk exposures?

• Protection and long-term care: Do you have appropriate life assurance, and have you considered provision for long-term care or medical insurance?

We can help. Contact us today on 01423 564446.

https://www.lithgow-perkins.co.uk/services/personal-advisory/retirement-strategies

Running a business in the leisure trade requires an enormous amount of time. We can help relieve some of the pressure you face by providing bookkeeping & VAT, accounting and payroll support.

We can also assist in determining location, price structure, stock control, management information, capital expenditure programmes and raising finance.

If you are running a pub, guest house, hotel or leisure complex, and feel you need some help in its day-to-day running or some guidance on putting a strategy for the future, please call us on 01423 564446.

Learn more here: https://www.lithgow-perkins.co.uk/sectors/leisure-trade-hotels-and-leisure/

HMRC will begin to automatically sign up taxpayers for Making Tax Digital for Income Tax from September 2026 if they are already using the system but have not yet enrolled.

Read more: https://www.lithgow-perkins.co.uk/knowledge/blog/pw-news/hmrc-to-auto-enrol-mtd-taxpayers/

If you have any questions, please get in touch at 01423 564446.

How long does probate take in the UK?
The probate process in the UK usually takes around 9–18 months, although straightforward estates with one or two bank accounts and no property can be completed in as little as 3–6 months.

The process involves:
· Establishing the inheritance tax position
· Applying for probate
· Administering the estate

Factors that can delay probate include property sales, disputes between beneficiaries, overseas assets, and delays at the probate registry.

For any further questions about probate and the services we offer, please visit https://www.lithgow-perkins.co.uk/services/personal-advisory/probate/ or get in touch on 01423 564446.