NWE Accounting Services

Alert: Did you know certain business sales or share disposals might trigger a reduced 18% Capital Gains Tax rate? Find out why this could matter for your next move. Read on to see if you're eligible for a valuable tax relief and how it could impact your financial planning.

Can you claim Business Asset Disposal Relief - NWE Accounting Services Ltd Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company, or an individual’s interest in a trading partnership. When this relief is available, a reduced 18% rate (2026-27) of Capital Gains Tax (CGT)

ID checks at Companies House are rolling out – if you're a company director or have significant control, it's time to get verified. Most can do it online or in person at selected Post Offices. Don't miss out, find out why this matters to you today.

Verify your ID at Companies House - NWE Accounting Services Ltd Identity verification requirements at Companies House became a legal requirement for directors and people with significant control (PSCs) from 18 November 2025. This date marked the start of a 12-month transition period for identity verification.

Alert for landlords: Are you sure about your tax and National Insurance on rental income? Find out what might affect your bottom line and pension rights. Read on to get the details landlords often overlook.

Landlord tax and National Insurance considerations - NWE Accounting Services Ltd When renting out property, landlords may have both Income Tax and National Insurance considerations to consider. However, rental income is generally taxable. For individuals, the first £1,000 of rental income is tax-free under the property

Hidden changes in tax rules may mean many could be paying more tax without noticing. Wage rises might be pushing you into higher tax bands — find out why it matters now.

Fiscal drag explained - NWE Accounting Services Ltd The freezing of tax thresholds can result in a phenomenon commonly referred to as 'fiscal drag'. This occurs when tax allowances and rate bands remain unchanged while wages and inflation increase. As earnings rise, more taxpayers are ‘dragged’ into

Alert for small businesses: A VAT scheme lets you pay VAT only when your customers pay you. Could this be the cash flow boost you need? Find out why this matters now and if you could qualify.

VAT Cash Accounting - NWE Accounting Services Ltd The VAT Cash Accounting Scheme can help businesses improve cash flow by allowing VAT to be accounted for when customers actually pay invoices, rather than when invoices are issued. This can be particularly beneficial for businesses that offer credit

Urgent update for self-employed and landlords: Your choice of software for Making Tax Digital matters. Find out what features to look out for and why some can even link spreadsheets directly with HMRC. Ready to make the switch? Read on to see which tools suit you best.

Making Tax Digital – which software to use - NWE Accounting Services Ltd Making Tax Digital (MTD) for Income Tax is now in force for many self-employed individuals and landlords. Since 6 April 2026, taxpayers with qualifying business or property income exceeding £50,000 are required to maintain digital records and submit

Alert: You might need to register for self-assessment even if you're mostly taxed through PAYE. Got business profits or untaxed income? Find out why this matters now and what you need to do. Read on to check if this applies to you.

Do you need to register for self-assessment? - NWE Accounting Services Ltd Depending on your income and circumstances, you may need to register for self-assessment. This may be the case even if most of your income is taxed through PAYE. You will usually need to file a self-assessment tax return if you are self-employed as

Alert: Your UK residence status could change how you're taxed on worldwide income. It's not just days spent in the UK but also your ties that matter. Find out why this could affect your wallet.

Working out your UK residence status - NWE Accounting Services Ltd Your UK residence status affects how much tax you pay in the UK and, in particular, whether your foreign income and gains are subject to UK tax. In simple terms, UK residents are normally taxed on their worldwide income and gains, while

Living away from your home might affect your tax bill more than you think. If you've had absences or second properties, find out why it matters. Read on to see how your time away could change your Capital Gains Tax relief.

Tax effects of living away from your home - NWE Accounting Services Ltd Many homeowners assume that if a property has been their main residence at some point, any gain made on sale will automatically be free from Capital Gains Tax (CGT). Whilst in many cases, this is correct there are exceptions. For example, periods

Alert: You can reduce your Inheritance Tax bill with clever gifting! Did you know you could pass on up to £6,000 tax-free if you haven't used last year's allowance? Plus, there are special gifts for weddings and small cash gifts each year. Curious how this could help your family? Read on to find out why these allowances matter now.

Tax-free gifts for Inheritance Tax purposes - NWE Accounting Services Ltd Making gifts during your lifetime can be an effective way to reduce the value of your estate for Inheritance Tax (IHT) purposes. One of the most commonly used exemptions is the annual exemption. This allows an individual to give away up to £3,000