Beaumont Seymour Chartered Certified Accountants

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Professional and cost-effective accountancy and tax solutions in Colchester.

29/10/2026

Is keeping track of your finances becoming overwhelming? Many businesses encounter challenges with bookkeeping, often neglecting essential records.

Accurate bookkeeping is vital for compliance and provides a clear picture of your financial status. Properly organised records facilitate smooth tax preparation and reporting.

Failing to maintain these can lead to costly mistakes and compliance risks that affect your business.

At Beaumont Seymour, we specialise in efficient bookkeeping solutions tailored to keep your finances accurate and compliant. Our experienced team is here to support you every step of the way.

Interested in how we can help streamline your bookkeeping? Reach out to learn more!

👉🏻 Discover how we can help your business: https://www.beaumont-seymour.co.uk/

27/10/2026

This week at Beaumont Seymour 💡

In the challenging world of Small to Medium-Sized Enterprises (SMEs), late payments are a looming threat, costing the economy a staggering £11 billion each year and forcing 38 businesses to shut down daily. To combat this crisis, the government is introducing the Commercial Payments Bill, aiming to impose a strict 60-day limit on payment terms.

For SMEs, it's crucial to get invoices right—set clear terms, invoice promptly, and offer convenient payment methods. Are you doing everything you can to ensure timely payments? 💼 What strategies work for you? Share your thoughts below!

Read the full news article here: https://www.beaumont-seymour.co.uk/news-articles/avoiding-late-payments-with-an-invoicing-strategy

23/10/2026

Think selling an old painting or piece of jewellery is tax free? Not always. You may owe Capital Gains Tax if you make a profit when you sell a personal possession for £6,000 or more.

Ignore it and you risk an unexpected bill, or missing deductible costs and losses you could have claimed.

Beaumont Seymour helps by:
- working out your gain, including items sold for between £6,000 and £15,000
- identifying costs you can deduct, such as valuation fees
- checking exemptions, like gifts to a husband, wife, civil partner or charity

Talk to us before you sell, and we'll explain exactly where you stand.

👉🏻 Ready to grow? Let's talk: https://www.beaumont-seymour.co.uk/

22/10/2026

Many start-ups underestimate the importance of keeping accurate records from day one.

Proper bookkeeping isn’t just about tracking income and expenses; it’s crucial for compliance and understanding your cash flow. For example, documenting all business-related expenditures can help you maximise your tax deductions.

Ignoring this can lead to financial chaos, missed deadlines for tax returns, and potential penalties from HMRC.

At Beaumont Seymour, we specialise in supporting start-ups with clear organisation, compliance, and accurate reporting.

Let’s set your business up for success. Get in touch to learn more!

👉🏻 Let’s explore what’s possible for your business: https://www.beaumont-seymour.co.uk/

20/10/2026

This week at Beaumont Seymour 💡

On 1 October, a new lifeline was thrown to small businesses in the UK with the launch of the British Industrial Competitiveness Scheme (BICS). Set to ease the burden of soaring electricity costs, eligible manufacturers could see bills slashed by up to 25%. With applications open until 30 November 2026, the scheme aims to support over 10,000 firms, offering an additional bumper payment for timely applications. As industries adapt, will this relief spark a wave of innovation among small manufacturers? 💡 Let us know your thoughts below!

Read the full news article here: https://www.beaumont-seymour.co.uk/news-articles/small-manufacturers-can-apply-for-electricity-cost-relief

16/10/2026

Think Making Tax Digital for Income Tax is still something to worry about later? For some sole traders and landlords, compatible software is already required to report income, keep digital records and send quarterly updates to HMRC.

Choosing the wrong product can leave you unable to make a submission, or juggling tools that do not work together.

Beaumont Seymour helps by:

- checking whether the rules currently apply to you
- reviewing whether your software supports all your income sources
- keeping quarterly updates and your tax return on track

Get in touch and we will help you get set up with confidence.

👉🏻 Ready to grow? Let's talk: https://www.beaumont-seymour.co.uk/

13/10/2026

This week at Beaumont Seymour 💡

In a move aimed at spurring long-term economic growth, the UK government has launched a consultation to reform corporate reporting standards. This ambitious plan could ease the burden on medium-sized enterprises by extending audit exemptions and streamlining reporting requirements. However, with greater emphasis on self-regulation, some are left wondering: will this foster innovation or open the door to potential risks? As we await changes set to unfold by 2026, what do you think the balance should be between regulation and freedom? 💼

Read the full news article here: https://www.beaumont-seymour.co.uk/news-articles/consultation-on-modernising-corporate-reporting

09/10/2026

Think the VAT Flat Rate Scheme always saves money? You pay a fixed rate of VAT to HMRC and keep the difference, but you cannot reclaim VAT on your purchases, except for certain capital assets over £2,000.

Miss that you count as a limited cost business and you could be paying the higher 16.5% rate without realising.

Beaumont Seymour helps by:
- checking your VAT taxable turnover against the £150,000 joining threshold
- confirming the correct flat rate for your business type
- watching for the point where you must leave the scheme

Wondering whether the scheme suits your business? Get in touch for a clear answer.

👉🏻 Ready to grow? Let's talk: https://www.beaumont-seymour.co.uk/

08/10/2026

Many construction firms underestimate the importance of accurate job costing.

Failing to track the costs associated with each project can lead to significant financial discrepancies. By meticulously recording expenses such as labour, materials, and equipment, you can gain a clear view of project profitability. For instance, knowing your true costs helps manage cash flow and project bids effectively.

Neglecting this can result in budget overruns and unexpected tax liabilities.

At Beaumont Seymour, we specialise in helping construction businesses maintain organisation and compliance in their accounting.

Let’s build a solid financial framework together. Get in touch to learn more!

👉🏻 Let’s explore what’s possible for your business: https://www.beaumont-seymour.co.uk/

06/10/2026

This week at Beaumont Seymour 💡

In the heart of Britain, a troubling challenge looms as over one in five working-age adults step away from the workforce, mainly due to ill-health. Sir Charlie Mayfield's 'Keep Britain Working' review sheds light on an alarming truth: around 300,000 individuals leave employment annually, often slipping into a cycle of isolation and declining mental health. With the welfare bill expected to soar, is it time for employers to rethink their strategies and foster open communication to better support their workforce? 💼 What do you think could change this narrative?

Read the full news article here: https://www.beaumont-seymour.co.uk/news-articles/britain-s-insidious-long-term-workers-absence

Address

Colchester
CO33BZ

Telephone

+441206564379

Website

https://www.beaumont-seymour.co.uk/

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