Beaumont Seymour Chartered Certified Accountants

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

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

02/10/2026

Think working abroad means no UK tax to worry about? If you're UK resident, foreign wages, rental income, overseas pensions and investment income are normally taxable here too.

Get your residence status wrong and you could misreport income, miss reliefs, or face unexpected tax bills.

Beaumont Seymour helps you stay on the right side of the rules.

- checking your UK residence status
- identifying if Foreign Income and Gains relief applies
- reporting foreign income correctly on your tax return

Earning income abroad? Get in touch to check where you stand.

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

01/10/2026

Many property landlords overlook the importance of separating personal and rental income accounts.

Mixing these can lead to confusion when tracking rental income, expenses, and tax obligations. It’s vital to maintain separate records for rental properties to ensure accurate reporting and compliance. For example, clearly documenting maintenance costs against income can help identify profitable properties.

Failing to do this can result in inaccuracies, potential tax discrepancies, and missed opportunities for deductions.

At Beaumont Seymour, we specialise in helping landlords organise their finances and ensure compliance.

Let’s streamline your accounting. Get in touch to learn more!

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

29/09/2026

This week at Beaumont Seymour 💡

In a move to boost local economies, mayors across England are set to gain the authority to implement a new tourist tax on overnight stays, affecting both British and foreign visitors. Rather than a fixed fee, the charge will be a percentage of their total spend. Supporters believe this could fund vital tourism initiatives, though how the funds are allocated will be at the discretion of local leaders. As England prepares for this change, one wonders: could such a tax enhance or hinder the appeal of our vibrant destinations? 🏙️ What do you think? Leave a comment below!

Read the full article here: https://www.beaumont-seymour.co.uk/news-articles/england-s-new-tourist-tax

25/09/2026

Selling a business asset for more than you paid could mean Capital Gains Tax is due. This covers land, equipment, shares, trademarks and even business reputation.

Miscalculate your gain or miss a relief and you could pay more tax than necessary, or face reporting issues.

Beaumont Seymour helps by:

- calculating your true gain accurately
- identifying reliefs like Business Asset Disposal Relief
- ensuring reporting deadlines are met

Selling a business asset soon? Get in touch to plan ahead.

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

Address

Colchester
CO33BZ

Telephone

+441206564379

Website

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

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