Bytheway & Co Accountants and Business Advisors

Bytheway & Co Accountants and Business Advisors Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Bytheway & Co Accountants and Business Advisors, Accountant, 23 Bilston Street, Dudley.

Bytheway & Co is a family run accountancy and business services practice established in 1979 and today, we continue to build on our enviable reputation for providing excellent advice and a first class service to our business and personal clients alike

Higher energy prices due to the conflict in the Middle East are set to make the median working-age British household £48...
05/06/2026

Higher energy prices due to the conflict in the Middle East are set to make the median working-age British household £480 worse off this year, according to the Resolution Foundation.

The think tank based its estimates on market-forecasts for the rise in energy prices consistent with market pricing after the announcement of a ceasefire.

For families with above average income, rising energy prices will likely tip living standards growth into negative territory, says the Foundation.

The typical household, previously on track for 0.9% growth, is now set to see its income fall by 0.6% – a difference of £480 – over the course of the current financial year.

It says that average income growth for the poorest fifth this year is now set to be just 1.2%, down from 2.8% before the conflict.

HMRC is warning pensioners to be on high alert for scams as the recovery of Winter Fuel Payments begins this month.Almos...
03/06/2026

HMRC is warning pensioners to be on high alert for scams as the recovery of Winter Fuel Payments begins this month.

Almost two million people are expected to repay their winter 2025 payment due to their annual income being more than £35,000. HMRC saw more than 25,000 Winter Fuel Payment scam referrals over the last 12 months. It is warning that scammers may now use the recovery process to target this group.

For most, the payment will be recovered through a change to their PAYE tax code from April 2026 with no need to contact HMRC.

For those in self assessment who file online, the payment should be pre-populated in their 2025/26 tax return. Customers should check and add it manually if it is not shown. Paper filers will need to add it on their tax return.

This applies across the UK - including in Scotland, where the payment is known as the Pension Age Winter Heating Payment and in Northern Ireland, where payments were made by the Department for Work and Pensions on behalf of the Northern Ireland Executive. In all cases, recovery is handled by HMRC.

Keeping on top of compliance is essential for any business, but the administrative burden can quickly become time-consum...
01/06/2026

Keeping on top of compliance is essential for any business, but the administrative burden can quickly become time-consuming and distracting. Bytheway Accountants provide a wide range of compliance services designed to keep your business organised, up to date and fully aligned with its statutory obligations.

From annual accounts and tax returns to payroll procedures, company secretarial work and wider reporting requirements, our experienced team ensures everything is prepared correctly, submitted on time, and managed with care. We help relieve the pressure of day-to-day compliance so you can focus more of your time on running and growing your business with confidence. Find out more at bythewayaccountants.co.uk.

The government's new procurement rules that target opportunities for smaller businesses offer hope to SMEs, according to...
29/05/2026

The government's new procurement rules that target opportunities for smaller businesses offer hope to SMEs, according to the British Chambers of Commerce (BCC).

Government departments have, for the first time, set individual spending targets for SMEs to deliver over £7.4 billion a year to small businesses by 2028.

Departments have for the first time, individually set direct SME spending targets and will publish yearly progress updates ensuring they are held to account, those who fall behind will need to set out robust actions on how they will improve.

In 2024, the BCC and Tussell's SME Procurement Tracker found only 20% of direct procurement spend from the wider public sector, including central government, went to SMEs.

Small businesses to be backed by new, stronger measures to tackle late payments, the government has announced.The Small ...
27/05/2026

Small businesses to be backed by new, stronger measures to tackle late payments, the government has announced.

The Small Business Commissioner will be given sweeping new powers to investigate poor payment practices, adjudicate payment disputes, and fine the worst offenders – with fines worth tens of millions for firms that persistently pay late or fail to comply with the new laws.

The government says the measures will tackle a problem costing the UK economy £11 billion every year.

The changes will include a new 60-day cap on payment terms on all large firms when paying smaller suppliers. New mandatory interest on late payments will also be introduced, with a requirement for all commercial contracts to include statutory interest set at 8% above the Bank of England base rate.

Please note that Bytheway Accountants will be closed on Monday 25th May for the Bank Holiday and will reopen as normal o...
25/05/2026

Please note that Bytheway Accountants will be closed on Monday 25th May for the Bank Holiday and will reopen as normal on Tuesday 26th May.

If you need to speak to our team, we will be back in the office and ready to assist you when we reopen. Find out more at bythewayaccountants.co.uk.

The government has confirmed it will review approved mileage rates for business users ahead of a future Budget. The anno...
22/05/2026

The government has confirmed it will review approved mileage rates for business users ahead of a future Budget. The announcement comes after more than a decade without change - despite rising fuel, insurance and maintenance costs leaving many workers covering the gap themselves.

Rachel Reeves, the Chancellor of the Exchequer, highlighted the issue earlier this month, recognising that approved mileage allowance payment rates have not changed since 2011 even as motoring costs have evolved significantly.

The government says the workers-first review will focus on people who rely on their car to do their job, ensuring 'they are not left out of pocket'. As part of this, the government says it will meet with people struggling with increased costs to inform this review as it develops.

In the meantime, the government says wider action is being taken to support people with the cost of living and keep prices down at the pump, including by freezing fuel duty until September.

Dan Tomlinson, Exchequer Secretary to the Treasury, said:

'Millions of working people rely on their car to do their job. But mileage rates have been unchanged since 2011 and that's increased the cost of working. A review is well overdue.

'Keeping prices down at the pump is an important way we can help people with the cost of living which is why fuel duty is already frozen.'

There is less than a year to go before all employers must tax benefits-in-kind via the payroll, the Chartered Institute ...
20/05/2026

There is less than a year to go before all employers must tax benefits-in-kind via the payroll, the Chartered Institute of Taxation has warned. Benefits-in-kind are non-cash benefits provided by employers to employees or directors. Common benefits include company cars, private medical insurance and gym membership.

While the benefit is paid for by the employer the recipient is required to pay Income Tax and potentially National Insurance contributions (NICs) on the value of the benefit, as if this value had been added to their salary.

Additionally, the employer must pay employer NICs on the value of the benefit. According to HMRC more than 3.5 million employees receive a taxable benefit-in-kind.

Currently, most employers compute the value of a taxable benefit after the end of the tax year and report it on a P11D form to HMRC and the employee. This means the employer potentially has up to 15 months to calculate, verify and report the value of a benefit.

From 6 April 2027 it will be a legal requirement to report and pay Income Tax and NICs on most benefits-in-kind and taxable expenses payments via payroll rather than waiting until the end of the tax year.

Planning for the future requires clear, well-informed advice, particularly when it comes to pensions, investments and wi...
18/05/2026

Planning for the future requires clear, well-informed advice, particularly when it comes to pensions, investments and wider financial protection. At Bytheway Accountants, we work with a trusted network of professional contacts to help ensure our clients are connected with the right independent advisers for their circumstances, giving them access to specialist support across areas such as pension schemes, auto enrolment, life assurance, investments and retirement planning.

In a complex and tightly regulated financial landscape, having the right guidance in place can make a significant difference. Whether you are reviewing your current arrangements or looking to put stronger long-term plans in place, Bytheway Accountants can help point you in the right direction with practical, professional support. Find out more at bythewayaccountants.co.uk.

15/05/2026

Bytheway & Co is a family run accountancy and business services practice established in 1979 and today, we continue to build on our enviable reputation for providing excellent advice and a first class service to our business and personal clients alike

Address

23 Bilston Street
Dudley
DY31JA

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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