What are the opening hours?

Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 1pm

Wellway Accountants Limited

Home
United Kingdom
Morpeth
Wellway Accountants Limited

Over 30 years of trusted insight and proven expertise. Call us today: 01670 514433

Leading chartered accountants and financial advisers based in the heart of Morpeth, supporting ambitious businesses and clients in the North East region and beyond. We aim to help you cut through the sea of red tape, whether it be at the Inland Revenue, Companies House or other financial organisations. We make it our business to take care of your regulatory issues so you can focus on growing your business.

17/10/2026

📅 Key Tax Dates & Deadlines! October – November 2026 🗓️

Keeping track of important tax dates is essential for staying compliant and avoiding unnecessary penalties. With several key deadlines coming up in October and November, now is the time to get organised and ensure everything is in order. Here are the important dates to add to your diary! 👇

🔹 19TH OCT – PAYE & NIC deductions, and CIS return and tax, for month to 05/10/2026 (due 22 October if you pay electronically). These are also the due dates for Class 1B NICs due under PAYE Settlement Agreements.

🏛️ 28TH OCT – Chancellor John Healey delivers Autumn Budget 2026.

📄 31ST OCT – Paper Self Assessment tax returns for 2025/26.

🏢 1ST NOV – Corporation Tax for year to 31/01/2026, unless quarterly instalments apply.

📊 7TH NOV – Deadline for the second Quarterly Update required under MTD for Income Tax.

🔹 19TH NOV – PAYE & NIC deductions, and CIS return and tax, for month to 05/11/2026 (due 22 November if you pay electronically).

💼 How Can We Help?

Keeping up with tax deadlines can be challenging, but you don’t have to manage everything alone. We’re here to help you stay organised, understand your tax obligations and meet important deadlines with confidence.

📩 Get in touch with our team to find out how we can support you and help keep your tax affairs on track.

16/10/2026

Who's watching The Traitors?? 🙋‍♀️

We all love it in the office at Wellway Accountants so we thought we'd do a team sweepstake to make it EVEN more exciting!

We've each been randomly allocated a player (with another lucky dip allocating the extra players)... who do you think has the best chance of winning? 👀

15/10/2026

AUDIT SERVICES 🔎

Our Audit Services go beyond mere compliance; they are a strategic investment in the long-term success and financial integrity of your business.📊

An audit is about more than checking the numbers. It gives you confidence that your financial information is accurate, reliable and properly supported while providing valuable insight into your business.

At Wellway Accountants, we take the time to understand your business and make the audit process as straightforward as possible.

✔️ Professional & thorough
✔️ Tailored to your business
✔️ Clear, practical advice
✔️ Support from an experienced team

Need an audit or want to find out more? Get in touch with the Wellway team.

📍 Morpeth, Northumberland

13/10/2026

🎃 Our October issue of Wellway Insights has landed! 🍂

Read here: https://bit.ly/4dw0mdu

It’s finally spooky season - are you ready for a frightfully good round-up of the latest tax and business news?? 👀

We've gathered the latest updates and insights to keep you in the know, all wrapped up in one handy, easy-to-read newsletter. No tricks, just treats!

📌 Topics Include:

📅 Key tax dates and deadlines for October & November.
🧾 MTD for Income Tax: The Story Continues in 2027.
🚗 When is VAT on cars reclaimable?
🏛️ Chancellor promises to cut red tape and boost growth.
🔍 New tool to check tax deadlines.
🧳 England’s new tourist tax.
👔 Additional self-assessment disclosures for directors in 2025/26.

You can read online here (if you dare!) https://bit.ly/4dw0mdu

As always, if anything has you puzzled or you need a helping hand to keep those business nightmares at bay, please get in touch - we're always happy to help.

Enjoy and have a spooktacular Halloween!

12/10/2026

📢 MTD for Income Tax: first quarterly deadline has passed

The first quarterly submission deadline for the 2026–27 tax year passed on 7 August 2026. HMRC has confirmed that 436,000 taxpayers filed their first quarterly update by the deadline. 🧾

However, HMRC also revealed that, as of 12 August, over 570,000 taxpayers had signed up for MTD for Income Tax. With around 864,000 taxpayers expected to need to register from April 2026, a significant number still haven’t signed up. ⚠️

🔎 What is HMRC doing?

From September, HMRC will begin signing up taxpayers who are required to use MTD for Income Tax for 2026–27 but have not registered themselves.

You can avoid being signed up by HMRC by registering now and making sure your MTD details are correct from the outset.

MTD for Income Tax is a legal requirement for sole traders and landlords earning more than £50,000 from self-employment and property, unless exempt. From April 2027, the threshold will reduce to £30,000. 💻

💷 What about penalties?

There will be no penalty points for late quarterly updates during 2026–27, but penalties will still apply for late tax returns and payments.

Remember, quarterly updates do not replace your Self Assessment tax return.

From 6 April 2027, a points-based penalty system will apply, with taxpayers receiving one point for each missed quarterly deadline and a £200 fixed penalty once four points are reached. 🚨

👉 If you haven’t registered for MTD for Income Tax and are concerned it may apply to you, or you receive a letter from HMRC, contact us as soon as possible. We can help you understand your obligations and navigate the registration process. Call us on 01670 514433 or email us at [email protected]

09/10/2026

💡💷 Turned your hobby into a side hustle? Don’t forget about tax!

Wedding season is in full swing 💍✨ and for some it’s also the perfect time to make a little extra money whether you’re creating beautiful wedding stationery, filming first dances 🎥, baking show-stopping cakes 🎂 or offering another creative service!

But HMRC wants to remind you that side hustle income may be taxable 👀

If you earn more than £1,000 from your side hustle(s) in a tax year, you may need to register for Self Assessment and pay tax.

And remember, the £1,000 threshold is combined. So if you have more than one side hustle, you’ll need to add the income from each together before deciding whether you’ve gone over the threshold.

🛍️ Selling a few unwanted items is unlikely to need reporting to HMRC. However, if you’re regularly selling goods for a profit or providing services for payment, this is more likely to be considered trading and may need to be declared.

✨ Not sure whether your side hustle means you need to pay tax? Don’t worry -we’re happy to help!

📩 Get in touch and we can help you understand your tax obligations! You can call Wellway Accountants on 01670 514433 or email us at [email protected]

08/10/2026

🚨 Benefits in Kind (BIKs): important changes are coming!

From 6 April 2027, Phase 1 of HMRC’s Mandatory payrolling of Benefits in Kind and expenses comes into force.

📅 Phase 1 will apply to:
🚗 Company cars
⛽ Car fuel
🚐 Vans
⛽ Van fuel
🏥 Medical benefits

Mandatory payrolling for most other benefits will follow from April 2028.

💡 What does this mean for employers?

Employers will need to start preparing for the changes, including making sure payroll software and processes are correctly set up.

But it’s not just about systems and processes. Employers should also consider communicating the changes to employees. 🗣️

Early communication can help staff understand how the changes may affect their tax code and take-home pay. 💷

🔎 What should employees know?

If employees currently pay tax in arrears on BIKs, they will no longer do so from April 2027 for benefits included in Phase 1.

Many employees may not realise that this is how they currently pay tax on their BIKs.

From April 2027, tax on cars, vans, fuel and medical benefits will be paid in real time, in the year the benefits are received.

📌 Employees may currently have a deduction in their tax code based on an estimated benefit. This will no longer be the case for Phase 1 BIKs from April 2027.

One important point to explain is that some employees could be paying tax in real time on benefits received in 2027–28, while also catching up with tax due on BIKs from the previous tax year.

⚠️ This could make it look as though they are paying tax twice.

They are not being taxed twice on the same benefit, but without clear communication, the change could understandably be confusing.

💬 Employees who experience financial hardship because of this overlap can be advised to contact HMRC to discuss the options available based on their circumstances.

👉 Need help preparing for the changes?

If you have queries or need advice on payroll or Benefits in Kind, please get in touch. We’d be glad to help. 01670 514433

07/10/2026

A timeless view of our beautiful home, Morpeth. 🕰️

We’re so proud to be based in a town with so much character and history. As a local accountancy and financial advisory firm, we're even luckier to help so many local businesses and individuals make the most of their time, money and future!

Come pop by Wellway today! We're located in the heart of Morpeth (a stone's throw from the bus station) and we're ready to support your financial and business needs!

06/10/2026

BUSINESS PLANNING SERVICES 💼👨‍💼

Plan with confidence. Make better decisions. Build for the future.

At Wellway Accountants, our business planning service provides clear, practical guidance to help you understand where your business is now, where you want to go, and how to get there! 🎯

From strategic planning and goal setting to financial forecasts, growth opportunities, risk management and ongoing reviews - we help turn your ideas into a clear, practical plan.

✅Clear, practical business advice tailored to you
✅Strategic planning and long-term direction
✅Setting clear business goals and objectives
✅Developing a focused business strategy
✅Financial forecasting, budgets and projections
✅Identifying opportunities for growth and improvement
✅Identifying potential challenges and business risks
✅Practical risk management and contingency planning
✅Reviewing business performance and key priorities
✅Ongoing support, guidance and plan reviews

Plan with purpose. Grow with confidence.

04/10/2026

🏠 LANDLORDS: HMRC IS WATCHING 👀

HMRC has started writing to landlords where information it receives from third parties doesn’t appear to match the rental income declared on their tax records.

HMRC receives data from sources such as tenancy deposit schemes and other reporting systems and is increasingly using this information to identify potential discrepancies.

📩 If you receive a letter from HMRC, don’t ignore it.

You’ll be asked to review your tax position and take action by the deadline in the letter.

If you have undeclared rental income, HMRC expects you to make a disclosure.

If everything has been correctly declared, you should still respond using the contact details provided.

⚠️ Why is this important?

If HMRC later opens a compliance check or criminal investigation, a disclosure made at that stage could be treated as a “prompted” disclosure, potentially resulting in higher penalties.

HMRC is also reminding landlords to consider:

💷 Whether they have any Capital Gains Tax obligations after selling a rental property.

💻 Whether they need to comply with Making Tax Digital (MTD) for Income Tax.

The message is clear: make sure your rental income is fully declared and your records are accurate.

📩 Received an HMRC letter and not sure what to do? Get in touch and we can help you review your position and respond appropriately.

Address

Morpeth
NE611BN

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 1pm

Website

https://www.wellway.uk.com/

Alerts

Be the first to know and let us send you an email when Wellway Accountants Limited posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Wellway Accountants Limited: