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Monday 9am - 5:30pm Tuesday 9am - 5:30pm Wednesday 9am - 5:30pm Thursday 9am - 5:30pm Friday 9am - 5:30pm

Raymond's Accountants & Tax Consultants, Social Economy House, West Bromwich (2026)

19/10/2026

UK Economy Sees Unexpected Growth in August

In August, the UK economy unexpectedly grew, despite a drop in consumer spending ahead of John Healey's first budget as chancellor.

The Office for National Statistics reported that the GDP increased by 0.1% for the month, following a 0.4% rise in July. This growth defied City economists’ predictions of a 0.1% decline. With Healey's budget announcement approaching in less than two weeks, these figures offer an unexpected boost amidst the global economic turmoil caused by the Middle East conflict and rising energy costs impacting British households and businesses.

Although consumer-facing services declined by 0.3% due to increased petrol, diesel, and energy prices, the overall services sector showed no growth. The surprising GDP uptick was mainly due to a strong performance in manufacturing, which saw a 0.8% growth in the broader production sector encompassing manufacturing, mining, and energy generation, while construction output decreased by 0.2%.

18/10/2026

Raymond's Accountants is committed to simplifying your financial management. Our seasoned professionals take care of everything from tax returns to preparing financial accounts, keeping your business compliant and thriving.

By choosing us, you're not simply hiring an accountant; you're gaining a partner focused on helping you comprehend and enhance your financial situation. Reach out to us today via phone or email, and we'll tailor our services to meet your specific financial requirements.

This is one of the feedback's we have received from our existing customers.

17/10/2026

At Raymond's Tax Accountants, we are here to help give you the support you need to manage your financial affairs and keep you thriving and successful. Our team of professionals offer a wide range of services, including tax preparation, bookkeeping, and payroll, all designed to meet your requirements.

Whether you are an individual, a small business, or a large corporation, our experienced professionals are here to be your reliable partners in achieving financial success. Contact us today to discover how our expert guidance and committed service can help you reach your financial goals.

16/10/2026

Government Seeks Input on Employment Status, Excludes Tax Concerns

The government has announced a new consultation focused on revising employment status rules, specifically targeting gig economy workers.

The aim is to reduce the emphasis on personal service when determining whether someone is considered a worker or self-employed. This initiative, led by the Department for Business, seeks to enhance the employment rights of gig workers, such as parcel couriers, delivery drivers, and hairdressers.

These workers are frequently classified as self-employed, even though their roles are often similar to those of regular employees, who benefit from full employment rights. Notably, the consultation will not include a review of tax implications related to these changes.

15/10/2026

Burnham Advocates for Reform in Non-Compete Agreements

Prime Minister Andy Burnham has announced plans to reform employment laws, specifically targeting the widespread use of non-compete clauses.

Speaking in Manchester, Burnham emphasized that these clauses have become excessively restrictive, hindering workers' ability to move freely between jobs or start their own ventures after leaving a position. His proposed overhaul aims to alleviate these constraints, promoting greater flexibility and opportunity for employees in the job market.

Burnham said: ‘I know we need our innovators to move freely between companies and start their own without constraint. I believe some businesses have gone too far in their use of restrictive practices, such as non-compete clauses’.

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14/10/2026

39% of MTD Software Fails to File Year-End Reports

As another wave of taxpayers prepares to join the Making Tax Digital (MTD) initiative, a significant issue has emerged: 39% of HMRC-approved MTD software is unable to file crucial year-end reports.

An examination by LetCompliance, a firm specializing in landlord services, revealed that out of the 165 software products listed by HMRC, 65 lack the capability to file these reports. Furthermore, 46 products (28%) are still under development, and 19 (12%) have no plans to incorporate year-end report functionality.

MTD requires taxpayers to submit quarterly updates and a year-end report using compatible software. Although all listed products can handle quarterly updates, not all are equipped to complete the necessary year-end reporting, which is essential for fulfilling tax obligations.

13/10/2026

Over 3 Million UK Pension Pots Unclaimed, Averaging £6,000 Each

Nearly £19 billion is currently unclaimed in lost pension funds as many employees struggle to keep track of multiple workplace pensions, a situation worsened by the proliferation of small auto-enrolment pension pots.

According to recent findings from the Pensions Policy Institute (PPI), about three million pension accounts in the UK have gone astray, with an average of £6,000 in unclaimed savings per account. This issue has become more pronounced since the introduction of auto-enrolment, as employees often fail to maintain records when they frequently change jobs or move residences.

Most of these lost pensions (82%) belong to individuals under 55, comprising roughly 2.5 million of the lost accounts and £12.9 billion of the unclaimed funds. While the average amount unclaimed is £6,000, the situation is more dire for those approaching or in retirement, as individuals aged 55 to 74 have an average of £10,710 in missing funds.

12/10/2026

Beware of Impersonators Posing as HMRC Agents at Your Doorstep

To combat the increasing threat of fraud and doorstep impersonators, HMRC has revised its guidelines on verifying the authenticity of their representatives who may visit your home or office.

If an HMRC officer arrives at your location, it's crucial to confirm their identity by calling HMRC’s dedicated phone lines, which are available around the clock.

Make sure to use your own mobile phone for this call, as scammers may redirect calls to give the illusion of speaking with HMRC when, in reality, you’re connected to a fraudulent call center.

For more information please follow the link below:

https://www.gov.uk/government/collections/hmrc-phishing-and-scams-detailed-information

11/10/2026

Raymond's Accountants is committed to simplifying your financial management. Our seasoned professionals take care of everything from tax returns to preparing financial accounts, keeping your business compliant and thriving.

By choosing us, you're not simply hiring an accountant; you're gaining a partner focused on helping you comprehend and enhance your financial situation. Reach out to us today via phone or email, and we'll tailor our services to meet your specific financial requirements.

10/10/2026

At Raymond's Tax Accountants, we are here to give you the support you need to keep your finances in order. Our team of dedicated professionals offer a comprehensive array of services, including tax preparation, bookkeeping, and payroll, all designed to meet your unique requirements.

Whether you are an individual, a small business, or a large corporation, our experienced professionals are here to be your reliable partners in achieving financial success. Contact us today to discover how our expert guidance and committed service can help you reach your financial goals.

Raymond's Accountants & Tax Consultants

19/10/2026

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Monday	9am - 5:30pm
Tuesday	9am - 5:30pm
Wednesday	9am - 5:30pm
Thursday	9am - 5:30pm
Friday	9am - 5:30pm