TAG Accountants Group Limited

TAG Accountants Group Limited TAG Accountants Group is a proactive firm of chartered accountants, tax advisors and business advisors. Let us help you build a better life!

5 Things You Need to Know About the 2026/7 Tax Year ChangesNo.3 - Corporation Tax: The S455 Charge & Late Filing Penalti...
25/05/2026

5 Things You Need to Know About the 2026/7 Tax Year Changes
No.3 - Corporation Tax: The S455 Charge & Late Filing Penalties ⚠️
The main corporation tax rates aren't changing in 2026/7 — but two updates could catch businesses off guard if they're not prepared.
1️⃣ The S455 Charge is Going Up If you have an overdrawn director's loan account, take note. The Section 455 charge — applied to loans not repaid within 9 months of the accounting period end — is rising to 35.75% for loans made on or after 6 April 2026. This is a significant increase and warrants urgent attention.
2️⃣ New Late Filing Penalties For corporation tax returns due on or after 1 April 2026: 📌 Initial penalty: £200 📌 Over 3 months late: £400 📌 Repeat offenders face escalating fines
Staying compliant has never been more important. Our outsourced finance services at TAG Accountants ensure your records are always in order and your filings are always on time — so penalties simply aren't something you need to worry about.
📞 01902 783 172

☀️ Dreaming of a summer holiday but can't quite switch off from work?That nagging worry — "what if something goes wrong ...
25/05/2026

☀️ Dreaming of a summer holiday but can't quite switch off from work?
That nagging worry — "what if something goes wrong while I'm away?" — is one of the most common things we hear from business owners. And it's a sign that your business might be running you, rather than the other way around.
The good news? With the right systems, processes, and support in place, your business really can keep ticking over without you being glued to your phone on the beach. 🏖️
At TAG Accountants, we work with business owners to help them build a more structured, streamlined operation — so you can take the time off you deserve, with confidence.
This summer, give yourself permission to actually switch off. 🌴
💬 Is your business ready to run without you? Drop a comment below — we'd love to help!

The Employment Rights Act4 Things You Need to Know — No. 2: Family Leave & Statutory Sick PaySignificant changes are com...
24/05/2026

The Employment Rights Act
4 Things You Need to Know — No. 2: Family Leave & Statutory Sick Pay
Significant changes are coming to family leave and sick pay — and they place greater responsibility on employers right from an employee's very first day.
Day-One Rights Statutory Paternity Leave and Unpaid Parental Leave are now available from the first day of employment. If your HR policies and payroll processes haven't been updated yet, now is the time.
Statutory Sick Pay (SSP) The three-day waiting period is gone. The lower earnings threshold is gone. SSP is now payable from day one of illness — regardless of what an employee earns.
For businesses with high staff turnover, this will have a real cost impact. Our outsourced finance team can help you navigate the payroll transitions smoothly.
💬 See all 4 things — link in the first comment below.

5 Things You Need to Know About the 2026/7 Tax Year Changes No.2 Income Tax: Watch Out for the Dividend Tax Increase 📈Mo...
24/05/2026

5 Things You Need to Know About the 2026/7 Tax Year Changes
No.2 Income Tax: Watch Out for the Dividend Tax Increase 📈
Most income tax rates and thresholds are staying the same in 2026/7 — but there's one significant exception that company directors and shareholders need to be aware of: dividend tax rates are rising.
Here's the breakdown:
Basic rate (up to £37,700) from 8.75% to 10.75%
Higher rate (£37,701 – £125,140) from 33.75% to 35.75%
Additional rate (above £125,140) from 39.35% to 39.35% (unchanged)
If dividends make up a meaningful part of your income, a 2% increase might sound small — but over a full year it can add up to a significant amount.
Now is a smart time to review your remuneration strategy. Our tax planning specialists at TAG Accountants can help you understand exactly how this affects your take-home pay and whether there are more tax-efficient options available to you.
📞 01902 783 172 🌐 www.tag-agl.com

🌸 Spring isn't just for decluttering your home — it's the perfect time to spring clean your finances too!Take a fresh lo...
23/05/2026

🌸 Spring isn't just for decluttering your home — it's the perfect time to spring clean your finances too!
Take a fresh look at your subscriptions, standing orders, direct debits and recurring expenses. Ask yourself: are you still getting value from everything you're paying for?
You might be surprised how many small, forgotten charges are quietly draining your cash flow each month. Cancelling even a few unused services can make a real difference to your bottom line — especially for small businesses.
💡 Small savings add up to stronger cash flow. And stronger cash flow means a healthier, more resilient business.
Not sure where to start? We can help you take stock and make smarter financial decisions. 💼
📞 01902 783 172

The Employment Rights Act4 Things You Need to Know 🚨No.1 Dismissal, Probationary Periods, and Employment ContractsThe Em...
23/05/2026

The Employment Rights Act
4 Things You Need to Know 🚨
No.1 Dismissal, Probationary Periods, and Employment Contracts
The Employment Rights Act is introducing major shifts in how employers must handle contracts and dismissals. Here are the key updates you need to prepare for:
⚖️ Unfair Dismissal: Employees will soon be able to bring unfair dismissal claims after just six months of service (down from two years). Plus, the cap on compensation is being removed, meaning awards could become unlimited.
🚫 Re-Engagement Practices: You will face strict limitations on dismissing employees to impose changes to key contract terms, like pay or hours. Doing so will automatically be considered unfair unless severe financial hardship can be proven.
⏱️ Probationary Periods: With rights kicking in at six months, we strongly advise reviewing your recruitment and onboarding procedures now. Many businesses are shortening probationary periods to 3-4 months to properly assess new recruits before these extra protections take effect.
Our advisory team is ready to help you navigate these updates and protect your business. Reach out today! 🤝

5 Things You Need to Know About the 2026/7 Tax Year Changes No.1 — Making Tax Digital for Income Tax: A Major Milestone ...
22/05/2026

5 Things You Need to Know About the 2026/7 Tax Year Changes No.1 — Making Tax Digital for Income Tax: A Major Milestone 🖥️ From 6 April 2026, Making Tax Digital (MTD) for Income Tax is now live — and if you're self-employed or a landlord with combined business or property income over £50,000 per year, this applies to you. Here's what that means in practice:

✅ Your records must be kept digitally
✅ You'll need to submit quarterly updates to HMRC
✅ Your first submission (covering to end of June 2026) is due by 7 August 2026

The clock is ticking. If your current accountant hasn't been in touch about MTD yet, don't wait — getting set up correctly from the start will save you stress and potential penalties down the line. Our team at TAG Accountants has already been supporting many clients through this transition. Whether you're just starting out or need a second opinion, we're here to guide you every step of the way. 📞 01902 783 172

5 Salary Sacrifice Options for 2026 No.5 Technology and Home Office EquipmentWorking from home? Save on laptops, phones,...
24/04/2026

5 Salary Sacrifice Options for 2026 No.5 Technology and Home Office Equipment

Working from home? Save on laptops, phones, and office equipment through salary sacrifice!

✅ Key Benefits:
• Tax and NIC savings on equipment you'd otherwise buy with net pay
• Supports flexible and remote working
• Get the tech you need for productivity

⚠️ Important to Know:
• Equipment must be primarily for business use to qualify
• Can be complex to administer
• HMRC may scrutinise arrangements appearing to be for personal use
• Lower financial impact relative to other options

Ideal for hybrid and remote workers!

23/04/2026

💡 Plan Ahead & Avoid Tax Bill Surprises!
One of the simplest things you can do for your financial health is to set up a dedicated savings account for your tax bill — and start making small, regular contributions each month.
A little monthly planning goes a long way. Instead of scrambling when payments are due, you'll have the funds ready and waiting. 🗓️💰
At TAG Accountants, we help our clients stay one step ahead with smart, practical tax planning strategies tailored to their business.
📩 Get in touch with us today — let's make tax time stress-free!

5 Salary Sacrifice Options for 2026 No.4 Workplace Nursery or Childcare Working parents, this one's for you! Where emplo...
22/04/2026

5 Salary Sacrifice Options for 2026
No.4 Workplace Nursery or Childcare

Working parents, this one's for you! Where employers provide or fund a workplace nursery, significant tax savings are available.

✅ Key Benefits:
• Potentially substantial NIC and income tax savings
• Highly valued benefit that aids recruitment and retention
• No cap on the amount you can sacrifice for qualifying nurseries
• Eases the financial burden of childcare

⚠️ Important to Know:
• Only applies to nurseries meeting HMRC's qualifying criteria
• Does NOT apply to childcare vouchers (closed to new entrants in 2018)
• Requires employer arrangement with approved nursery provider

22/04/2026

🗓️ The new tax year starts April 6th — are you ready?
This is the perfect opportunity to review your financial goals, take stock of where you are, and build a solid budget for the year ahead.
Don't just drift into the new tax year without a plan. Set clear goals — and use us as your sounding board. That's exactly what we're here for.
💬 Drop us a message or book a chat with the team today.

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Wolverhampton
WV95HD

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Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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+441902783172

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