Crombies Accountants Limited

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Crombies Accountants Limited Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Crombies Accountants Limited, Accountant, 34 Waterloo Road, Wolverhampton.

30/08/2025

High Income Child Benefit Charge – PAYE Option
📢 Parents earning between £60,000–£80,000 and liable for the High Income Child Benefit Charge will soon be able to pay it directly through PAYE.

No more Self Assessment just to cover the charge — a big simplification for many families.

30/08/2025

HMRC Interest Rates Drop
💷 Following the Bank of England’s rate cut, HMRC’s interest rates have fallen:

Late payment interest: 8%

Repayment interest: 3%

This matters if you have overdue tax or are waiting for a repayment.
We can check what this means for your business.

29/08/2025

HMRC Goes Digital by 2030
💻 HMRC wants 90% of customer interactions to be digital by 2030.

That means fewer paper letters, more automation, and digital tools for tax and compliance.
👉 Businesses will need to keep their records digital and stay compliant.

Are you ready for a digital-first HMRC?

28/08/2025

Inheritance Tax Relief Changes
🌾 From April 2026, Agricultural Property Relief (APR) and Business Property Relief (BPR) will be capped at £1m. Above that, relief drops to 50%.

This could mean bigger Inheritance Tax bills for family businesses and farms.
📞 Now is the time to review your estate planning before the new rules apply.

27/08/2025

Class 2 NICs Error – Check Your Tax Return
⚠️ HMRC has confirmed an error affecting Class 2 National Insurance contributions on some 2024/25 Self Assessment tax returns.

Some taxpayers have been wrongly charged £358.80. HMRC is correcting the issue, but check your SA302 carefully.

We can review your return and make sure you’re not paying more than you should.

26/08/2025

Child Benefit Deadline – Don’t Miss Out
👨‍👩‍👧 Parents — if your teenager is staying in education or training, you must renew your Child Benefit claim by 31 August.

Payments worth over £1,300 a year for your eldest child could stop if you miss the deadline!
✅ Renew quickly via the HMRC app or online.

26/08/2025

Making Tax Digital – Coming April 2026
📢 From 6 April 2026, landlords and self-employed with income over £50,000 must comply with Making Tax Digital (MTD).

That means:
✅ Keeping digital records
✅ Submitting quarterly updates via MTD software
✅ Filing your year-end return online

Get ahead of the change — we can help set you up with the right software and processes now.

13/06/2025

Capital Goods Scheme – Computers May Be Dropping Out

🖥️ Changes proposed to the VAT Capital Goods Scheme (CGS):

Computers might no longer count as capital goods

Threshold for land and buildings may rise from £250K to £600K

Still in consultation – but if you’re investing in high-value assets, you’ll want to keep an eye on this.

💬 We can help you plan purchases with tax in mind.

13/06/2025

Official Advisory Fuel Rates – Updated June 2025
🚘 Driving a company car? New HMRC advisory fuel rates apply from 1 June 2025.

✅ Petrol over 2000cc = 22p per mile
✅ Diesel over 2000cc = 17p
✅ LPG over 2000cc = 21p
✅ Electric = 7p per mile (unchanged)
✅ Hybrid? Use petrol/diesel rate

Employers can reclaim VAT on the fuel portion – provided there’s a proper VAT invoice.

📄 Let us know if you’d like help updating your expense policies.

13/06/2025

Mileage Allowance Reminder – 2025 Still Follows 45p Rule

🚗 Employees using their own cars for work?

✅ Tax-free mileage remains:

45p/mile for the first 10,000 miles

25p/mile after that

Plus 5p per passenger!

📢 Employers can still reclaim VAT on the fuel part (if backed by a valid VAT receipt).

Need help calculating mileage claims or setting policies? Give us a bell.

Address

34 Waterloo Road
Wolverhampton
WV14DG

Opening Hours

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

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