Mitchells Grievson Chartered Accountants

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Mitchells Grievson Chartered Accountants A firm of Chartered Accountants offering accountancy, business consultancy and taxation services.

We are a firm of Chartered Accountants offering accountancy, business consultancy and taxation services to a wide variety of businesses.

The Autumn Budget has introduced several key updates to personal tax bands, allowances, and savings:❄️Frozen Thresholds:...
30/10/2026

The Autumn Budget has introduced several key updates to personal tax bands, allowances, and savings:

❄️Frozen Thresholds: The Personal Allowance remains at £12,570, and basic/higher rate tax thresholds are frozen until April 2031.

↗️Property & Savings Tax Changes: Applicable tax rates on property and savings income are seeing upward adjustments to 24% (basic rate), 44% (higher rate), and 49% (additional rate).

✅New Pension Tax Allowance: Launching in April 2027 to help ensure pensioners with total income up to the full new State Pension avoid income tax liabilities.

🚀Trading Allowance Boost: Increasing from £1,000 to £3,000 starting in April 2027 to simplify reporting for trading and miscellaneous income.

📘Read the full breakdown on Personal Tax from Mitchells Grievson Chartered Accountants to see how these changes impact your future planning: https://www.mitchells-online.com/news/autumn-budget/article/2026/October/personal-tax

📉📈Chancellor John Healey delivered his first Autumn Budget, offering 'Breathing Space now, Hope for the Future' for fami...
29/10/2026

📉📈Chancellor John Healey delivered his first Autumn Budget, offering 'Breathing Space now, Hope for the Future' for families and businesses.

Key takeaways from the announcement include:
➡️Energy Support: Extended VAT cuts on domestic electricity, the 5p fuel duty freeze/cut, and winter energy payments for eligible households.

➡️Business Relief: Increased Small Business Rate Relief thresholds to exempt more retail, hospitality, and leisure businesses.

➡️Tax & Allowance Updates: Adjustments to property and savings income tax rates, alongside changes to Writing Down Allowances and First Year Allowances starting in 2027.

📘Read the full breakdown and analysis from Mitchells Grievson Chartered Accountants to see what these changes mean for you and your business: https://www.mitchells-online.com/news/autumn-budget/article/2026/October/introduction

❓How can business overcome its biggest challenges – live at ICAEW Conference:🎙Recorded from ICAEW’s Annual Conference, t...
28/10/2026

❓How can business overcome its biggest challenges – live at ICAEW Conference:

🎙Recorded from ICAEW’s Annual Conference, this ICEAW podcast covers the biggest speakers from across the day about the challenges facing businesses in a variety of sectors, and what can be done about them. From the economy to cybercrime and growing in unpredictable environments.

👂Listen : https://www.icaew.com/insights/podcast/beyond-finance/how-can-business-overcome-its-biggest-challenges-live-at-icaew-conference

📇Business owners – could new pension and IHT rules affect your succession plans?21 October 2026➡️With less than six mont...
27/10/2026

📇Business owners – could new pension and IHT rules affect your succession plans?
21 October 2026

➡️With less than six months to go before most unused pension funds are brought within estates for inheritance tax purposes, business owners are being urged to consider how their succession plans may be affected.

4 minutes
📘Read more:

With less than six months to go before most unused pension funds are brought within estates for inheritance tax purposes, business owners are being urged to consider how their succession plans may be affected.

🗂NI Records:✅HMRC recently confirmed that it will write to almost 800,000 taxpayers who could have gaps in their Nationa...
23/10/2026

🗂NI Records:

✅HMRC recently confirmed that it will write to almost 800,000 taxpayers who could have gaps in their National Insurance (NI) record. According to HMRC, taxpayers who receive a letter or those who utilise its online pension forecast tool and identify gaps in their NI record ‘will be able to make contributions further than the usual six previous tax years and at the original rate’.

👁Here we take a look at NI contributions (NICs): https://www.mitchells-online.com/news/hot-topic

🍽Mitchells Celebrates Fundraising Success at NELD September Ladies Luncheon:🍾Local businesses joined together in dynamic...
22/10/2026

🍽Mitchells Celebrates Fundraising Success at NELD September Ladies Luncheon:

🍾Local businesses joined together in dynamic support of regional charities at the annual NELD September Ladies Luncheon, held on Wednesday 30th September 2026 at Hardwick Hall Hotel, raising an extraordinary total of £23,725.

📘Read more @ Mitchells Grievson: https://www.mitchells-online.com/news/mitchells-news/archive/article/2026/October/mitchells-celebrates-fundraising-success-at-neld-september-ladies-luncheon

North East Ladies Day

👨‍🦳Pensions and IHT: The 'double tax' trap9 October 2026➡For years, pensions have offered a valuable tax advantage along...
21/10/2026

👨‍🦳Pensions and IHT: The 'double tax' trap
9 October 2026

➡For years, pensions have offered a valuable tax advantage alongside retirement income, enabling people to pass on wealth to the next generation. But from April 2027, changes to inheritance tax rules could mean some families face a significantly larger tax bill than they expected.

4 minutes
📘Read more:

For years, pensions have offered a valuable tax advantage alongside retirement income, enabling people to pass on wealth to the next generation. But from April 2027, changes to inheritance tax rules could mean some families face a significantly larger tax bill than they expected.

Address

Kensington House, 3 Kensington
Bishop Auckland
DL146HX

Opening Hours

Monday 8:30am - 5:15pm
Tuesday 8:30am - 5:15pm
Wednesday 8:30am - 5:15pm
Thursday 8:30am - 5:15pm
Friday 8:30am - 3pm

Telephone

01388 605785

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