Maxwells Chartered Accountants

13/06/2026

What a fantastic day at the Bridgwater Food and Drink Festival! ☀️

The sunshine brought out the crowds, creating a brilliant atmosphere with an incredible selection of food, drink and live entertainment throughout the day. It was wonderful to see so many people out enjoying everything our town has to offer.

A special mention to MADE Community Youth Theatre, who rounded off the festival with the final performance of the day. Maxwells Chartered Accountants are proud sponsors of this talented local group, and they certainly didn’t disappoint!

If you enjoyed their performance today, don’t miss the opportunity to see them in Matilda Jr at the McMillan Theatre from 8th to 11th July. It’s sure to be a fantastic production packed with energy, humour and some outstanding local talent. Tickets are available here: Book Matilda Jr Tickets. (mcmillantheatre.com)

Grab your tickets and support local talent! 🎭👏

12/06/2026

Are you confused about Inheritance Tax and what it means for your estate?

Inheritance Tax applies to the estate of someone who has passed away, but many are unaware of the thresholds and exemptions available. Generally, if your estate is valued under £325,000, you may not owe any tax. Giving away your home could even increase your threshold to £500,000.

Neglecting to understand these rules can lead to unexpected tax liabilities for your loved ones.

At Maxwells, we simplify Inheritance Tax for you:

- We assess your estate's value and explain your tax obligations.
- Our team helps you navigate exemptions and reliefs available.
- We support you in planning to minimise future tax burdens.

Take the next step to protect your estate. Reach out to us today for guidance!

👉🏻 Find out more at: https://www.maxwellsaccountants.co.uk/.

11/06/2026

Delighted to be Somerset Business Expo Partner and Exhibiting tomorrow - come and say hello at Stand 31 - all the details and to book your free visitor ticket, book onto speed networking, any of the seminars or the breakfast or closing feast.... https://sedgemoorchamber.co.uk/business-expo/

Somerset Business Expo is happening tomorrow. Have you planned your day yet?

The agenda is packed with 75+ exhibitors, free workshops and talks, free business support sessions, speed connecting opportunities and a full programme designed to support Somerset businesses at every stage.

From practical advice and expert insight to conversations with local businesses, suppliers and support organisations, the Expo is much more than an exhibition. It is a full day created to bring the Somerset business community together under one roof.

Book your free visitor ticket and explore the full agenda here:
https://sedgemoorchamber.co.uk/business-expo/

A huge thank you to the sponsors helping make the day possible:

Maxwells Chartered Accountants, Event Partner
West Country Business Show, Event Partner
Amicus Law Solicitors, Exhibitor Lounge Sponsor
BTG Restructuring, Breakfast Connecting Sponsor
Reframe HR, Business Support Pod Sponsor
Hilton Ames, Speed Connecting Sponsor
Parker Service Group Ltd, Networking Summer Feast Sponsor

10/06/2026

Many property landlords believe that tracking income is all that matters.

However, maintaining detailed records of all expenses and transactions is crucial for compliance and accurate reporting. Every receipt counts towards understanding your overall financial position.

Overlooking this can lead to tax complications, missed claims, and potential penalties.

At Maxwells, we specialise in helping landlords stay organised and compliant with their accounting practices.

Interested in simplifying your financial processes? Reach out to learn how we can support your property business!

👉🏻 Visit https://www.maxwellsaccountants.co.uk/ for more information.

08/06/2026

This week at Maxwells 💡
In a move that has small businesses buzzing with hope, the Small Business Protections Bill has taken centre stage in Parliament, thanks to a nod from the King’s Speech. This new legislation promises to level the playing field by capping payment terms at 60 days and enforcing hefty penalties for late payments. With new powers for the Small Business Commissioner, support is on the horizon for those struggling to stay afloat. As anticipation builds, will these measures truly transform the landscape for our cherished small enterprises? 💼 Share your thoughts below!

05/06/2026

Are you uncertain about when and how to pay Inheritance Tax?

After a loved one passes away, you usually have to pay Inheritance Tax within six months of their death. This can be a challenging time, and understanding the requirements is essential to avoid penalties from HMRC.

Missing deadlines could lead to interest charges, complicating an already difficult situation.

At Maxwells, we provide support to ease your burden:

- We help you understand your tax obligations and deadlines.
- Our team guides you through the payment process, ensuring accuracy.
- We assist with claims for refunds if you overpay.

Don’t let the complexities of Inheritance Tax overwhelm you. Reach out to us today for clarity and support during this challenging time!

👉🏻 Find out more at: https://www.maxwellsaccountants.co.uk/.

03/06/2026

Many property landlords underestimate the importance of thorough record-keeping.

Keeping accurate financial records is essential for compliance and ensuring all income and expenses are tracked correctly. This transparency can prevent headaches down the line.

Failing to maintain clear records can lead to tax issues, compliance penalties, or even disputes with tenants.

At Maxwells, we specialise in supporting landlords with their accounting needs, providing clarity and organisation to your financial processes.

Curious about how we can help your property business? Get in touch to learn more!

👉🏻 Visit https://www.maxwellsaccountants.co.uk/ for more information.

01/06/2026

This week at Maxwells 💡
In a bold move inspired by a wave of organised crime lurking in plain sight, a nationwide police offensive is set to sweep through Britain’s high streets, targeting dodgy shops that thrive on illicit activities. With fresh recruits trained to spot suspicious businesses and a new High Street Organised Crime Unit on the horizon, the crackdown promises to protect legitimate retailers and communities alike. As criminals are flushed out, one can't help but wonder: What impact will this have on the fabric of our local economies? 🏙️

29/05/2026

Are you unsure if you need to pay Capital Gains Tax when selling property?

If you sell property that isn’t your home—like buy-to-let properties or business premises—you may be liable for Capital Gains Tax on any profits. Understanding these rules can be tricky, especially with varying exemptions and allowances.

Ignoring these tax obligations could result in unexpected bills and penalties.

At Maxwells, we can help clarify your responsibilities:

- We assess whether you need to report Capital Gains Tax.
- Our experts guide you through calculating your gains and any applicable reliefs.
- We assist with timely reporting and payments to avoid penalties.

Don’t let confusion cost you. Reach out to us today to ensure you’re on the right track!

👉🏻 Find out more at: https://www.maxwellsaccountants.co.uk/.

27/05/2026

Many charities misjudge the importance of timely financial reporting.

Accurate and up-to-date records are crucial for compliance and transparency. They not only reflect your organisation’s financial health, but also keep you accountable to donors and stakeholders.

Neglecting this can lead to compliance issues, missed deadlines, and potential loss of funding.

At Maxwells, we specialise in helping charities maintain clarity and organisation in their accounting practices.

Want to ensure your charity stays on track? Get in touch to discover how we can support your financial needs!

👉🏻 Visit https://www.maxwellsaccountants.co.uk/ for more information.