Maxwells Chartered Accountants

14/10/2026

Many businesses still rely on traditional accounting methods, leading to inefficiencies and challenges in managing financial data.

Cloud accounting streamlines this process, offering accessible real-time data and improved collaboration. It ensures that your financial records are accurate and compliant with current regulations.

Neglecting to transition to cloud accounting can result in misplaced records, outdated information, and compliance risks. These issues can hinder your ability to make informed decisions and impact your business’s growth.

At Maxwells, we provide expert cloud accounting services designed to keep your financial operations organised and compliant. Our team focuses on accuracy and efficiency, ensuring your records are always up to date.

If you're interested in learning more about how cloud accounting can benefit your business or have any questions about our services, please reach out. Let us help you enhance your accounting practices and support your business goals.

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

12/10/2026

This week at Maxwells 💡
In a bid to invigorate the UK economy, the government has unveiled a bold consultation to modernise corporate reporting. By proposing a shift in standards, including audit exemptions for medium-sized firms and a new solvency-based approach for profits, they aim to lighten the load on businesses while promoting self-regulation. Yet, this move raises eyebrows about transparency and trust. Will these changes foster growth without compromising accountability? 💼 Share your thoughts below!

09/10/2026

Are you unsure about whether you need to pay Capital Gains Tax when selling a business asset? Many business owners overlook this important aspect, leading to unexpected tax liabilities.

Capital Gains Tax applies when you make a profit from selling assets like land, buildings, shares, or machinery. Understanding how to calculate your gain and the associated costs is crucial.

Ignoring this can result in penalties or missed opportunities for tax relief, potentially costing you more in the long run.

Maxwells can assist you by:

- Helping you accurately calculate your capital gains
- Advising on allowable costs and potential tax reliefs
- Guiding you through the reporting process if you need to declare a gain or loss

Don't let confusion lead to costly mistakes. Reach out to us for expert guidance tailored to your needs.

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

07/10/2026

Many in the agriculture sector overlook the importance of detailed expense tracking.

Accurate record-keeping is essential for compliance and helps you understand the financial health of your operations. This clarity is vital for making informed decisions as your business grows.

Neglecting proper records can lead to tax complications, compliance issues, and missed funding opportunities.

At Maxwells, we specialise in supporting agricultural businesses with their accounting needs, ensuring everything is organised and compliant.

Want to strengthen your financial management? Get in touch to find out how we can help!

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

06/10/2026

Delighted to be supporting such a fabulous opportunity to celebrate success across our region and within our business community.

We're delighted to announce Maxwells Chartered Accountants as a headline sponsor of The Sedgemoor Business Excellence Awards 2026!

A long established, independent firm of Chartered Accountants based in King Square, Bridgwater, Maxwells offer a complete range of accountancy, financial and business consultancy services to both businesses and individuals, from accounting, audit and payroll to business planning, tax and probate. Their mission is simple: to always add value, working closely with clients to get to know their business inside out, spot opportunities and help improve profits and encourage growth.

Interested in supporting the Awards too? Find out more about sponsorship opportunities here: sedgemoorchamber.co.uk/product-category/sponsorship-opportunities

05/10/2026

🌟 WE’RE FINALISTS - TWICE! 🌟

We’re absolutely delighted to share that Maxwells Chartered Accountants has been shortlisted for Employer of the Year at the Sedgemoor Business Excellence Awards 2026! 🏆

And there’s more...

A huge congratulations to our very own Indee Farthing, who has been shortlisted for the Rising Star Award - for the second year running! ⭐

To see Indee recognised again amongst some of the brightest emerging talent in Somerset is something we’re incredibly proud of. It’s also fantastic for Maxwells to be recognised in the Employer of the Year category, reflecting the brilliant team and culture we continue to build together.

This year’s Awards attracted more than 160 entries, with an exceptionally strong field across the categories, so simply reaching the final is an achievement worth celebrating.

We’re particularly proud to be supporting the event as a Principal Sponsor of the Sedgemoor Business Excellence Awards 2026. Supporting and celebrating the businesses and people driving our local economy forward is something that matters enormously to us.

The winners will be revealed at the Awards evening on Friday 20 November at Batch Country House. Until then, we’ll be keeping everything crossed! 🤞🏆

Congratulations to all of this year’s finalists. We look forward to celebrating with you in November.

Find out more about the Awards:
https://sedgemoorchamber.co.uk/business-awards/

05/10/2026

This week at Maxwells 💡
In the heart of Britain, over one in five working-age adults have stepped away from the workforce, largely due to ill-health and disability. Sir Charlie Mayfield’s report reveals a staggering 300,000 dropouts annually, often leading to isolation and declining mental health. Employers, entangled in a ‘culture of fear’, hesitate to reach out to sick employees, worsening the situation. With chronic conditions and young adults bearing the brunt of mental health issues, can stronger workplace support pave a path back to productivity? 🤔

02/10/2026

Are you confused about your Self Assessment tax return? Many believe it's just a formality, but understanding your tax statement and calculation is essential.

When you submit your Self Assessment, you'll receive a statement outlining your tax owed and a tax calculation detailing your total income and any allowances. These documents are crucial for determining your payment obligations.

Missing deadlines or failing to grasp your tax situation can lead to penalties and unexpected financial stress.

Maxwells can help you navigate this process by:

- Clarifying your Self Assessment statement
- Assisting with payments on account and balancing payments
- Providing guidance to avoid penalties and manage your tax efficiently

Don't leave your tax matters to chance. Get in touch with us for personalised assistance.

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

30/09/2026

Many property landlords think that as long as rent is coming in, their financial records are in good shape.

However, accurate record-keeping of all income and expenses is essential for compliance and understanding your overall financial health. This practice ensures you're prepared for any tax obligations and can identify areas for improvement.

Neglecting this can lead to tax complications, compliance issues, and disputes with tenants.

At Maxwells, we specialise in helping landlords organise their accounting, ensuring clarity and compliance.

Interested in enhancing your financial management? Get in touch to find out how we can help!

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

28/09/2026

This week at Maxwells 💡
In a move that could reshape England's tourism landscape, mayors are poised to introduce a new tourist tax on overnight stays. Instead of a fixed fee, this levy will be a percentage of visitors' total spending, promised to fund local tourism initiatives. As the government prepares to present this bill to Parliament, questions arise: How will these funds be managed, and will they truly benefit the areas that welcome visitors? 🌍 What are your thoughts on this new levy—will it enhance the travel experience or deter tourists? Share your views below!