CWM Chartered Accountants

CWM Chartered Accountants Chartered accountants and registered auditors. Services include accounting, auditing, company secretarial, personal, self assessment and corporate tax advice.

Online accounting and payroll software provided.

Alert: Dividend tax rates have clear thresholds that could affect your income this year. Are you within the tax-free all...
12/05/2026

Alert: Dividend tax rates have clear thresholds that could affect your income this year. Are you within the tax-free allowance or might you need to file a return? Find out why this matters now.

Dividends are taxed differently from other types of income, with separate allowances and tax rates that depend on your overall level of income. You do not pay tax on dividends that fall within your Personal Allowance (2026-27: £12,570), and there is also a separate tax-free dividend allowance of £...

Alert for couples: You could cut your combined tax bill by transferring part of your Personal Allowance. Curious how it ...
11/05/2026

Alert for couples: You could cut your combined tax bill by transferring part of your Personal Allowance. Curious how it works? Read on to find out why this matters for your finances now.

The Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. Your Personal Allowance is the amount you can earn before paying Income Tax (£12,570 for the 2026–27 tax year). This transfer can reduce your partner’s tax by up to £252 in the t...

Alert: Crossing the £100,000 income mark could push your tax rate to 60%! Curious how? Read on to uncover the personal a...
11/05/2026

Alert: Crossing the £100,000 income mark could push your tax rate to 60%! Curious how? Read on to uncover the personal allowance trap and what you might do about it.

Many taxpayers are surprised to learn that once their income exceeds £100,000, they can face an effective tax rate of 60%, although officially, no such rate appears to exist. This happens when the personal allowance (currently £12,570) is gradually withdrawn once adjusted net income goes above £1...

If you are self-employed or a member of a partnership, you may be able to claim tax relief when your business makes a lo...
08/05/2026

If you are self-employed or a member of a partnership, you may be able to claim tax relief when your business makes a loss. There are several ways trading losses can be used, but each loss can only be used once and specific conditions apply.

If you are self-employed or a member of a partnership, you may be able to claim tax relief when your business makes a loss. There are several ways trading losses can be used, but each loss can only be used once and specific conditions apply.

Alert: Your savings interest could be tax-free if your income is under certain limits. Curious if this affects you? Find...
07/05/2026

Alert: Your savings interest could be tax-free if your income is under certain limits. Curious if this affects you? Find out why millions could keep more of their interest earnings now.

If your taxable income for the 2026–27 tax year is less than £17,570, you will not pay any tax on the interest you receive. This figure combines the £5,000 starting rate for savings (taxed at 0%) with the £12,570 personal allowance.

Alert: Transfers between spouses or civil partners might not trigger Capital Gains Tax, but watch out for key exceptions...
06/05/2026

Alert: Transfers between spouses or civil partners might not trigger Capital Gains Tax, but watch out for key exceptions like separations and business assets. Find out why this matters for shared finances and how to keep your records straight. Read on to learn the full story.

Transfers of assets between spouses or civil partners are usually free from Capital Gains Tax (CGT). When you give or sell an asset to your spouse or civil partner, it is treated as a disposal for CGT purposes, but on a ‘no gain, no loss’ basis.

Alert: Bonuses could hit your take-home pay harder than you think. Whether cash or gifts, understanding how they're taxe...
06/05/2026

Alert: Bonuses could hit your take-home pay harder than you think. Whether cash or gifts, understanding how they're taxed is key. Find out why your bonus might feel smaller than expected and what employers must watch out for. Read on to see what that extra pay really means.

Bonuses are treated as taxable earnings, so both employers and employees need to understand how they are taxed and reported.

Alert: Your National Insurance payments change when you hit State Pension age, but your tax duties don't disappear. Wond...
05/05/2026

Alert: Your National Insurance payments change when you hit State Pension age, but your tax duties don't disappear. Wondering what stays the same and what shifts? Find out why this matters if you're still working and how to handle it smoothly.

If you continue working after reaching State Pension age, your National Insurance position changes, but your Income Tax obligations largely remain the same.

Alert for anyone using taxis or ride-hailing services: VAT rules are shifting in a way that could affect your fares and ...
05/05/2026

Alert for anyone using taxis or ride-hailing services: VAT rules are shifting in a way that could affect your fares and receipts. Find out why businesses need to check their VAT invoices closely and what this change means for drivers both in and outside London. Read on to stay ahead.

Changes announced in the Autumn Budget have removed the use of a niche VAT scheme known as the Tour Operators Margin Scheme (TOMS) for private hire vehicle operators from January 2026.

Alert for business owners: There's a tax relief cap at £1 million each year for plant and machinery costs. Want to learn...
01/05/2026

Alert for business owners: There's a tax relief cap at £1 million each year for plant and machinery costs. Want to learn why the timing of your purchase matters? Find out why making your move now could change your tax bill.

The Annual Investment Allowance (AIA) is a valuable tax relief that allows businesses to deduct the full cost of qualifying plant and machinery from their taxable profits. This means that, instead of claiming relief over several years, businesses can often obtain 100% tax relief upfront.

Tax return deadlines for 2025–26 are set: file paper by 31 October 2026 or online by 31 January 2027. Filing early means...
30/04/2026

Tax return deadlines for 2025–26 are set: file paper by 31 October 2026 or online by 31 January 2027. Filing early means less stress and quicker refunds. Find out why acting now pays off.

The 2025–26 tax year ended on 5 April 2026, and attention now turns to filing your self-assessment tax return. While many leave this until the last minute, there are advantages to filing early.

Address

1a High Street
Epsom
KT198DA

Telephone

01372 727333

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