Greenwood Tax and Accounting

27/11/2025

🚨 The Budget Aftermath is Here!

Another Budget has landed, and the news isn't great—especially if you value stability and lower taxes. While headline income tax rates for working people weren't touched, the Chancellor, Rachel Reeves, has found ways to significantly increase the tax burden through freezing allowances and targeting investment income.

The biggest sting? The Personal Allowance and Higher Rate tax thresholds are now frozen until April 2031. That means ten long years of fiscal drag pulling more of your income into higher tax brackets!

And don't overlook the targeted tax hikes: we're seeing a 2% increase on Savings, Dividend, and Property Income. This signals a fundamental shift in how passive income is treated.

The good news? Rumours of VAT rate hikes and a lower registration threshold were thankfully just rumours!

As your tax specialist, I’ve broken down the full impact of these changes for:
👤 Individuals: How the freeze affects your take-home pay.
🏢 Businesses & Self-Employed: The true cost of increased dividend tax and NI changes.
💰 Shareholders: Preparing for higher dividend tax rates.
🏘️ Landlords: What the new property income tax rates mean for your returns.

Ready to find out exactly how the Budget will hit your finances? Read my full Autumn Budget Summary 👇
https://greenwoodtax.co.uk/autumn-budget-summary-2025/

01/07/2025

📢 Company Directors: Have you verified your identity with Companies House yet?

New rules mean all directors and Persons with Significant Control (PSCs) must complete identity verification to file key documents like Confirmation Statements and accounts. That includes agents too – no verification, no filing.

You’ll need to set up a Gov.UK One Login and get your unique 11-digit Companies House Personal Code. The process is live now and will soon be mandatory – so don’t wait.

Our latest blog walks you through the full process, step-by-step, including Kathryn’s own 10-minute experience using a chip passport and smartphone. Read here: https://bit.ly/4l53e2t

If you are a company director then you need to read this! Companies House are introducing a requirement for all directors and persons with significant control (PSC) to verify their identity with Companies House in order to file documents including the annual Confirmation Statement and company accoun...

12/11/2024

Hurry - the November 15th is looming! ⏰

At Greenwood Tax and Accounting, we'll soon be closing applications for a dedicated Office Administrator. Located at The Fort Offices, Oswestry, this part-time role (10-12 hours per week) starts at £12.20 per hour, with potential for increase after six months.

If you're organised, detail-oriented, and ready to bring your skills to a vibrant team, don't miss out! 📑💼

For more details, visit our website: https://bit.ly/3Ahrjky

31/10/2024

Rachel Reeves delivered her first budget yesterday, and upheld the promise not to increase taxes on working people, with no changes to income tax, employee's National Insurance, or Class 4 National Insurance.

Other points covered in the budget:
🌳 Balanced changes to employer's National Insurance while the employer allowance doubled to £10,500.
🌳 No changes to relief on pension contributions so higher-rate tax relief remains in place for these.
🌳 Changes to capital gains tax and inheritance taxes.

Read my full summary here - https://greenwoodtax.co.uk/autumn-budget-2024-summary/ where I outline the changes for individuals, businesses and self-employed individuals and companies & shareholders, as well as Capital Gains and Inheritance tax and property tax.

29/10/2024

📣 Join Our Team at Greenwood Tax!

Greenwood Tax and Accounting, led by Kathryn Greenwood CTA FCA BSc(Hons), is seeking a dedicated Office Administrator to support our bustling accounts environment. Located at The Fort Offices, Oswestry, this part-time role(10-12 hours per week) offers a starting rate of £12.20 per hour, with potential for increase after six months.

Are you organised, detail-oriented, and equipped with excellent communication skills? If you're ready to contribute to a dynamic team, we’d love to hear from you! 📑💼

For more details on responsibilities and how to apply, visit our website: https://bit.ly/3Ahrjky