tax

Right, this is one of those serious updates, and it affects every single one of you who owns a Limited Company. Please don’t scroll past this – there’s action you’ll need to take.

From 18 November 2025, Companies House is bringing in a new identity verification process for:
    •    Company Directors
    •    Persons with Significant Control (PSCs)

At Chadwick Accountants, we pride ourselves on helping clients not only remain compliant but also unlock smarter ways of structuring their businesses to achieve real, tangible results. One recent client success story highlights how the right advice can transform the way directors manage their tax position — and generate long-term savings.

For many business owners, just hearing the words “HMRC investigation” can be enough to cause anxiety. The reality, however, is that investigations aren’t random, and they are rarely about businesses deliberately doing something wrong. Instead, HMRC is usually responding to specific red flags. With the right knowledge and preparation, most businesses can avoid ever finding themselves in the spotlight.

We recently conducted a strategy session with a client who was feeling overwhelmed, anxious, and uncertain about his financial situation. He already had substantial liabilities from previous self-assessments, which were under HMRC payment plans.

Although he had also arranged a payment plan for his VAT, he had fallen behind on the last two quarters’ VAT payments. On top of that, he faced an impending £30,000 corporation tax bill, with no clear idea of how to manage his finances.

Another business owner came to us with concerns about lack of tax efficiency and poor financial visibility under their previous accountant and bookkeeper. They suspected that they weren’t benefiting from all available tax reliefs but felt left in the dark about their financial position.

As part of our onboarding process, we conducted a three-stage review to determine whether a full restatement of accounts was necessary. During this assessment, we uncovered:

A client initially engaged us for a straightforward Capital Gains Tax (CGT) calculation related to the sale of shares in their family business. After an initial consultation, we determined the potential tax liability they would face upon selling.

Planning a property move? Better budget an extra £2,500 in stamp duty from April 2025 – yes, the taxman’s coming for a bit more of your house-buying budget!