Accountants in Newport
Newport has become the centre of a genuine semiconductor cluster, sitting on the M4 with the logistics economy that position brings.
The business base in Newport
Newport's most distinctive asset is its compound semiconductor cluster — fabrication, test, equipment supply and the specialist engineering around it — which is one of the few genuinely high-technology concentrations in Wales. Around it sits a much larger everyday economy: logistics and distribution using the M4 corridor, construction, and professional and back-office services.
The city also carries significant public sector and conference activity. For the technology businesses the recurring questions are research and development relief and capital allowances on very expensive equipment. For everyone else they are job costing, premises costs and how the owners take money out.
How we work with businesses in Newport
Work runs by phone, video call and WhatsApp, with a named accountant, unlimited questions at no hourly charge and FreeAgent included.
Call or WhatsApp 07476 989568, or message us on WhatsApp.
What we do for Newport businesses
Capital-heavy technology businesses at one end and margin-driven trading at the other.
Get an instant quoteCapital allowances on major equipment
claimed properly and timed against profit, because a large claim in a low-profit year wastes relief worth more later
R&D relief assessed properly
including telling you when a claim would not hold up under the tighter scrutiny HMRC now applies
Job and contract costing
for construction and contracting, where overhead recovery decides whether a busy year is a profitable one
Business rates and reliefs
the Welsh multipliers checked against the bill, including whether the retail multiplier should be applying
Owner remuneration
the salary and dividend split worked against your actual profit rather than a rule of thumb
Questions we get asked in Newport
Does being in Wales change our Corporation Tax?
No. Corporation Tax is reserved to Westminster and identical across the UK, as are VAT, National Insurance, capital gains and Companies House filing. Three things are devolved and only three: Land Transaction Tax on property purchases, non-domestic rates, and income tax on earnings — which is currently set at parity with England anyway.
Devolved to Wales
- Land Transaction Tax on property purchases
- Non-domestic rates
- Income tax on earnings, currently at parity with England
Identical across the UK
- Corporation Tax
- VAT
- National Insurance
- Capital gains
- Companies House filing
We are buying equipment that costs more than our annual profit. How is that treated?
Usually through capital allowances, and often in full in the year of purchase, but the timing matters. A very large claim in a year of modest profit can waste relief that would have been worth considerably more the following year. That is a conversation to have before the order goes in rather than at the year end, and it can change when you buy.
Our construction business is busy but not making money. Where do we look?
At what a job costs before overhead, then at how much overhead each job is really carrying. Most contractors who quote badly are recovering their fixed costs across too few jobs and do not find out until the year end. Job-level costing usually finds the answer within a month and changes what you are prepared to bid.
Looking for an accountant in Newport?
Tell us what you need and we will come back to you, usually the same working day.
Included
- A named accountant who knows your business
- Books kept up to date all year
- Fixed monthly fee, agreed up front
- Your deadlines tracked and filed
- Portal and app included
- Switching handled for you
Towns we cover in Wales
Choose your town for local information.
- Wrexham
- Swansea
- Port Talbot
- Merthyr Tydfil
- Carmarthen
- Aberystwyth
- Haverfordwest
- Bangor
- Llandudno
- Bridgend
- Monmouth
The Wales page sets out the Welsh tax differences and links to the guides.
Accreditations and partnerships
