When you’re self-employed, keeping track of essential dates and deadlines can be challenging. One crucial date to remember is 5 October 2024, which is the deadline to register for Self-Assessment. If you started working as a self-employed individual on or after 6 April 2023, you must register with HM Revenue & Customs (HMRC) by this […]
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The furnished holiday lettings (FHL) tax regime is set to be scrapped from April 2025, with draft legislation already on the table. If you own a holiday home, now is the time to get familiar with these forthcoming changes and consider how they could impact your tax liability. From April 2025, the tax incentives associated […]
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While we’ve made meaningful progress in the global energy transition, the pace is still too slow. The charity Accounting for Sustainability (A4S) and Aviva Investors have sounded the alarm in their new report, Accelerating the Transition: Assessing Progress and Driving Action. Despite the shift from voluntary to mandatory sustainability reporting, emissions continue to rise. Scientists […]
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Your environmental, social and governance (ESG) strategy might just pave the way to growth for your business. ESG initiatives are increasingly important for businesses in terms of client values and acting ethically. However, tracking and reporting on ESG objectives may also be the key to achieving efficiency and optimised business performance – crucial drivers of […]
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Having the right team that aligns with your goals and values is key to the success of your business. However, many sectors are currently facing a skills and staffing shortage. Government data shows that over one-third of vacancies were skills-shortage related, with around a quarter of all employers having at least one vacancy within their […]
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HMRC has begun to issue ‘nudge letters’ to cryptoasset owners who may have underpaid tax when selling their assets, urging them to amend or submit a tax return. In this rapidly evolving sector, asset holders are not always clear on what income or profit generates a tax liability. This follows the introduction of CARF – […]
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We are delighted to announce that we have been shortlisted in two categories for the prestigious Accounting Excellence Awards. We are finalists for Progressive Audit Firm of the Year and International Firm of the Year, one of only five firms shortlisted in each category. Well-regarded for our international approach, specialist advice and collaboration with global […]
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For MGI Worldwide, collaboration and global connections are a vital part of what we do, and we are incredibly proud of our global network. This year a few of our partners are going to be traveling across the globe, from Europe to Africa, to expand their networks. Rome: The MGI Worldwide Global AGM Jonathan Farrow, […]
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One of Surrey’s leading accountancy firms MGI Midgley Snellings LLP is proud to announce the addition of several key professionals to its team – strengthening the firm’s capabilities in tax and audit services. The firm has recently welcomed Henry Lloyd as its new Client Tax Manager. He joins with a robust background in personal tax […]
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If you’re thinking about buying a property in the UK as a non-resident and renting it out to tenants, there are several things you will need to be aware of. Put simply, a non-resident landlord is an individual who earns rental income from a UK property while residing abroad for over six months in a […]
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