Kelly Naude, Audit Senior and Tom Ward, Senior Auditor at MGI Midgley Snelling LLP recently attended the MGI Worldwide Young Talent Meeting held in Frankfurt. This is a unique event, hosted by MGI Europe and MGI UK & Ireland, to bring young people together and provide them with opportunities to build their network and learn […]
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Keeping up with the tax deadlines for your business to ensure compliance and avoid penalties can be daunting, especially when you’re not familiar with the process. That’s why MGI Midgley Snelling LLP have collated all the key tax dates and relevant information for filing your organisation’s tax returns that you’ll need to stay ahead of […]
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Expanding your business globally is an exciting adventure full of opportunities. Let’s face it, audit processes can get pretty complicated when you are dealing with international subsidiaries.
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In our previous blog, we explored the initial two stages of a business cycle: the launch and growth stages.
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Any forward-thinking entrepreneur will have a strategic and well-thought-out plan for running their business.
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Natelie joined MGI Midgley Snelling LLP on 5 August 2024 as Assistant Auditor. Before moving to the UK in early 2024, Natelie worked as a Senior Auditor in Hong Kong where she gained more than seven years of experience. During her career, Natelie has worked predominantly with clients in the trade and manufacturing industries and […]
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The issue of late payments has become a growing concern for small businesses. Recent data from Xero Small Business Insights reveals that, on average, payments were made 7.3 days late between April and June 2024. This is an increase of 1.8 days from the previous quarter. This marks the largest quarterly increase in late payments […]
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Recently, there has been a significant increase in company closures due to petitions from creditors, particularly HM Revenue & Customs (HMRC). In 2023, forced closures rose by 63 per cent compared to 2022. This spike is mainly due to high interest rates making Covid-era debts hard to manage, along with HMRC’s backlog of cases. Many […]
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Recently, many pensioners received surprising news: a tax bill for the first time. This stems from HM Revenue & Customs (HMRC) decision to send letters to over 140,000 pensioners, who have taxable income but are not filing Self-Assessment. In total, 560,000 pensioners will receive letters, covering the 2023/24 tax year. Why is this happening? The […]
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In a bid to ease the regulatory burden on businesses, new thresholds for classifying company sizes have been announced. This change, introduced by the previous Government, could allow around 132,000 businesses to skip mandatory audits. Under the current plans, which may be subject to change, companies will be able to benefit from the threshold changes […]
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