MGI Midgley Snelling LLP has welcomed two new members to its growing team, with the arrival of Eugene Tandi and Gillian Lestrange. Eugene joins the Audit department as an Audit Semi-Senior, where he works across audit planning, fieldwork and completion, supporting clients in meeting their statutory and regulatory requirements. He is currently studying towards his […]
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For small businesses, bookkeeping is an important part of understanding how your business is performing and making informed decisions. Effective bookkeeping provides a reliable financial base and helps prevent any unanticipated surprises at the end of the tax year. With the right administration and compliance, bookkeeping can benefit your business and operations. Why good bookkeeping […]
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Audits can be an efficient and valuable way for companies to strengthen their financial accuracy and operational efficiency. A well-prepared audit can reduce pressure on businesses and provide insight that supports better decision-making. With the right preparation and financial support, you can develop a successful audit process and build confidence in your business. The importance […]
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Running a business comes with countless responsibilities and payroll is one of the most demanding. From calculating wages to processing deductions, payroll can easily become a drain on your time and resources. Many businesses may look to outsource their payroll to trusted experts and we can offer tailored advice on how to increase efficiency in […]
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Just before Christmas the Chancellor, Rachel Reeves, announced that landmark reforms to Inheritance Tax reliefs would be watered down to support the business owners and farmers affected. While this is a step in the right direction, Weybridge-based accountants MGI Midgley Snelling LLP argue that the principle behind the reforms to Agricultural Property Relief (APR) and […]
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From April 2027, all UK employers will be required to payroll Benefits in Kind (BiKs) rather than reporting them through the traditional P11D process. While this may feel a long way off, businesses should start preparing now so that their payroll remains compliant and employee benefits are taxed accordingly. What changes will BiKs bring? Payrolling […]
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Recent research from the Chartered Institute of Credit Management (CICM) has revealed that 82 per cent of SMEs have faced cash flow difficulties. For many small businesses, periods of high activity can be followed by quieter months that place pressure on finances. While a business may look profitable on paper, poor cash flow management can […]
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The Employment Rights Act 2025 has reached the end of its parliamentary debate and is set to bring significant changes to UK Employment Law. Employers are now faced with a limited window to prepare their payroll systems and processes for the upcoming reforms. What reforms will the Employment Rights Act 2025 bring? The Employment Rights […]
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The Making Tax Digital (MTD) for Income Tax countdown is on and landlords and sole traders who are not prepared may face costly repercussions. From 6 April 2026, sole traders, landlords and self-employed individuals with a qualifying income over £50,000 will be required to comply with MTD. In the following year, the qualifying income threshold […]
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Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) are both set to experience changes from April 2026, as was revealed in the Autumn Budget. These schemes were viewed as outdated and the reforms aim to modernise their effectiveness. This is part of the Government’s desire to be seen supporting entrepreneurship and scale-ups, while also […]
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