The UK unemployment rate has increased to 4.7 per cent from March to May 2025, while the annual growth in employees’ average earnings has slowed to five per cent, according to recent data from the Office for National Statistics (ONS). Job vacancies also fell in June to 727,000 – the 36th consecutive month of decline. […]
Read moreAuthor Archive: Midgley Snelling
The Employment Rights Bill – Why it matters for your future finances and success
The Employment Rights Bill looks set to come into law by the end of the year. Now is the time for any business that hires staff to sit up and take notice, as the bill will impact the way that your business operates. We are going to explore some of the more notable aspects, so […]
Read moreA clearer picture of Companies House reform – Making sense of what is and isn’t coming
It can be confusing trying to keep pace with the changes to Companies House since the introduction of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). The biggest concern around these changes is that if any slip under the radar, you face penalties and fines for noncompliance. We know that Companies House is committed […]
Read moreWhy statutory audits are important for your legal firm
As a solicitor, you see clients at some of the most difficult and stressful times in their personal and professional lives. They trust you to be more upstanding than a regular business or service provider, which is why demonstrating financial compliance through regular audits serves a far wider purpose than simply avoiding penalties. Audits are […]
Read moreMGI Midgley Snelling LLP continues commitment to developing new talent with latest trainee hires
Weybridge accountancy firm MGI Midgley Snelling LLP has welcomed two new trainees to its growing team, further strengthening the firm’s dedication to supporting people at the beginning of their careers in the profession. Kate Hedges has joined the firm as a Trainee Bookkeeper in its Management Services team, bringing with her strong teamwork and customer […]
Read moreThe latest changes to anti-money laundering regulations and what they mean for your legal firm
Keeping abreast of the updates to anti-money laundering (AML) laws is one of the key challenges facing legal firms. The reach of these regulations stretches from global law firms to smaller practices, so it is important for all legal professionals to comply. Here are the key changes to AML guidance you need to know about […]
Read moreYour responsibilities under the SRA’s financial regulations
As a law firm operating in the UK, your practice must meet certain requirements set out by the Solicitors Regulation Authority (SRA). These regulations are designed to protect client assets and the integrity of your firm while ensuring the SRA holds up to date information about your practice. Compliance with these regulations, aside from being […]
Read moreAre tax rises on the horizon? What recent activity at The Treasury means for you and your business
While the 2025 Spending Review focused on long-term investment rather than introducing new taxes, the scale of spending suggests that future tax rises are likely. Where have the Government recently invested funds? The Chancellor pledged multi-year funding for health, defence and public infrastructure, setting departmental budgets until 2028–29. Key announcements included: Defence spending to rise […]
Read moreGreen levies on UK businesses to be cut
The UK Government has confirmed that it will reduce green levies for energy-intensive industries. These cuts aim to drive growth in key sectors, such as manufacturing and clean energy. What are green levies? A green levy is an environmental charge added to energy bills to help fund renewable energy projects and reduce carbon emissions. For […]
Read moreCash flow constraints – 57 per cent of businesses warn of rising costs
57 per cent of small to medium-sized enterprises (SMEs) have warned of rising costs over the next quarter, according to Intuit QuickBooks’ latest Small Business Insights survey. Given this startling figure, all businesses should take care to manage cash flow constraints caused by inflation. Boost financial awareness among your staff Financial awareness should not just […]
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