As the Government continues to put preventative fraud measures in place, it is essential that companies and Limited Liability Partnerships (LLPs) understand any changes that impact them. In September, a new regulation was introduced as part of the Economic Crime and Corporate Transparency Act 2023 that puts pressure on large companies to proactively ensure their […]
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The Autumn Budget confirmed that pensions and tax-efficient saving are entering a period of sustained and important change. Reforms to salary sacrifice, ISAs and the growing focus on unspent pensions all make it harder to build and pass on wealth tax efficiently. For savers, business owners and higher earners, the changes that are being introduced […]
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A recent report by Purbeck revealed that more than a third of SME loans agreed in October supported day-to-day cash flow – the highest level since early 2025. The latest Barclays index shows that more than half of SMEs have paused spending due to weakened confidence. Insolvency is also on the rise, with more than […]
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The Chancellor, Rachel Reeves, has confirmed her plans to extend the Income Tax threshold freeze. The original end date of 2028 has now moved to the 2030/31 tax year forcing many into higher tax bands as wages rise. What are the current thresholds? As it stands, the Income Tax rates are as follows: Up to […]
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Last year’s Autumn Budget hit business owners hard with the announcements of changes to Agricultural Property Relief (APR) and Business Property Relief (BPR). The new Inheritance Tax (IHT) rules, set to take effect from April 2026, could create substantial tax liabilities, especially where assets are handed down through generations. Farmers, business owners and AIM investors […]
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The festive season is rapidly approaching and it is natural to want to treat your employees. Unfortunately, even small gifts can have implications for your tax and National Insurance Contributions (NICs), so you should understand the implications of any kind gestures. We are no Scrooge as we want to help you understand how to spread […]
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With Making Tax Digital (MTD) for Income Tax less than six months away, HM Revenue and Customs (HMRC) has confirmed that it will be sending out letters to ensure taxpayers are ready.
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MGI Midgley Snelling LLP, one of Weybridge’s top accountancy firms, is advising the British public to take a closer look at their plans for saving and investing following this year’s Autumn Budget announcements. After a surprise, early publication of the OBR report, Chancellor Rachel Reeves addressed Parliament and the public on 26 November to share […]
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Many businesses are stuck viewing audits as simple compliance measures and may be missing out on the value they offer a business.
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