For a long time, pensions have offered a tax-efficient way to pass on wealth to the next generation. Under current rules, most defined-contribution pensions sit outside your estate for Inheritance Tax (IHT) purposes. This can mean they are passed on entirely free from IHT, particularly if death occurs before age 75. What changes are coming […]
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Grants are available to businesses in a wide variety of sectors, but unfortunately, too many businesses miss out on this vital form of funding. An overreliance on loans puts your business in the risky position of struggling to repay debts during periods of poor cash flow. Grants offer a much safer form of funding. Unlike […]
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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. […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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