Recent changes to how mandatory auditing is conducted may have caused you to breathe a sigh of relief. Where once companies with a £10.2 million turnover and/or assets worth more than £5.1 million required an audit, now only companies with a turnover of £15 million and/or assets worth more than £7.5 million will require an […]
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Major changes to Inheritance Tax (IHT) were announced in the 2024 Autumn Budget with a staggered implementation of a variety of tax reforms. The new 2025/2026 tax year brings with it another change to the tax rules ahead of even greater changes in the years to come. You may find yourself wondering if there is […]
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Partner Sarah Squires recently attended the KCCI Business Leaders Networking and Awards event at the America Square Conference Centre, where she had the opportunity to connect with international business leaders and explore developments in technology and AI. She shares her experience below. The KCCI Business Leaders Networking and Awards event at the America Square Conference […]
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Tax planning for high-net-worth individuals (HNWIs) in 2025 requires sharper focus as thresholds tighten and new changes take effect after announcements in the Budget. Staying ahead of these developments will help you maximise allowances, minimise exposure, and protect your wealth. Here are some key areas to consider. Capital Gains Tax allowances are lower than ever […]
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Chancellor Rachel Reeves announced substantial changes to the taxation rules surrounding non-UK domiciled individuals (non-doms) in October’s Budget. These changes will have a big impact on how foreign income, gains, and assets are treated. With the abolition of the remittance basis and new rules for Inheritance Tax (IHT), offshore trusts, and Capital Gains Tax (CGT), […]
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Following the recent Budget announcement, from April 2025, Employer NI contributions are increasing by 1.2 per cent and the Lower Earnings Threshold is being lowered from £9,100 to £5,000. Although the Employers Allowance is increasing from £5,000 to £10,500, the increase in cost could still be substantial to businesses. Businesses will therefore be looking at […]
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One of Weybridge’s leading firms of accountants MGI Midgley Snelling LLP is urging employers to prepare for the serious impact of the Chancellor’s Autumn Budget. Rising to address Parliament, Rachel Reeves recognised that the Government had a responsibility to “restore stability to our economy” in response to the “black hole” left by the Conservative Party. […]
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Recently, the MGI Midgley Snelling LLP team has been deliberating on the impact that the upcoming Budget will have on corporate tax. The core question remains: will businesses face an increase (or less likely, a decrease) in their tax rates in the near future?
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