As we step into the new year, MGI Midgley Snelling LLP encourages all member firms of MGI Worldwide to adopt a powerful resolution: to prioritise and enhance the practice of mutual referrals. This initiative is not just about business development. It’s about fostering a stronger, more interconnected global network that benefits each member and their […]
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Going green – The financial benefits of investing in a cleaner future
As a small business owner, embracing environmentally friendly practices not only supports a sustainable planet but can also unlock significant financial benefits for your business. It is important to explore the tax reliefs and allowances available to your business when you adopt green operations so that you can navigate and mitigate your environmental tax responsibilities […]
Read moreHMRC sets its sights on unpaid crypto tax
As the crypto asset sector grows, with an annual growth rate predicted to reach around 12 per cent, taxpayers with digital assets need to remain tax compliant. Tax regulations and knowledge have struggled to keep pace with this investment type’s rapid growth, resulting in significant levels of unpaid tax and underreported income. In a bid […]
Read moreCan you afford to miss your Companies House deadline?
For limited companies registered and operating in the UK, one of the requirements that directors must meet is filing annual accounts with Companies House. Comprising a collection of different documents, filing with Companies House ensures that the publicly available information about your company is correct. Because it is so important, there are penalties for not […]
Read more10 steps to prevent insolvency
Despite many owners’ fears, insolvency is avoidable through well-thought-out financial strategies and careful planning. There are several practical strategies for averting insolvency that you and your business should implement during times of strife and economic difficulty. Rethinking staffing strategies During a downturn, businesses should evaluate their current staffing needs and consider adjusting staff levels to […]
Read moreScaling up – How you can grow your business in 2024
In 2024, small and medium-sized enterprises (SMEs) will face a brand-new set of challenges and opportunities. As the economy continues to react to the events of the last few years, one thing remains important – high-quality business advice. Below, we look at some practical tips for SMEs aiming to scale up and grow their operations […]
Read moreTrivial benefits in kind: A quick guide for employers
Making employees feel valued is critical for their morale, engagement, and overall well-being. Often, it’s the smaller gestures that have the most significant impact on employees’ perceptions of their work environment and employers. What are trivial benefits in kind? The term ‘trivial benefits in kind’ refers to minor token gifts that employers can offer staff […]
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