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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Category Archives: Blog
Autumn Budget measures tighten the squeeze on personal wealth, warns MGI Midgley Snelling LLP
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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Autumn Budget 2025
The Government faced a difficult job going into the Autumn Budget, as they navigate a growing national deficit, a seemingly never-ending cost-of-living crisis and political challenges. From the outset, the Chancellor Rachel Reeves made it clear that this would be an Autumn Budget that focused on fairness, with everyone playing their part in reducing national [...] Read more
The benefits of auditing your business
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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What financial steps can I complete to reduce the risk of Inheritance Tax?
Managing Inheritance Tax (IHT) liabilities is one of the bigger challenges many high-net-worth taxpayers face when looking to protect their interests and pass wealth to the next generation.
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Why 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 […]
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The 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 […]
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Your 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 […]
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Making Tax Digital – Is your business ready for HMRC’s next big shake-up?
Making Tax Digital (MTD) is the Government’s initiative designed to streamline and digitise tax reporting in the UK. While the MTD scheme has been in force for the past few years, changes are approaching, particularly for sole traders, self-employed individuals, and landlords. Below, we outline clearly what MTD is, who it affects, the upcoming changes, […]
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Good rapport: The key to increasing cashflow with credit control
If you have spent any amount of time looking into the world of credit control, you may have become overwhelmed by all the advice that abounds from professionals. What started out as a relatively simple Five Cs mantra has evolved in some places to become the Seven Cs or even the Eight Cs. It is […]
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