June 2023 - McGills

Understanding salary and dividend payments for business owners and directors

29th June 202329th June 2023 McGills

As an owner or director, it may be possible for you to pay less tax on your income from your company through dividends.

Understanding and navigating job expenses

28th June 202328th June 2023 McGills

Navigating job expenses can seem daunting at first glance. There are a plethora of rules and regulations that can leave employees feeling overwhelmed. Read More

Managing an Overdrawn Director’s Loan Account

27th June 202327th June 2023 McGills

Are you a company director contemplating a loan from your own business? If yes, it’s crucial to understand the workings behind the Director’s Loan Account (DLA) and the implications of an overdrawn director’s loan account (ODLA). Read More

Is cloud accounting the future for businesses?

22nd June 202322nd June 2023 McGills

In the world of entrepreneurship and small businesses, technology continues to revolutionise the way we manage our operations.

The importance for businesses of avoiding tax fraud

21st June 202321st June 2023 McGills

HM Revenue & Customs (HMRC) recently announced that it plans to boost its use of Code of Practice 9 (COP9), a legal mechanism used to handle suspected tax fraud cases.

How to spot the early signs that your business may be facing financial difficulty

20th June 202320th June 2023 McGills

Many businesses across the UK have been financially affected by the cost-of-living crisis and the rise in inflation and have also suffered from the fallout of Covid-19 loan schemes and companies’ failure to make repayments. Read More

HMRC issues extension to deadline for voluntary National Insurance contributions

15th June 202315th June 2023 McGills

The Government has recently announced an extension to the deadline for individuals to pay voluntary National Insurance contributions (NICs), in a move that will benefit thousands of people across the country.