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Category: Accounting

Why you should use double-entry bookkeeping in your business finances

24th October 202324th October 2023 McGills

The term “double-entry bookkeeping” is often mentioned as a cornerstone for managing a business’s finances.

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Tax reliefs business owners can claim amidst record Corporation Tax payments

27th September 202327th September 2023 McGills

HM Revenue and Customs (HMRC) recently reported a record-breaking increase in Corporation Tax receipts for the 2022/23 tax year.

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Outsourcing your payroll: the path to growth

22nd September 202322nd September 2023 McGills

Accounting and payroll are the cornerstones of a successful business and without them your enterprise risks collapse.

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18-year-olds to be included in auto-enrolment expansion

21st September 202321st September 2023 McGills

A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions of young people across the UK.

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Five strategies for leveraging financial forecasting

20th September 202320th September 2023 McGills

In the dynamic world of business, financial foresight is not just a luxury; it’s an essential ingredient for success.

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Three steps to simplify your accounting

14th September 202314th September 2023 McGills

Accounting doesn’t have to be a time-consuming and complicated task. Read More

Cloud-powered accounting: Advancing beyond traditional cloud accounting systems

6th September 20236th September 2023 McGills

In modern businesses, cloud accounting has now become the norm rather than the exception.

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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.  

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Benefits of hiring an accountant for your start-up

18th May 202318th May 2023 McGills

Running a start-up can take its toll, with the inevitable early struggle of managing and overseeing every role within the business.  Read More

How can you prepare for the basis period reform?

14th April 202314th April 2023 McGills

We are currently in the transition period for the basis period reform, which is set to come into full effect from the 2024/25 tax year.

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