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Category: Business Blog

Potential tax increases and their impact on businesses

10th July 202410th July 2024 McGills

In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.

The Tony Blair Institute’s chief economist predicts taxes may need to rise by 1.9 percentage points of GDP by the end of this Parliament to stabilise debt, potentially equating to over £50 billion.

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I’ve taken over the family business and our accounting needs modernising – how do I achieve this?

3rd July 20243rd July 2024 McGills

Taking the helm of the family business is an exciting time and an opportunity for you to put your stamp on its operations and future direction.   Read More

Strike the right balance between AI and human efforts

2nd July 20242nd July 2024 McGills

We can all agree that with the advancements in Artificial Intelligence (AI) – whether we want it to or not – traditional business practices are rapidly evolving.

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Are you planning a rebrand for your business? Here are some financial factors to consider

27th June 202427th June 2024 McGills

Rebranding isn’t just about designing a creative new logo or catchy tagline—it’s about capturing the essence of your company’s identity, core values, and reputation.

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Five key financial metrics your business should be tracking for financial health

26th June 202426th June 2024 McGills

When you set up your business, it’s important that you recognise the value of data, particularly financial data.

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Incentivising sustainable business practices for SMEs

17th June 202417th June 2024 McGills

It’s Clean Air Day this week, so the focus of the business community is on adopting green practices to become more sustainable – but cost is always a concern.  

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Starting a new business? What you need to know

11th June 202411th June 2024 McGills

If you’re preparing to start your new venture, there are steps you need to take to make your launch as smooth as possible and comply with commercial law.  

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Getting ready for your financial audit

6th June 20246th June 2024 McGills

Facing your first financial audit can be intimidating, yet it is an essential task for many businesses.

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Why should you outsource your payroll?

20th May 202420th May 2024 McGills

As a business owner, it is natural to continually seek ways to enhance efficiency and resource allocation within your business.

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How your business can benefit from using Management Accounts

25th April 202425th April 2024 McGills

Management Accounts consist of regularly updated reports for both internal managers and external stakeholders or investors.

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