Save yourself £100 with MG Associates

January, probably has 2 moods for you, particularly if you’re self employed. The 1st mood is a great sigh of relief to get back into the office and get the cogs of business turning again, whilst finishing off the Christmas food stocks at home. The 2nd mood is a sense of dread, as you realise… View Article

Budget for your Company Tax Bills

Many company owners take a small salary and variable amounts of dividends from their company each year. Previously, the dividends came with a tax credit, so there was no further tax to pay as long as total income didn’t stray into the higher tax bands. However, since 6 April 2016 dividends over £5,000 have been subject to dividend tax at 7.5% for basic rate taxpayers,… View Article

MG Associates set to move to bigger & better premises

Nothing quite says a brand New Year as much as a brand new office, well apart from opening a bottle of bubbly at midnight on the 31st December. As 2017 comes to a close, and we get ready to take our long overdue Christmas break, we’re happy to announce that we’re on the move. Our… View Article

Merry Christmas from all the team at MG Associates

Christmas is upon us almost and it is a really busy time for us here so I thought I would take this opportunity to wish you a Very Merry Christmas and a Prosperous New Year from all the staff here at MGA. We are closing the offices on Friday the 22nd of December and re-opening… View Article

Let MG Associates take the worry from you this Christmas

With just 14 days till Christmas day we know that there are a few out there that are completely organised, they’ve not only got their Christmas presents all purchased but have even managed to get them wrapped, if this is you well done!. However, with Christmas and New Year comes that elephant in the room,… View Article

Class 2 NIC Abolition Delayed, this is what it means for you

On 2 November 2017, the Government announced a one year delay to the abolition of Class 2 National Insurance Contributions (NICs). Class 2 NICs will now be abolished from 6 April 2019 rather than 6 April 2018. The delay will allow time for the government to engage with interested parties and Parliamentarians with concerns relating to the… View Article

December Round Up

November held some pretty interesting events within the accounting industry from the Budget, Brexit, interest rate rises and beyond. We’re also coming pretty close now to the start of the New Year and that can only mean one thing, yes you guessed it, Self Assessment.  If you’d rather not have to worry about that, please… View Article

What Business Structure is right for my start-up?

When it comes to starting your business you need to decide on the format or structure that it’ll take.  Will you be a Sole Trader, perhaps you have a partner who wants to help.  Maybe there are multiple people with a vested interest in the company. Choosing the right business structure isn’t a difficult procedure,… View Article

Benefits and Gifts at Christmas time

Trivial Benefits in Kind Instead of a taxable cash Christmas bonus, why not give your employees a seasonal gift – a turkey or a nice bottle of wine? In order to provide these gifts – it must be ensured that the gift falls under trivial benefits in kind. Trivial benefits apply where the benefit: Is… View Article

All you need to know about the Budget 2017

Sometimes the budget can be a bit of a hard thing to, first and for most stomach, and secondly hard to digest.  We were fortunate enough to be able to cover the Budget 2017 via twitter and facebook. During the budget, lead by the Chancellor, Phillip Hammond MP, a lot was covered from the trials… View Article