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McGills Chartered Accountants
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Chartered Accountants in Cirencester. Great partnerships start here.
Chartered Accountants in Cirencester. Great partnerships start here.

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The biggest challenges facing SMEs in 2018 - A new study carried out by Barclays Business Banking claims to have mapped out the biggest challenges facing British small and medium-sized enterprises (SMEs) over the course of 2018. The survey, which asked SME owners about their biggest fears in the run-up to the New Year, found that rising inflation and the ever-increasing threat of […] The post The biggest challenges facing SMEs in 2018 appeared first on McGills.
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Business hopes up ahead of holidays - Business owners are more confident in the future of the British economy than they have been in the past five months, according to new research. Lloyds Bank, which published the report, found that confident firms outweighed those that are pessimistic by a lead of 28 per cent. Confidence in business prospects rose for the fourth […] The post Business hopes up ahead of holidays appeared first on McGills.
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SMEs concerned about cash flow - A new study suggests that many small businesses are concerned about their cash flow. In a survey carried out by Barclaycard, 69 per cent of small and medium-sized enterprises (SMEs) said that cash flow was a ‘key worry’ for their business, while a similar number added that insufficient working capital was having a negative effect […] The post SMEs concerned about cash flow appeared first on McGills.
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HMRC warns about new tax scam costing victims thousands - HM Revenue & Customs (HMRC) has issued a warning about a new tax scam tricking victims into handing over thousands of pounds. The tax office said fraudsters are preying on victims by cold calling them and impersonating an HMRC member of staff. Once they’ve gained the victim’s trust, the scammer will tell them they owe […] The post HMRC warns about new tax scam costing victims thousands appeared first on McGills.
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HMRC to address concerns raised about proposed MTD penalty model - HM Revenue & Customs (HMRC) has confirmed that will address a number of concerns raised by tax and accountancy bodies regarding its newly-unveiled Making Tax Digital (MTD) penalty regime. In recent days, the tax authority has published details confirming that penalties for late submissions and payments under MTD will follow a ‘points-based model’. This model […] The post HMRC to address concerns raised about proposed MTD pen...
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Proposed auto-enrolment changes “will burden small firms,” says FSB - The Federation of Small Businesses (FSB) has voiced concerns that proposed changes to auto-enrolment pensions will weigh heavily on the finances of small and medium-sized enterprises (SMEs). The news comes after the Department for Work and Pensions (DWP) indicated its intention to extend auto-enrolment to younger workers, whom it says deserve “the same opportunities” to […] The post Proposed auto-enrolment changes “will b...
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Rural SMEs majorly disadvantaged by digital divide, shows report - More than one million homes and offices still struggle to get a “decent” broadband connection, according to a new report. Communications regulator Ofcom said the digital divide is steadily improving, but further action is needed to improve broadband and mobile coverage for people in rural areas. In its new report, Connected Nations 2017, it found […] The post Rural SMEs majorly disadvantaged by digital divide, shows report a...
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SME owners likely to work overtime at Christmas - A new study suggests that a sizeable proportion of British small and medium-sized enterprise (SME) owners will be forced to work overtime this Christmas due to mounting tax and administrative responsibilities. According to research carried out by business lender Ultimate Finance, almost a quarter (24 per cent) of SME owners and decision makers fear that […] The post SME owners likely to work overtime at Christmas appeared first on McGills.
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Four in 10 business owners require support ahead of Making Tax Digital - With Making Tax Digital set to change the way companies prepare their books from 2019, it’s vitally important that business owners acquaint themselves with digital accounting sooner rather than later. While around 60 per cent of business owners feel they are prepared for digital tax returns, perhaps because they already use cloud accounting software, four […] The post Four in 10 business owners require support ahead of...
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Self-assessment taxpayers urged to plan ahead amid HMRC telephone chaos - This time last week, HM Revenue & Customs (HMRC) announced on social media that ‘technical problems’ had caused its telephone lines to crash. The tax authority’s helplines – which welcome millions of phone calls from confused businesses and taxpayers every month – were down all day on Tuesday 5 December, while some users also reported […] The post Self-assessment taxpayers urged to plan ahead amid HMRC telephone chaos...
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