July 17, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Going Into Business With Someone Who Already Controls Other Companies: Here’s How It Can Affect Your Tax Bill Going Into Business With Someone Who Already Controls Other Companies: Here’s How It Can Affect Your Tax Bill Going Into Business With Someone Who Already Controls Other Companies: Here’s How It Can Affect Your Tax Bill Going into a new venture with someone who already owns other businesses is common — and in most cases, entirely fine from… Continue Reading
July 7, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on The Director’s Loan Account Trap: Why a Year-End Dividend Doesn’t Always Clear It The Director’s Loan Account Trap: Why a Year-End Dividend Doesn’t Always Clear It The Director's Loan Account Trap: Why a Year-End Dividend Doesn't Always Clear It If you run your own limited company and dip into it between dividends, there's a gap in how most directors think about their director's loan account (DLA)… Continue Reading
June 24, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Pension carry forward — what company directors need to know Pension carry forward — what company directors need to know Pension carry forward — what company directors need to know Most directors are aware that there is an annual allowance on pension contributions — currently £60,000 for 2026/27. What is less well known is that unused allowance from the previous… Continue Reading
June 18, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Mandatory Payrolling of Benefits in Kind — Confirmed Dates and What to Do Now Mandatory Payrolling of Benefits in Kind — Confirmed Dates and What to Do Now Mandatory Payrolling of Benefits in Kind — Confirmed Dates and What to Do Now HMRC announced this week that mandatory payrolling of benefits in kind (BIK) will be introduced in phases rather than all at once from April 2027. The… Continue Reading
June 11, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Companies House reforms: the compliance bar keeps rising Companies House reforms: the compliance bar keeps rising Companies House reforms: the compliance bar keeps rising Companies House announced this week that from April 2028, all small and micro companies will be required to file full profit and loss accounts for the first time. Alongside that, all filings… Continue Reading
June 2, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Closing your limited company: a director’s guide to getting it right Closing your limited company: a director’s guide to getting it right Closing your limited company: a director’s guide to getting it right Deciding to close a limited company is rarely straightforward. Whether you are retiring, pivoting to a new venture, or simply winding down a business that has run its course,… Continue Reading
May 27, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Temporary VAT reduction on children’s meals and family attractions — what businesses need to know Temporary VAT reduction on children’s meals and family attractions — what businesses need to know Temporary VAT reduction on children’s meals and family attractions — what businesses need to know The government has announced a temporary reduction in the rate of VAT on children’s meals and certain family activities and attractions, from 20% to 5%,… Continue Reading
May 20, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Designed for Compliance. Built for Business Designed for Compliance. Built for Business Designed for Compliance. Built for Business. A lot of small businesses have an accountant. Compliance covered, tax returns and accounts filed on time. That’s fine — and for many sole traders and small operations, that’s genuinely all they need. But… Continue Reading
May 12, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Making Tax Digital — more than just compliance Making Tax Digital — more than just compliance Making Tax Digital — more than just compliance Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is now live for sole traders and landlords with qualifying income above £50,000. The £30,000 threshold follows in April 2027, and £20,000… Continue Reading
May 8, 2026 Kieron McGahan Post in Uncategorized Leave a Comment on Companies House Identity Verification — from £75 + VAT Companies House Identity Verification — from £75 + VAT Companies House Identity Verification — from £75 + VAT KG McGahan Consulting is registered with Companies House as an Authorised Corporate Service Provider (ACSP). We can verify your identity on behalf of Companies House — whether you are an existing… Continue Reading