Latest Insights

A year-end dividend doesn’t always undo the tax risk on a director’s loan account — here’s the £10,000 benefit-in-kind trap many directors miss.

Unused pension annual allowance can be carried forward for up to three years. For company directors, employer contributions are often the more practical route — and the sizing and timing of contributions matters as much as the allowance available.

HMRC has confirmed a phased introduction of mandatory payrolling for benefits in kind. The dates are set — here’s where to focus and what to do now.

From 2028, small companies must file full P&L accounts in iXBRL format. The cost argument is real — for businesses not already properly set up. Here’s the fuller picture.

Whether you are retiring, winding down, or simply moving on, the route you choose when closing a company matters — financially and legally. A practical guide to the main options and what to do before you file.

A 20% to 5% VAT reduction runs from 25 June to 1 September 2026. Ten weeks, a hard start date, and an equally hard reversal. More to think about than it first appears.

Compliance is the right foundation — but the same habits that keep the books tidy can also give a business a clear, current picture of where it stands. That step is often left too late.

MTD ITSA is now live for sole traders and landlords. Getting properly set up tends to deliver something most didn't have before — and that's worth understanding.

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 client or not.

Making Tax Digital for Income Tax launched on 6 April 2026 — but the majority of those required to comply still haven't signed up. Here's what you need to know.

From April 2026, a number of payroll rates and thresholds have changed. A summary of the key changes and what employers need to do to stay compliant.

HMRC VAT enquiries are increasing. Understanding what triggers them and how to maintain clean records is more important than ever.

There are usually a few indicators that come up before a business reaches out for finance support. Often they've been there for a while — they just haven't been the immediate priority.

With the new tax year now underway, this is a good point for sole traders and CIS subcontractors to review their position and take action early where possible.

Over the past month, I've started using AI tools more consistently across a number of areas of day-to-day work. A look at where they're genuinely useful — and where human judgement still matters.

If you run a limited company, it's common to take money out of the business or incur costs personally. Where this isn't done correctly it can create accounting and tax complications.

Most finance teams produce accurate numbers. The challenge is producing them quickly enough to support decisions. A practical approach to closing that gap.

For many small businesses, bookkeeping becomes time-consuming when handled manually. Cloud accounting software and document capture tools can simplify this significantly.

Not every business needs or can afford a full-time finance resource, but many can still benefit from experienced financial input on a flexible basis.

Many sole traders and landlords will soon need to change how they report their income to HMRC. What's changing, when, and what you need to do.