News & Events

Making the decision to hire a team of staff is a huge milestone for any entrepreneur as it can often indicate that your business is expanding. The prospect of hiring a team of staff is daunting but it’s important to get it right as hiring the wrong person can be at best a waste of … Continued

Canadian astronaut and engineer, Chris Hadfield once said: “Almost everything worthwhile carries with it some sort of risk,” which is certainly true when it comes to business and planning for expansion. Knowing how and when to expand your business can be tricky but if you don’t take the leap, you run the risk of being … Continued

If you’re self employed, you’ll be required to pay tax on all of your income that is above the personal allowance, however you can claim money back from HMRC on expenses that you need to spend to keep your business operating. Many costs that are directly associated to your work, for example travelling between clients, … Continued

Want to start a new business but need some help to get you off to a strong start? Setting up a business can be a daunting venture and it’s important to adopt proper accounting procedures from the very beginning to ensure that you can start your journey successfully. In this article, we cover top tips … Continued

How to plan your finances ahead of retirement. For many savers, retirement can seem like a far-off or even unattainable goal. But to maximise your chances of retiring comfortably, early planning is essential. Recent research from Canada Life shows that a worrying number of UK adults are not planning for this key milestone, with 45% … Continued

UK economy recovery slows in August Britain’s economy partially recovered in August, with a marginal growth of 0.2% following a sharp fall in July. This slow growth has fuelled expectations that the Bank of England’s (BoE) Monetary Policy Committee will vote to maintain its base interest rate at 5.25% next month. The BoE halted its … Continued

What you need to know about trusts, including how they are taxed. Trusts are legal arrangements where assets are placed into the care of an individual or organisation that manages them for the benefit of someone else. For the person setting up the trust, this arrangement means they know their assets will be properly looked … Continued

HMRC reopens self-assessment helpline HMRC has reopened the self-assessment tax helpline from 4 September after it was closed for three months over the summer. Between 12 June and 3 September, callers were redirected to digital services to give HMRC staff time to deal with other phone enquiries and handle the postal backlog. This was not … Continued

How the off-payroll rules will affect you and your business. Contractors and freelancers operate through a private company to enjoy a better tax treatment compared to sole traders — but a more favourable tax position is actually never guaranteed because of off-payroll working rules known as IR35. According to IR35, if a contractor or freelancer … Continued

How to register for and file your self-assessment tax return. If you’ve never had to complete a self-assessment tax return, the first time can be daunting. But don’t worry: we’ll demystify the process in this article. And if you have completed one before, this guide might still teach you a thing or two about doing … Continued

Geopolitics prompt importers to alter supply chains One in five British importers have altered their supply chains because of geopolitical tensions, particularly with China, new research suggests. A survey by the Institute of Directors (IoD), found that 20.5% of importers have altered their supply chains because of tensions abroad, while a further 14.5% were considering … Continued

Ready, Steady, Prosecco! Gather your friends, family or colleagues and join us at Finnebrogue Woods on Wednesday 14th June to walk, jog or run 5km to help us raise funds for local charity, PIPS. We would love you to be a part of it! Here’s how it works: Open to competitors of all ages and … Continued

One of Northern Ireland’s most established accountancy practices, M.B. McGrady & Co Chartered Accountants is continuing its expansion across Northern Ireland with its second strategic merger in less than 12 months, signalling a period of growth for the business. Founded by Maurice Dawson, Dawson & Company Chartered Accountants have joined M.B. McGrady’s Belfast office, with … Continued

M.B. McGrady & Co Chartered Accountants and Business Advisors is currently recruiting for a Qualified Accountant and a Part Qualified or Qualified by Experience Accountant to join its busy team. Full details of the roles alongside the criteria are outlined below. This is superb opportunity for two experienced and dynamic Accountants to join a great … Continued

M.B. McGrady & Co Chartered Accountants and Business Advisors is currently recruiting for a Qualified Accountant and a Part Qualified or Qualified by Experience Accountant to join its busy team. Full details of the roles alongside the criteria are outlined below. This is superb opportunity for two experienced and dynamic Accountants to join a great … Continued

ESTABLISHED 70 years ago, M.B. McGrady & Co. Chartered Accountants and Business Advisors, with offices in Belfast, Newtownards and Downpatrick, has appointed Kim Rainey as a Director in the company. An experienced accountant, Kim, who hails from Newtownards, first joined M.B. McGrady & Co. over 20 years ago.  She graduated from Ulster University with a … Continued