News & Views
Keep up to date with the latest News & Insights from The MGroup.
Be prepared – property purchases and Capital Allowances!
Many business owners are still unaware that they may be entitled to claim a deduction against profits in the form of capital allowances for elements of the acquisition costs of business property. In general these will reflect the properly apportioned costs of plant...
Have you noticed the changes to the paper tax return forms?
We are now a few weeks into the new tax year and tax returns for the year ended 5 April 2013 have been issued by the Revenue. For those who actually receive a form rather than a notice to complete one, there are a few changes to the form and an increase in the number...
Budget highlights for Small Businesses and their owners
Unincorporated businesses Income tax basic personal allowance increases to £9,440 for 2013/14 (increases to £10,000 for 2014/15) basic rate band for income tax is £32,010 for 2013/14 (falls to £31,865 for 2014/15) Cash accounting for taxable profits new optional cash...
The funding landscape
Recent announcements have confirmed that the Government Funding for lending scheme hasnÂ’t had as much of a take up as expected. The simple fact is that banks arenÂ’t lending at the level they used to, or indeed if they do lend then the terms are quite severe, often...
Employers – be ahead of the game for April 6th
The topic of the last Oxfordshire Allies meeting threw up various questions and concerns for employers due to the impending introduction of the Real Time Information (RTI) system with effect from April 6th this year. As is the case with the introduction of any new...
Budget 2013
Chancellor George Osborne's fourth Budget statement was delivered on 20 March 2013 against a challenging domestic and global economic backdrop. For all the information and commentary go to info.themgroup.co.uk/tax/budget-2013.
Reporting PAYE in real time (RTI) – relaxation of rules announcement
An announcement was made by HMRC yesterday which relaxes the deadline for the submission of Full Payment Submissions under RTI for small businesses. Follow this link for full details: http://www.hmrc.gov.uk/news/rti-small-businesses.htm
Latest Vacancies
Please see our vacancies section for exciting new opportunities.
The MGroup expand in to Witney
The MGroup have taken over the practice of Petersons Accountants in Witney. The combined firms will continue to operate out of both Oxford and Witney and the enlarged firm will now become the largest Accountancy firm operating out of Witney. Peter Hellawell, who has...
MGroup to take part in 2013 abseiling fund raising event for SeeSaw
Six of our team have committed to take part in a 2013 abseiling fund raising event. The more courageous among us will be raising money in support of a local Oxford charity SeeSaw who provide grief support for the young in Oxfordshire. The event will take place on...
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