Latest From Mundy & Co.

4 Strategies to Help You Weather the US Tariff Increases

There may be opportunities ahead The US tariff saga has caused turmoil across global financial markets. Even though the UK’s main rate is a relatively low 10% (25% on British cars), many are concerned about what the effects will be on global supply chains, pricing and business confidence. What could this all mean for your […]

Business Rates Relief confirmed for 2025/26

Business Rates Relief confirmed for 2025/26 A letter from the government’s Non-Domestic Rates Team to councils has confirmed the Business Rates Relief measures for 2025/26 announced at the 2024 Autumn Budget. Here’s a summary. Standard and small business multipliers This confirms that: The non-domestic rating multiplier will be 55.5p. The small business non-domestic rating multiplier […]

MAKING TAX DIGITAL FOR INCOME TAX

With just over a year to go before Making Tax Digital for Income Tax (MTD for IT) is mandated, now is the time to consider whether your business will be required to comply with the new requirements from 6 April 2026. If you are a sole trader or run an unincorporated property business, and your […]

THERE’S STILL TIME FOR SOME YEAR END TAX PLANNING!

With the tax/financial year end approaching, now is a good time to check that you’re making the most of the available reliefs and allowances available to you. Please talk to us if you think any of the issues affect you. Savings If you have some spare cash, an obvious tax planning point might be to […]

Are you thinking about starting a new business?

Starting a business in the UK is an exciting venture, but it comes with financial, tax, and accounting responsibilities that you must navigate effectively. Understanding what you will need to do from the outset will help make sure that you don’t miss anything, avoid unnecessary costs, and position your new business for success. Here are […]

The Bank of England reduced their base rate to 4.5% last week, as had been widely expected in the days leading up to the decision. The decision was made by a 7-2 majority. The minority of two members were looking for the rate to be reduced to 4.25%. In announcing their decision, the Monetary Policy […]

When running a business from home or without a fixed location, you might consider using your home address as your registered office. However, opting for a non-residential or commercial address is generally a wiser choice for several reasons.   Privacy Matters Using your home address makes it publicly available, which can lead to unwanted visitors […]

Xero Certified Accountants…

Mundy & Co. have been partnered with Xero since 2013 and are proud to be a Gold Champion Partner.  The Xero champion status is for partners on the partner program, who show a commitment to certifying their teams on Xero and who grow their own Xero practice. We work with Xero because between us we make it easy […]

Autumn Statement 2023: what does it mean for your business?

On 22 November, Chancellor Jeremy Hunt delivered the Autumn Statement 2023, revealing 110 tax and spending measures designed to grow the UK economy, including changes to National Insurance.   Below is a round-up of 15 key measures that may affect you as a business owner or self-employed worker.  1. Cuts to National Insurance The main rate […]

Mundy & Co – Update- July 2023 Edition

We hope this update finds you in good health and high spirits. We wanted to take a moment to update you on the current state of affairs in the accountancy industry, particularly with regards to the challenges we are facing post Covid and post Brexit. As you may already be aware, the entire accountancy industry […]