Company News & Insights

02 October 2026

If you transfer your sole trade or partnership to a limited company, any unused trading losses do not automatically transfer to the company. Those losses remain personal to the sole trader or individual partners. Normally, carried-forward trading losses can only…

18 September 2026

Who the Programme is for Invest NI is now inviting applications for its Leadership Team Ambition to Scale Programme, launching on 27 January 2027. Designed for ambitious businesses with an established leadership team and annual turnover of at least £1…

11 September 2026

When it comes to retirement planning, one of the most common questions investors face is whether keeping money in cash provides security or whether it could mean missing out on valuable long-term growth opportunities. In collaboration with Stephen Marshall, Wealth…

04 September 2026

Many successful business owners reach a point where their company has accumulated surplus cash. Perhaps you've built a strong trading business, profits and cash are growing, and you're looking for ways to invest for the future. Property investment often appears…

28 August 2026

As a business owner, it's easy to become trapped in the day-to-day demands of running the business. Customer issues need resolved. Staff need direction. Cash flow needs monitored. Before long, your day is spent reacting to problems rather than driving…

14 August 2026

With HMRC introducing updated mileage rates from 6 April 2026, many businesses, employees, and self-employed individuals are asking what has changed and how it affects them. What are the HMRC mileage rates for 2026/27? From 6 April 2026, HMRC has…

10 July 2026

Family Companies: Tax Issues in Shareholding Structures Companies are often established quickly, with little thought given to the long-term commercial and tax implications of their shareholding structures. For family-owned businesses in particular, this oversight can lead to missed opportunities for…

03 July 2026

It is increasingly common for individuals to earn both employment (PAYE) and self‑employment income. HMRC allows this, but understanding the tax rules is essential. How Income Is Taxed Employment income is taxed through PAYE, with Income Tax and Class 1…

26 June 2026

Should I Put My Rental Properties into a Limited Company? This is a question many landlords are now asking, particularly as tax rules for rental income have become less favourable for individual property owners. Changes such as the restriction of…

17 June 2026

The HMRC P11D deadline is a key date in the UK tax calendar for employers and payroll professionals. For the 2025/26 tax year, forms P11D and P11D(b) must be submitted to HMRC by 6 July 2026. Missing this deadline can…

12 June 2026

One of the first (and most important) decisions when starting a business is how to structure it. Get it right, and you maximise cash in your pocket while protecting yourself. Get it wrong, and you could pay more tax than…

05 June 2026

Many business owners rely on year‑end accounts to understand how their company is performing. While these accounts are essential for compliance, they are often prepared months after the year has ended, by which time the information is already out of…

29 May 2026

Most business owners start out firmly in control. But as the business grows, something changes. Meetings multiply, decisions slow, priorities blur, and the owner becomes the bottleneck. Days are spent firefighting rather than leading. If that sounds familiar, the problem…

22 May 2026

Spring isn’t just for clearing cupboards, it’s the ideal time to take a clear, honest look at your business finances. For business owners across Northern Ireland, Q2 is the perfect checkpoint. A focused business health check now can help you…

15 May 2026

In April 2026, important changes to statutory payments were introduced that affect every employer in Northern Ireland. If your payroll systems and HR policies are not up to date, the risk of non‑compliance and unexpected cost increases. Now is the…

06 May 2026

With rising costs and continued economic pressure, managing tax efficiently is more important than ever for small businesses in 2026. The good news? There are plenty of legitimate ways to reduce your tax bill, if you plan ahead. Whether you’re…

28 April 2025

06 March 2025

As the end of the financial year approaches in Northern Ireland, employers need to ensure they meet all the necessary payroll requirements for the tax year. The year-end payroll process involves a series of critical steps that help ensure compliance…

27 February 2025

Is your business ready to sell online or digitise your operations? Invest NI's Management Information Systems (MIS) grant funding could help you expand into new markets and enhance productivity through digital automation. How Does It Work? MIS transforms how your…

09 October 2024

The Impact of Declaring a Dividend When managing an overdrawn director's loan account, declaring a dividend can be a viable option for clearing the outstanding balance. This approach involves using company profits to issue a dividend, which can then be…

13 August 2024

Do you know what a mentor is? Mentors are like having coaches in your life. They're individuals who possess a wealth of knowledge and experience because they've walked the walk. If you've ever wondered about the transformative power of having…

20 June 2024

Elevate Your Business: Unlock Growth with Expert Business Advisory Services Ready to take your business to the next level? As entrepreneurs, we all hit roadblocks on the path to success. That's where business advisory services come in. From strategic advice…

22 April 2024

This Earth Day, we’re merging green living with smart financial planning, proving that you can save the planet while also saving money!   Why Should Chartered Accountants Talk About Earth Day? You might be scratching your head, wondering what on…

21 March 2024

Rev Up Your Business: 7 Essential Components of the Entrepreneurial Operating System (EOS) In today's competitive business landscape, the key to sustainable growth lies in the establishment of a robust system that fosters clarity, alignment, and accountability throughout your organisation.…

11 March 2024

In today's fast-paced digital landscape, staying ahead of the curve is paramount for businesses to thrive. Small and micro-enterprises often face unique challenges in adopting advanced digital technologies due to financial constraints. Recognising this, the Digital Transformation Flexible Fund (DTFF)…

16 October 2023

Are you claiming tax relief for your job-related expenses? Maximise your savings!   At Morrissey Chartered Accountants, we understand the importance of optimising your tax planning strategies to maximise your savings. One effective way to achieve this is by claiming…

04 October 2023

Enhancing Employee Benefits with Salary Sacrifice Schemes Attracting and rewarding employees goes beyond traditional cash remuneration. In today's competitive job market, non-cash benefits play a vital role in enticing and retaining talent. Salary sacrifice schemes are a valuable incentive that…

22 September 2023

Invest Northern Ireland is teaming up with the Department for the Economy (DfE) and the Software Alliance to revolutionise your workforce. Introducing Assured Skills Academies – your gateway to a talent-rich future in the digital tech realm. Why Assured Skills…

18 September 2023

Would you like to receive a tax repayment from HMRC through an R&D Tax Relief Claim? Changes are taking place! In recent times, the world of Research and Development (R&D) tax relief  has witnessed a significant transformation, causing ripples of…

24 August 2023

Apply now for this exciting position to kickstart your career in accountancy with a fully funded Trainee Accounting Technician - Higher Level Apprenticeship.   Morrissey Chartered Accountants are currently recruiting for a Trainee Accounting Technician to join our office in…

08 August 2023

Social Value Accounting (SVA) allows us to understand an organisation's contributions to social and environmental wellbeing, providing a comprehensive picture of its performance. The Scope of Social Value Accounting Social Value Accounting is a broad and versatile methodology that can…

14 July 2023

In today's competitive business landscape, it is crucial for companies to explore strategies that can help reduce their tax liabilities while optimising cash flow. One such strategy is paying a salary to a member of the director's family. This article…

10 July 2023

The JobStart scheme is a fantastic opportunity for employers in Northern Ireland to create new job opportunities for young people aged 16-24 who are at risk of long-term unemployment. This scheme, funded by the Department for Communities, aims to support…

15 June 2023

Discover how environmental management accounting can help your business analyse its environmental impact and reduce costs! Management accounts provide a comprehensive analysis of a business's performance, but environmental management accounting takes it a step further. It focuses on the costs…

12 June 2023

Understanding Directors' Loan Accounts (DLAs) is crucial for maintaining proper financial management and compliance within your company. We will explore how DLAs can be utilised to maximise tax efficiency. What is a Directors' Loan Account? Directors' Loan Accounts record the…

12 May 2023

Can you afford the time to get payroll right? Can you afford the cost to get it wrong! At Morrissey Chartered Accountants, we are committed to providing you with the best payroll services to meet your business needs. Our team…

05 May 2023

Maximising Your Property Investment Returns At Morrissey Chartered Accountants, we know that investing in property can be a lucrative way to build wealth, but it's important to consider the tax implications of your investment strategy.   One of the key…

02 May 2023

20 April 2023

Earth Day 2023 Earth Day is celebrated globally on April 22nd every year to raise awareness about environmental protection and the importance of sustainable living. Morrissey Chartered Accountants is proud to celebrate Earth Day 2023 and encourages everyone to take…

19 April 2023

What is HMRC R&D tax relief? R&D tax relief is a tax incentive provided by the UK government to encourage companies to invest in innovative projects in science and technology. It allows companies to claim Corporation Tax relief if their…

07 April 2023

Happy Easter from the team at Morrissey Chartered Accountants!   Our office will be closed on Monday 10th and Tuesday 11th April 2023 and will reopen on Wednesday 12th April.

29 March 2023

Payroll Year End Things To Do The end of the payroll year is a crucial time for businesses. Here's what you need to do to ensure a smooth transition into the new tax year: Step 1: Check when your payroll…

21 July 2022

Overview Invest NI have recently announced the introduction of supply chain and development support in order to help businesses to improve their supply chain resilience and competitiveness. The supply chain resilience and development solutions support will provide businesses with a…

22 April 2022

Today is the 52nd annual “Earth Day”, and the theme this year’s event is Invest in our Planet. What is Earth Day? Earth Day is an annual event, held to promote support for environmental protection. “This is the moment to…

11 March 2022

Northern Ireland’s financial sector is dominated by small and medium sized enterprises (SMEs). The Department for Business, Energy, and Industrial Strategy estimate that 99.8% of all businesses in Northern Ireland employ fewer than 250 employees, so engagement from small businesses…

03 November 2021

Morrissey Chartered Accountants are currently recruiting for a TRAINEE ACCOUNTING TECHNICIAN Company Morrissey Chartered Accountants, established in 1997, aim to be your trusted business advisor offering sound expert business advice from partners with experience in both industry and practice. As members…

29 September 2021

Invest NI have announced the latest call for applications for the Innovation Voucher Programme.   Businesses can apply for a £5,000 Innovation Voucher to work with a public sector knowledge provider, such as a university, college, technology institute or research…

13 August 2021

Applications have now opened for the fifth grant of the COVID-19 Self-Employment Income Support Scheme (SEISS).   The SEISS is designed to help self-employed individuals or members of a partnership who have been negatively impacted by COVID-19.   HMRC have…

06 July 2021

Rural Business Development Grant Scheme: Growing your business post Coronavirus Newry, Mourne and Down District Council have announced applications are now open for the Rural Business Development Grant Scheme. The grant is aimed to support sustainability, recovery and development of…

Invest NI have opened the second round of applications for the COVID-19 Energy Efficiency Capital Grant. The COVID-19 Energy Efficient Capital Grant (EECG) has been designed to help businesses recover from COVID-19 and build resilience through green efficiency. It provides…

15 June 2021

The COVID-19 Digital Selling Capability Grant (DSCG) has launched its second call for applications. The scheme is developed by Invest NI, and has been designed to help established small or medium retail or wholesale businesses to grow their online capabilities.…

29 January 2021

Receive £3,500 from the Limited Company Director's Support Scheme to provide financial support to company directors who have personally been adversely impacted by COVID-19.    The Minister for the Economy Diane Dodds has announced details of the Limited Company Director’s Support Scheme…

11 January 2021

Get £3,500 from the Newly Self Employed Support Scheme to support newly self-employed individuals negatively affected by COVID-19. Economy Minister Diane Dodds has announced an amendment to the Newly Self-Employed Support Scheme (NSESS) criteria including an extension to the closing…

23 December 2020

Merry Christmas and a Happy New Year for 2021, from all of us here at Morrissey Chartered Accountants. The office will be closed for Christmas from Thursday 24th December 2020, until we reopen on Monday 4th January 2021. Visit our Contact…

19 August 2020

Self-Employment Income Support Grant The second and final HMRC Self-Employment Income Support Scheme Grant (SEISS) opened for claims on 17 August 2020. The eligibility criteria will remain the same, therefore, any individual eligible for the first SEISS grant can claim,…

31 July 2020

Rural Business Development Grant Scheme: Growing your business post Coronavirus.  As local businesses prepare to recover and grow from the recent COVID-19 pandemic, the Rural Business Development Grant Scheme can assist with capital costs, such as; ICT equipment for remote…

11 June 2020

Morrissey Chartered Accountants - Covid 19 Action Plan. In response to the Coronavirus pandemic, we have implemented a plan of action to ensure a continued high-level of service whilst also maintaining social distancing measures. Our actions are informed by the advice…

17 March 2020

Practical ways to manage the Coronavirus crisis. 17 March 2020 It is important that you consider the potential impact the current Coronavirus pandemic is having on your business. We have set out below some practical ways you can help your…

29 January 2019

HMRC Research & Development (R&D) Tax Credits are designed to incentivise and encourage firms to invest in the development of innovative products and/or services.   It allows organisations to recoup substantial development costs as cash or credit for every year…

28 January 2019

08 September 2018

From April 2019, businesses with annual taxable turnover of more than £85,000 will be required to maintain digital records for VAT and submit quarterly returns alongside the annual tax return. Under the requirements of MTD, any transfer of data between…