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Member Articles


Now is the Time to Nominate New Opportunity Zone Census Tracts for 2.0 Program

On July 1, 2026, the Qualified Opportunity Zones (QOZs) 2.0 nomination process formally kicked off. The process requires governors of each state and U.S. territory to nominate low-income census tracts to be certified as ...

Could Your Tax Planning Benefit From an Overhaul?

With the new 2026-2027 tax year about to start on 6 April, GMcG Chartered Accountants’ experienced tax team is busy helping clients across all sectors to understand the potential tax savings that can come with the righ ...

Top Five Tax and Accounting Mistakes Made by Entrepreneurs

Let’s face it – as a business owner, your time is a precious commodity. You’ve got a business to run and grow, and your time is not best served brushing up on the latest business accounting rules and regulations. ...

What Could an Andy Burnham Government Mean For UK Tax?

With speculation continuing over the future direction of the Labour Party, many individuals and business owners are understandably asking what an Andy Burnham government could mean for the UK tax system. While there has ...

The Government's Next Move on Trust Taxation

Trust Taxation – the saga continues...The Federal Government have finally released their consultation in relation to the proposed minimum tax to be imposed on trusts (discretionary trusts) that was originally flagged i ...

Pin the Inheritance Tax (IHT) Tail on the Non-UK Resident

Author: Saadia Javed, Senior Associate Understanding the new long-term UK resident rules With the UK domicile rules now replaced with the long-term UK resident test for inheritance tax purposes, clients need to ensure ...

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