Eamonn P McGrady & Co

Eamonn P McGrady & Co We offer a full range of accountancy, audit and tax services to a wide range of clients from our Dow

24/04/2026

National Minimum Wage.

Employers need to watch out for birthdays, employee status changes etc.

15/04/2026

Openreach has launched a £50k grant scheme, with grants of up to £2k for “grassroots” organisations.

Go for it!

06/04/2026

A very Happy New (Tax) Year to you.

New Year resolutions you might like to keep:

1. Get your 2026 Tax Return completed early this year.

2. If you’re included within Making Tax Digital this year, get ready for that.

3. Great time to look at your finances- look at Standing Orders and direct debits. Are they all necessary and appropriate?

4. Look at costs like telephone, insurance , marketing and bank charges. Can these be reduced?

5. The two ways to make more money in a business are to increase revenue or reduce costs. Consider both.

6. Make a plan. Create a budget.

7. Look at debtors, creditors and cash flow management.

8. Time to review your pensions, life insurance and income protection.

9. Review staff contracts.

10. Focus on the magic multiplier. (52!) Generate an extra £10 in revenue each week and reduce costs by £10 each week and you will save over £1000 in a year! Let small steps pay for your holiday…..

A wonderful family business celebrating 35 years on Market Street. Melissa….as always, working so hard in the background...
01/04/2026

A wonderful family business celebrating 35 years on Market Street. Melissa….as always, working so hard in the background, amazing organiser. And where is any business without a top class staff team! Congratulations to them all.

28/03/2026

Our Downpatrick office closes at 5pm on Thursday 2nd of April and reopens at 9am on Wednesday 8th of April.

Our Newcastle office closes at 1pm on Thursday 2nd of April and reopens on Thursday 9th April at 9am.

Have a lovely Easter and a very Happy New Tax Year.

25/03/2026

Not long now until the end of the tax year and the start of a new one.

Why not gather the information for your Tax Return now?

Get that Tax Return completed early.

Save yourself annoyance later.

You might be due a repayment. Why not get it earlier?

You may have a payment to make. Find out how much and give yourself time to plan.

19/03/2026

We are in the process of emailing all our payroll clients with an update for the new Tax Year. If you would like a copy, whether you are a client or not, please email us at….. [email protected].

19/03/2026

Major changes for Statutory Sick Pay come into force on 6th April.

There will no longer be a lower earnings threshold or qualifying period (ie no more waiting days), before Statutory Sick Pay entitlement begins.

16/03/2026

Happy St Patrick’s Day!

Our offices reopen on Wednesday at 9.00am.

11/03/2026

If you would like a free copy of our 26/27 Tax Guide, please email us at [email protected].

08/03/2026

The consensus of opinion is that inflation is rising fast and may continue to do so for some time.

What steps can businesses take?

1. Maximise and improve cash flow. Manage working capital. Poor cash flow kills businesses, even profitable ones.

2. Review all costs now. Even small savings can make a big difference. Invest time to do that.

3. Talk to suppliers. Negotiate deals and payment terms now. Review your purchasing strategy.

4. Look at how you might generate efficiency savings in labour costs.

5. Look at increased investment,In new technology, for example, that can generate increased revenue or reduce labour costs.

6. As interest rates are likely to rise, see if you have opportunities to fix them. Look at alternatives.

7. Look at stocks held. Consider if levels are appropriate. Turn slow moving and obsolete stock into cash. Consider lead times for suppliers. Look at alternative suppliers.

8. Look at your debt collection procedures. Cash is king, so get it in.

9. Set budgets and monitor performance against them. Management information, at an appropriate level, is crucial. Concentrate on information, rather than data .

10. Take time to sit back and evaluate business strategy. Use evidence based decision making.

It’s time to be proactive. Invest the time now. Work smart. Focus on improved efficiency and effectiveness in the new business environment.

Inflation and possibly recession? Just another challenge in the already challenging business environment. Plan to manage it. Don’t let it manage you.

Address

4-6 Market Lane
Downpatrick
BT306TH

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Website

Alerts

Be the first to know and let us send you an email when Eamonn P McGrady & Co posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Eamonn P McGrady & Co:

Shortcuts

Share

Category