Business

August followed a familiar path with stocks rising for the fourth month in a row. A number of factors are supporting the market, including interest rate cuts from the US and UK, a massive increase in US fiscal stimulus through President Trump’s “big, beautiful bill” and a significant decline in the value of the US dollar

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In our Summer newsletter we look at the the implications of 'Making Tax Digital for Income Tax'. We also highlight, 'Why We Are Requesting Your Records Earlier This Year' and touch on the Autumn Budget and planned Rural Seminars further into the year.
In addition we share news of two new Partners and two new Independent Financial Advisers within the practice.

The annual agricultural shows across East Lothian, the Borders, and Northumberland offer a great chance to catch up with our clients and associates. We were pleased to support both the Haddington Show and the Border Union Agricultural Show again this summer.

From April 2026 HMRC is introducing a new method for sole traders and landlords to report income and expenses, called ‘Making Tax Digital for Income Tax’.

You may have noticed that we have been in touch earlier than usual to request your financial records for this year’s accounts and tax return season. We want to take a moment to explain why this change is necessary and how it benefits you.

With borrowing costs climbing and economic growth faltering, Chancellor Rachel Reeves is under pressure to find new revenue sources and that is stirring speculation about both fiscal drag and stealth taxes and also potential tax increases.

We are always pleased to support and engage in a wide range of community events across the local area and its surroundings, and these past few months have been no exception.

Late Summer Bank Holiday Monday 25 August 2025: All offices - CLOSED

Risk appetite remained strong last month with the US and UK stock markets achieving new record highs. The first days of August have been a little more muted, with economic data proving mixed, but interest rates are on a declining path once again and may provide a lift.

14 August 2025

2025 is proving to be a case study for those who believe time in the market is more important than timing the market.