News and Events - Page 8

On the 1 January 2024 the Department for Business and Trade (DBT) issued guidance on the changes that are…

At the end of 2023, investors expected the US and UK central banks to reduce interest rates by 1.50 -1.75 percentage points in 2024.1 A fortnight after the spring equinox, those expectations have reduced to only 0.25 - 0.75 percentage points2 and some are now questioning whether we will see any rate cuts at all.

Our latest newsletter offers advice on the Basis Period Reform, useful Tax Planning guidance and the changes to the Cash Basis. We also bid farewell to two of our longest standing Partners and round up events, community and staff news.

The cash basis is a simpler way of preparing accounts, which takes account only of cash received and cash paid out. Unlike the traditional accruals basis there is no need to match income and expenses to the period to which they relate, or take account of debtors and creditors

Basis Period Reform:
Will it affect your business?

Wednesday 5 April 2024 sees the end of the current Tax Year. Following the Chancellor's continued plans to freeze and in some case reduce Tax-free allowances, it's more important than ever to make the most of some timely Tax planning.

Further to our recent article on the National Minimum Wage (NMW) increases on 7 March 2024 – read…

Yesterday, Jeremy Hunt gave what could be the Conservative Party’s last Budget before a General Election and possibly his last as Chancellor of the Exchequer. He claimed the Spring Budget 2024 aimed to halve inflation, reduce debt and grow the economy.

All employers need to be aware that the National Living Wage (NLW) and National Minimum Wage (NMW) rates are increasing on 1‌‌‌ ‌‌April 2024. In addition, the National Living Wage will be extended to workers aged 21 and over (previously only for age 23 and over).

In the future, owners of Airbnb and short-term let properties in England will have to get planning permission before renting out rooms.

From 1 May 2024 it has been confirmed that Companies House are increasing their fees. Companies House fees are often…

A Steady Start to 2024 -
The year has begun on a tentative footing following the excesses of November and December, when asset prices galloped higher. Investors have paused to reflect on the ‘wall of worry’ that is said to accompany most bull markets.