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Global Market Commentary – April 2024

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.

Cash Basis – changes applying from April 2024

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

Basis Period Reform:
Will it affect your business?

Tax Planning

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.

Global Market Commentary – March 2024

STOCKS BEGIN TO MOTOR -
In June 2023 we asked whether a new bull market had begun. Nine months later, we have our answer. The MSCI World index moved to new all-time highs in February. The US and Japanese stock markets have led the way, while others are yet to catch up - including the UK’s.

Changes for owners of Airbnb and short term let properties in England

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

Companies House Fee Increase

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

Global Market Commentary – 2 February 2024

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. 

National Apprenticeship Week: 5 – 11 February

This…

HMRC makes child benefit digital for new parents

A change to the child benefit claims process means it can now be done entirely online through the government’s…

Misinformation around tax on ‘side hustles’

It was widely and incorrectly reported last week (w/c 8 Jan), that new reporting rules for digital platforms was…

Changes to National Insurance contributions – 6 January 2024

In his 2023 Autumn statement the Chancellor’s giveaway came in the form of a cut to National Insurance rather…