News and Events - Page 16

Most of August felt like a return to 2022, with the US Dollar Index strengthening considerably (+4%) and signaling a risk-off move which has seen stocks and bonds decline together. However, the final few trading days saw material gains as inflation, employment and savings data suggested the overheating US economy may be cooling down. Investors are keen to see the end of interest rate hikes and a return to stable financial conditions.

Retirements, promotions, new starts there's lots to update about the GWA team. We've also been supporting a number of local community causes.

We are delighted to introduce GWA Asset Management Ltd (GWAAM), a wholly owned subsidiary of Greaves West & Ayre. GWAAM is the appointed investment manager of the MGTS Qualis fund range, which has been created in conjunction with the Authorised Corporate Director Margetts.

Following the Spring 2023 Budget, capital allowance rules are set to become more complex. The position is further complicated by the fact that the regimes for companies and unincorporated businesses differ, with some capital allowance claims only open to companies.

Have you ever wondered what happens to the tax you hand over to HMRC?

It has been announced that taxpayers will now have an extra two years to make any additional payments to their National Insurance (NI), this enables people to make contributions to increase their state pension entitlements.

It was music to many parents’ ears when it was announced in the Spring Budget that there will be more support for many working parents with the extension of free childcare support.

Following the extension for mandatory short term holiday let licensing there is now less than two months to go…

Beat the January tax rush!

GWA welcomes a new associate

2023 is doing its best to go down in history as one of the strongest years on record for stock market returns. If global stock markets were to continue at their current pace, they would produce the best annual return of the past 15 years.

HMRC late payment bills will be charged at 7.5% interest, this will come into effect from 11 July, this is the highest rate we have seen since 2001.