News and Events - Page 2

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…

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.

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).

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

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

In November 2023, HMRC launched a new voluntary disclosure route to allow individuals with undeclared capital gains tax (CGT)…

The Institute of Charted Accountants Scotland (ICAS) has made an interesting and very useful comparison of the 2023/24 Scottish…

Self-Assessment deadline 31st January Countdown for 5.7 million customers to file their tax return With less than a month…