News and Events - Page 3

Rural Seminars – We held two successful rural seminars in late Autumn 2023, one in Haddington, East Lothian…

We are pleased to announce that Richard Kirkham has become a Director of Three Counties Ltd and GWA Asset Management
Ltd on 6 February 2024.

This year sees the departure of two of our longest standing and most well respected Partners, Alan Patterson, and Ewan Millar. Ewan and Alan retire on 31 March this year, with Alan remaining as a consultant until 31 July.

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).

If you are a taxpayer and you are concerned that you cannot pay your tax bill on time, you have the option to set up an online “time to pay” arrangement with HMRC.  This means you can spread the cost of you tax bill over a period of 6-12 months, helping improve cash flow.

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