The UK government has recently published changes to legislation that increase the monetary size thresholds that are applied when determining whether your business qualifies as a micro, small or medium-sized entity. The changes come in to effect on 6 April 2025 and apply to companies and limited liability partnerships registered in the United Kingdom,...
In the last quarter, the US stock market rose by 9.6% significantly outperforming non-US markets. Outside the US, the best performance came from the Japanese equity market up 3.3% whereas the UK, the Chinese and European ex UK equity markets were down 0.2%, 1.1% and 4.1% respectively. The last quarter of 2024 saw an...
With the 31 January Self-Assessment tax return filing deadline fast approaching, HM Revenue and Customs issued a press release last week noting that 5.4 million taxpayers are yet to complete their return. More than 24,800 people reportedly filed their tax returns on New Year’s Day, with an additional 38,000 filing on 31st December. Notably,...
Nationwide’s House Price Review and outlook for 2025 highlighted that the housing market showed remarkable resilience in 2024, despite continued affordability challenges. Given this strength, Nationwide forecasted house price growth to generally range between 2% and 4% in 2025. Robert Gardner, Nationwide’s chief economist, reflected on the unexpected resilience of the housing market in...
As an employer who offers employee benefits in kind you may be aware of the requirement to submit forms P11d and P11D(b) to determine how much income tax and employer Class 1A National Insurance is payable on the benefits received. H M Revenue & Customs (‘HMRC’) announced in January 2024 that form P11d is...
UK house prices experienced a notable increase in November, climbing 1.2% month-on-month. This sharp rise marks a rebound in the annual growth rate, which surged to 3.7%, up from 2.4% in October. The annual growth is now at its fastest pace since November 2022, highlighting a renewed strength in the housing market. As a...
Introduction On 30th October, Chancellor Rachel Reeves gave no indication that the government would extend the current stamp duty threshold for first-time buyers (FTBs), which is due to expire in March. This scheme sees first time buyers pay no stamp duty on home purchases below £425,000, an increase from the previous £300,000, although this...
On Wednesday, October 30, 2024, Chancellor Rachel Reeves presented her Budget, committing to “invest, invest, invest” as a strategy to fuel growth and “bring back economic stability.” We have prepared a Budget Summary which provides an overview of the key announcements arising from the Chancellor’s 2024 Autumn Budget. The Summary includes helpful notes to assist you in...
With the Budget coming on 30th October, speculation is increasing on what changes will be announced. The Chancellor and the Prime Minister have made comments to indicate that the Budget will bring “difficult decisions”. The Chancellor reported shortly after taking office that there was a £22bn “black hole” in public spending inherited from the...
Winning the Accountancy Firm of the Year at the Corporate Finance Awards is a remarkable achievement that reflects more than just technical expertise—it highlights the dedication, teamwork, and collaborative spirit of the entire firm. Such recognition not only affirms the quality of work delivered to clients but also underscores the strength of the internal...