As you navigate the path to entrepreneurship, it’s crucial to lay a solid foundation that sets your venture up for success and sustainable growth. Here are five important steps to consider as you establish and grow your new business: Get in touch via welcome@pkgroup.co.uk or on +44 (0)20 8334 9953. Alternatively, visit our Managing...
Stock markets posted positive returns in the first quarter of 2024 with the US market (S&P 500) up 12.2%, the Japanese market up 12.0% and Europe ex UK up 6.8%. The market rally in the US was initially driven by enthusiasm for businesses expected to benefit from the rapid growth in Artificial Intelligence (AI)...
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. We have prepared a Budget Summary which provides an overview of the key announcements arising from the Chancellor’s 2024 Budget. Throughout the Summary you will find informative comments...
Stock and bond markets finished the year on a high with all main asset classes posting strong returns in the last quarter of 2023. The UK aggregate bond market was up 8.25% and most equity markets rallied by 5% or more in GBP. The main factors driving financial markets continue to be the level...
Our Director of Financial Planning, Martin Crawley-Boevey, has recently qualified for the 2024 Guide to Top Rated Financial Advisers, based on the strength of the client feedback. PK Group put the client at the heart of everything we do, which is testament to Martin’s positive feedback. You can view the full guide here. VouchedFor...
H M Revenue & Customs announced in January 2024 that the payrolling of benefits in kind is to become mandatory. This will reduce the administrative burden on H M Revenue & Customs and employers alike. What are benefits in kind? Benefits in kind are any benefits given by an employer to its employees (or...
With many businesses approaching the end of the accounting period’s final quarter (31st March), this is a perfect opportunity to review your employer pension contributions. For the contributions to be deductible against corporation tax, they must be paid on or before 31st March. From 1 April 2023, the headline (i.e. main) corporation tax rate...
The recent Post Office Horizon scandal, given further exposure by the related TV drama, provides a cautionary tale about the perils of overlooking the human impact of technology decisions. The Post Office’s Horizon accounting system erroneously implicated postmasters in financial irregularities and led to severe consequences, including loss of reputation and even imprisonment, for...
With the end of the tax year approaching, it is a good time to start planning your tax affairs before the 5th April arrives. An obvious tax planning point would be to maximise your ISA allowances for the 2023/24 tax year (currently £20,000 each). You might also want to consider increasing your pension savings...
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fuelled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting tax and rewarding hard work....