In mid-March 2024, the then Shadow Chancellor, Rachel Reeves gave the Mais lecture to the good and the great of the City. In it she set out her broad fiscal framework, including goals to: • Balance the current budget, i.e. match day-to-day government expenditure with revenues; and • Have a single fiscal event (i.e. Budget)…
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After more than three decades of providing expert financial advice, Andrew Hannay has retired. A retirement celebration was held at our Melville Street, Edinburgh office with colleagues, clients, family and friends. Throughout his career, Andrew has guided countless individuals and businesses through their financial planning, often building lifelong relationships with clients who have become friends…
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2024 was the third consecutive year in which the Scottish government was forced to undertake an emergency budget review. In a statement on 3 September, the Cabinet Secretary for Finance, Shona Robison, announced “support [for] the 2024/25 Budget totalling almost £1 billion, of which up to £500 million are direct savings”. The Scottish Budget 2024
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In case you missed it, Head of Financial Planning Chris Forde and Financial Planner Phil Annand held a webinar yesterday covering some of the key issues of the Autumn Budget 2024. What We Covered: Capital Gains Tax: Updates that may impact asset sales and tax-efficient planning Pensions and Allowances: Important revisions affecting retirement strategies Inheritance…
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The first Budget from a Labour government since March 2010, and the first ever from a female Chancellor, proved to be the defining event that had been widely anticipated. From the moment in late July when Rachel Reeves unveiled her “£22 billion black hole” and announced means-testing for the winter fuel payment, it was clear…
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April each year is Earth Month, with Earth Day taking place today, April 22nd. This is all about raising awareness and encouraging action to support environmental projects and initiatives. But, if we are serious about combating climate change and its impacts, then more and more of us need to get on board and actively engage….
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The early trailers in January 2024 for what is probably Chancellor Jeremy Hunt’s last ‘fiscal event’ featured Prime Minister Rishi Sunak promising “more to come” on tax cuts. At the time, Mr Sunak’s bullish viewpoint puzzled some commentators because the Treasury had yet to receive even an initial assessment of the UK’s financial health from…
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We arranged for a photographer to attend our Dundee office in December to take a team photograph as we wanted to help clients see the support that is available to them across our team. Not everyone was available to attend for the photograph due to remote working or holidays however we managed to capture most. …
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The final article in our series of Tax Planning Tips 2023/24. To see how we can help, please click here to get in touch. Feed employees with free or subsidised food in a staff canteen. Where the food is available to all employees, or all who work at a particular site, there is no…
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The penultimate article in our series of Tax Planning Tips 2023/24. To see how we can help, please click here to get in touch. Choose the most tax-advantageous structure for your new business. When starting a new business venture, it can be difficult to predict the level of income it will generate. If losses…
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