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Q4 2023 Market Overview

Q4 2023 Market Overview

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...

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VouchedFor 2024 guide to top rated Financial Advisers

VouchedFor 2024 guide to top rated Financial Advisers

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. VouchedFor stated on LinkedIn that: “They have clearly...

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Payrolling of benefits in kind

Payrolling of benefits in kind

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...

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How to effectively plan your employer pension contributions before its too late

How to effectively plan your employer pension contributions before its too late

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...

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Post Office Horizon scandal: A stark reminder to prioritise people over systems

Post Office Horizon scandal: A stark reminder to prioritise people over systems

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...

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Keeping on track for the end of tax year

Keeping on track for the end of tax year

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...

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Autumn Statement 2023

Autumn Statement 2023

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....

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Salary or dividend best in 2023-2024?

Salary or dividend best in 2023-2024?

Welcome to the November edition of Tax news. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. SALARY OR DIVIDEND BEST IN 2023/24? In recent years many accountants have advised their director/shareholder clients that the most tax efficient method of extracting profit from...

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Autumn Statement date set for 22 November

Autumn Statement date set for 22 November

The Treasury has announced that the Office of Budget Responsibility (OBR) will produce a report on the state of the UK Economy in time for Chancellor Jeremy Hunt to present his Autumn Statement on Wednesday 22 November. Last year the Chancellor announced a number of significant changes, reversing many of the proposals in the...

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What is anchoring bias?

What is anchoring bias?

Anchoring is a cognitive bias that describes a reasoning flaw, of relying heavily on an initial piece of information (the anchor). Subsequent decision making and judgements are made with a bias towards interpreting other information around the anchor. Why does it matter? This bias can result in investors making poor investment decisions. A pessimistic...

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