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IMPORTANT INFORMATION CONCERNING TRUSTS
Trust Registration Service (TRS) Following European wide anti-money laundering regulations, HM Revenue & Customs (HMRC) now require most trusts to be registered on their online TRS. The types of trust (unless excluded) that would need to be registered include: An express trust UK and non-UK trusts with a liability to UK taxation A Designated Unit…

Tips For Success From the Current Business Elite
The path to success isn’t always straight. There are often bumps, turns and forks in the road. But a little bit of guidance can help you find your way. In fact, many of the most successful leaders are where they are today because they took advice from people they trusted. Here you’ll find some of the…

A week in financial figures – 9 August 2022
The main news item over Friday and the weekend was the July non-farm payrolls report from the US. The increase was 528k, much faster than consensus for 250k and compared to 398k in June. This was the strongest payroll gain in five months and the release noted widespread job growth led by gains in leisure,…

Alternative Property Investments to consider
Buy-to-let investors have seen the introduction of a raft of changes to tax rules in recent months which make being a landlord a less attractive option for many. Changes include a new 3% stamp duty land tax surcharge introduced in April 2016 on top of standard stamp duty rates for anyone buying a second home,…

Financial week in a glance: what’s been trending
In the international news Tesla and SpaceX CEO, billionaire Elon Musk sold about $8.5bn of Tesla stock after announcing he will buy Twitter for $44bn, a milestone moment for the 16-year old social media platform, which will take it from being a publicly-owned company to a private one. His takeover is expected to be completed…

MARKET UPDATES
In the US equity markets ended the week lower, on concerns about the Federal Reserve’s notably more hawkish stance and about the impact of inflation on consumer spending, and thereby corporate earnings and margin outlook. The S&P 500 fell -2.77% on the day, breaking down below the 50 day moving average. The technology-heavy Nasdaq 100…