Silicon Valley Bank (SVB), a medium sized US bank which specialised in servicing the technology sector, collapsed on Friday as depositors rushed to withdraw their funds, concerned over huge losses the bank had incurred in its holdings of long dated bonds.
Jeremy Hunt will outline the Government’s spending plans and changes to tax policy in the Spring Budget on March 15th. It comes against a backdrop of the cost of living crisis and at a time when the Government is continuing to try to balance its books following the pandemic.
Armstrong Watson works in partnership with the Law Society for the provision of accountancy services to law firms in England & Wales and has responded to a consultation on proposed changes to the Solicitors Regulation Authority Accounts Rules (SRAAR).
The Insolvency Service has recently published statistics for the fourth quarter of 2022. Creditors’ voluntary liquidations (CVLs) were the most common company insolvency procedure (85% of cases), followed by compulsory liquidations (9% of cases), administrations (6% of cases) and company voluntary arrangements (CVAs; 1% of cases).
If you are considering selling part or all of your farming business you may be able to pay less Capital Gains Tax (CGT) if you qualify for Business Asset Disposal Relief (BADR).