The shortage of affordable properties in many rural areas, means more farming businesses are looking at building new properties or converting buildings to provide accommodation for family members or workers. But what about the VAT issues that can arise?
During Q1 2023, the Insolvency Service reported that there were 29,017 individual insolvencies. These comprised of 20,246 Individual Voluntary Arrangements (IVAs), 7,034 Debt Relief Orders (DROs) and 1,737 bankruptcies.
The availability of working capital is a real problem for companies in these challenging financial times. Time to Pay (TTP) arrangementrs allow viable companies who cannot pay on the due date to make payments to HMRC over a period that they can afford.
Historically public sector pension schemes were defined benefit schemes, with pension benefits determined by final pensionable salary. In 2015, the Government reformed public sector pension schemes, introducing Career Average Revalued Earnings (‘CARE’) pension schemes.
Armstrong Watson LLP, Accountants, Business and Financial Advisers are delighted to announce that Huw Nicholls has joined the team as an Audit Director.
With the holiday season now revving up, how can business owners in the hospitality sector tap into the increased voracity for socialising when faced with pressing challenges like the cost of living crisis?
There are many different types of pension that you might come across, but the majority typically fall into one of these; Defined Contribution (DC), or Defined Benefit (DB). It’s worth understanding the basics of how these work, as it will have an impact on the options available to you, as well as how you plan to access your retirement benefits when you are ready to retire.