John and Pam Cavanagh

After several years of having our tax affairs managed expensively and ineffectively by a well known major international auditing company we switched 3 years ago to Armstrong Watson. Facing a complex and unique set of legacy tax issues, Armstrong Watson researched every issue in great detail, consulted the appropriate specialists where necessary and proposed what turned out to be a very effective solution.

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Donald Engineering and Design Limited

 Donald Engineering and Design Limited are a small engineering firm based just outside Carlisle, which carries out design and development work for companies in the food, composites and road-marking industries.

 

The firm, unaware of the fact that its work qualified for a significantly enhanced tax relief, were approached by Armstrong Watson in November 2007, with the aim to identify if the company was eligible for the Research & Development tax relief available to companies carrying out qualifying activities.

 

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Engineered Assistance Limited

Engineered Assistance Limited are an engineering firm based in Leeds, which carries out research and development work for a new form of patient handling technology for use in healthcare.
 
The company is only just starting to trade but with the help of Armstrong Watson it has applied to treat its pre trading R&D costs as expenditure qualifying for R&D tax credits. Accordingly, the company has obtained nearly £60,000 in tax-free cash back from HMRC despite that it has yet to pay any corporation tax.

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Commercial Vehicle Assistance

The management team (“MBO Team”) in a highly successful commercial vehicle assistance company had decided the time was right to approach the existing owners with a view to completing a Management Buy Out (“MBO”). The business had been established by the existing owners and they had been involved in the business for a number of years. Therefore, understandably, the existing owners had a certain level of emotional attachment to the business and the approach had to be handled sensitively and finance had to be raised to fund the deal. 

What we did

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Family Business Case Study

Challenges

A very long established family business came to Armstrong Watson for help after being with their current accountant for many years.

Their current accountant had stopped engaging the business with regular contact, meetings and advice.

The client had filed their books with the current accountant and was highly unhappy with the lack of response they received.

What we did

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Property Maintenance Case Study

Challenges

A client in the property maintenance industry was having difficulties obtaining credit due to the fact that their accountant was very slow in processing their accounts and filing them with Companies House. A previous year’s accounts were on file and profits had increased since then, yet their outdated accounts were still registered with Companies House.

This has further consequences for the business as the difficulties in obtaining credit had resulted in delays in other areas of the business.

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Dental Client Case Study

Challenges

A Dentist based in Yorkshire has been with their previous accountant for over 5 years. Over this time, contact had been minimal and they didn’t receive any input into other areas of the business.

The owner of the practice felt that they were paying a lot of tax but they were not getting any input from their current accountant with regards to strategies were tax could be saved. 

 

What we did

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Trustees Case Study

Couple in their mid 50’s involved in a motorcycle accident. Mrs suffered head and brain injuries. Mrs qualified for £1.3m compensation awarded under Trust. Appointed Trustees were Mr and a local Solicitor

 

Challenges:

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At Retirement

Married couple both age 65 retiring now, two financially independent children and five grandchildren. Both client and partner in reasonable health although Mr had high blood pressure and angina. Looking to generate appropriate level of retirement income. 

Challenges:

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The Business Owner

 

Mr & Mrs owner aged 66 and 64. Own and run large retail business with their children and their children’s partners.

 

Challenges:

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