Latest News

Understanding your Cash Flow and Tax Payments

What is cash flow and tax planning, and why is it important for farming businesses to understand?

Simon Turner promoted to Partner at Northallerton Office

We are pleased to announce that Simon Turner, Audit Director, has been promoted to the role of Partner.

Based at Armstrong Watson’s Northallerton office, Simon has played an integral part in the development of the firm’s audit practice across North Yorkshire and the North East.

Boris’s Proposed Brexit Deal: Customs, VAT and the Irish Border

“So the Government has finally published Boris Johnson’s detailed proposals to deal with the vexed question of the Irish border, the fundamental issue which must be resolved if the UK is to leave the EU with a deal on 31 October, or possibly indeed if we are to leave on that date at all.

The coming days will reveal what politicians and the EU will make of the plans and what will emerge, but what would the proposals mean in practical terms? These would of course take effect at the end of a two year transition period.

Considering selling your business?

Selling your business can be daunting especially knowing how to make it an attractive proposition whilst optimising shareholder value - Armstrong Watson’s corporate finance and tax teams are here to help.

Protection of payment by credit card in light of Thomas Cook collapse

I was very sad to hear last week the news of the liquidation of Thomas Cook with the mammoth loss of thousands of jobs and the continuing disruption, cancellation and upset to hundreds of thousands of holiday goers.

Whilst ATOL protection for many of those who booked holidays through registered travel agents will look to cover losses for the travel and accommodation covered under the policy, this dire situation also reminds us of the protection offered when paying by credit card.

Time to Pay Arrangements – A Time to Reflect?

Whenever there is uncertainty, a lack of customer confidence is never far behind. Unfortunately, that can lead to increased cash flow pressures on businesses as they struggle to meet their obligations to suppliers and HM Revenue & Customs (“HMRC”) and when cash is tight, HMRC often fall to the bottom of the pile.

New ‘Off Payroll Working Rules’ and HMRC responsibilities

IR35 is a piece of legislation originally introduced in 2000 to ensure those individuals hired by a business, who would ordinarily be deemed ‘employees’ - if they had been engaged directly - broadly pay the same amount of tax and National Insurance as employees.  Businesses for many years have always been obliged to undertake the ‘self-employment v employed’ test but IR35 specifically fell on the individual (worker) who provided their services through an intermediary (e.g. through another a company) to another person or entity. 

Chartered Financial Planning team with a wealth of knowledge and experience

Armstrong Watson Financial Planning and Wealth Management are one of  a very select number of firms who hold the coveted Chartered status showing a mark of trust, capability and professionalism.

Protecting the value of your money

The rate of inflation is important as it can impact your investments and to avoid losing value your savings and investments, inflation needs to grow at the same rate as prices are rising.

Armstrong Watson Takes on Record Number of New Trainees

Armstrong Watson Accountants, Business and Financial Advisers has taken on a record number of new starters, with the appointment of 11 chartered accountancy trainees and 20 trainees studying AAT/ATT across 5 of the firms offices in Glasgow, Carlisle, Northallerton, Skipton and Leeds.