The benefits of Making Tax Digital for businesses

The benefits of Making Tax Digital for business, using a cloud based accounting system like Xero include saving time and reducing errors, ability to access your financial information in real time, anytime and from any device.

Are you co-habiting?

A recent landmark ruling by the Supreme Court has put pressure on the Government to review the rules around inheritance and tax rules for co-habiting couples and extending civil partnerships to heterosexual couples.

The Court reversed a Court of Appeal decision for a mother, Siobhan McLaughlin, who was previously denied the Bereavement Support Payment when her partner died, as they were not married.

Successful six months in new refurbished Glasgow office

To mark a successful six months since acquisition, Armstrong Watson Accountants, Business and Financial Advisers presented their newly refurbished Blythswood Square office to clients and business partners at a special Gin Tasting experience on Thursday 4^th October.

The event celebrated an ambitious expansion for the firm in the city, following the acquisition of the former Haines Watts practice in February, and also highlighted Armstrong Watson’s continued investment in their Glasgow operation. 

UK Manufacturing – is Intention Disconnected from Action?

Innovation should be at the top of every manufacturing leaders agenda, to maximize opportunities and guard against the risk presented by a lack of innovation. According to the NatWest report, only 15% of companies put innovation at the top of the agenda, while 54% say a lack of innovation is a significant challenge that is dampening their ability to succeed.

The Budget – what will affect you?

In the run up to any Budget we usually see speculation, forecasts and expectations, but it’s not until the actual day of the delivery speech that we see what will really transpire.

This year’s budget will take place on 29 October which is unusual to say the least. First, it’s taking place on a Monday (it’s usually on a Wednesday) and secondly, it has been brought forward, due to final Brexit discussions scheduled in November.

Considering selling your business?

The sale of your business can be an opportunity to fully realise the value of your lifetime’s investment. A chance to redress the balance and reap some of the rewards for the sleepless nights, long working days, missed family occasions and the many other sacrifices you’ve undoubtedly made on this roller-coaster journey called entrepreneurship.

How do you measure success in a business?

Success in a business can be measured in a myriad of ways and is often heavily dependent on who runs the business, but It is likely that success will present itself in one or more of the following ways:

As summer comes to a close, don’t let this winter be one of discontent

Autumn is a perfect time to take stock of your financial affairs, whether you’re an individual keen to prepare for the future or a business looking to grow, it’s important to have plans in place.

Over the coming weeks, we’ll be looking at some key financial issues, from topics surrounding pensions and ensuring your money is protected and ready to grow, through to preparing your business for impending new legislation such as Making Tax Digital and tighter HMRC restrictions.

Getting your law firm ready for sale

Are you thinking of selling your law firm? Tom answers the most common questions around minimising tax and getting your law firm ready for sale. 

Businesses Facilitating Tax Evasion Face Criminal Prosecution

The Criminal Finances Act (‘CFA’), which came into force in April 2017, provides HMRC with significant new powers to target businesses that facilitate tax evasion.