Latest News

How business owners can help provide for their employees

It’s rare we talk specifically about products, but this is an occasion that could be of interest to many smaller companies.

Many employers establish schemes that encourage employee loyalty and one of the most popular of these is Death in Service cover. Unfortunately, due to this type of arrangement being targeted at employers with high employee numbers, companies with fewer employees have frequently not considered establishing cover; but things have changed.

Freedom and choice in pensions – Time to review your pension?

With so much change occurring, you may be confused as to what the best course of action is or what your next step should be. Generally speaking, we only retire once in our lives and so a well thought out plan is crucial.

Understanding you, your financial position, your goals and priorities is the first step to knowing where you want to be.

It is worth looking at what you currently have in place to identify if it still meets with your needs and address any gaps.

Restricting tax reliefs on incorporation of law firms

Yesterday, the Chancellor surprised many by announcing changes to the tax treatment of incorporations with immediate effect.

Law firms are currently incorporating in large numbers, and there are now more law firms practising as limited companies than either partnerships or LLPs.  There are many strategic reasons behind that trend, one of which is the tax advantages of both the initial transition and the ongoing practice.

Support Small Business Saturday – Saturday 6 December

This Saturday (6 December) is Small Business Saturday; a specific day to celebrate our local independent retailers. One criticism of city shopping centres is that they all look the same, with the major brands all represented in each and every city and major town. It is the independent retailers that give variety to each town centre, and Carlisle is no exception.

The seven taxing side-effects of a US passport

Boris Johnson has hit the news recently for a run in with the Inland Revenue Service (IRS) in the United States. Despite his deceptively English exterior, he holds a US passport and this means, like thousands of other US citizens living abroad, he still has to file US tax returns. Like the Hotel California you can check out - but you can never leave your filing requirements behind. 

Armstrong Watson growth as an independent sounding board

Armstrong Watson’s Yorkshire Corporate Finance team has achieved its most active period of new projects and deals completed for five years in 2014 demonstrating substantial growth as part of a new long term strategy within the region. Following the recent move to new offices at 10 South Parade in Leeds, the Yorkshire team was brought together from surrounding offices led by Partner Phil Bailey.

Bonds vs Equities – Don’t drive down the road while staring at the rear view mirror

There has been much commentary in the media recently about the world economy and how this has affected investment markets. This undoubtedly raises concerns for many investors, so we’ve obtained commentary from Richard Cole, fund manager with Future Money Ltd, our core investment proposition provider, and his more upbeat overview is provided here.

Do you know what you're paying for?

It seems a simple question, yet one we find that not all recipients of financial advice understand. Many aren’t really clear about what charges they are actually paying and what service they are receiving for said payment.

One of the goals of the Financial Conduct Authority (FCA) has been to bring greater clarity to what consumers pay for and what service they receive from the financial services industry, but many people still aren’t fully aware.

Changes in the pensions world

It has certainly been a momentous year in the pensions world. The March budget set the ball rolling with changes to flexibility and how retirement funds will be accessed and is probably the biggest shake up in the last 25 years.

How a 10% change can add 61% to profits

When talking to clients, I’m often asked about ways in which to increase profits. A lot of business owners simply look at two factors; one being increasing sales and the second being reducing costs. I suggest that there are actually five areas to focus on when looking to increase profit and these are: