Latest News

Xero User News - E-commerce Update for eBay and Amazon Sellers

An e-commerce update for eBay and Amazon sellers and advice for integrating with Xero.

10 Reasons to Outsource your Finance Function

Are you looking for support with your payroll and VAT returns? Here are 10 reasons why outsourcing your finance function could be a good option for your business in 2021. 

Workplace Lateral Flow Testing has begun in our offices

We have begun workplace testing to help slow the spread of the virus across the county and ensure our offices are Covid-19 secure.

Xero User News - Postponed VAT Accounting

From 1^st January 2021, all VAT registered businesses that import goods into the UK from anywhere in the world have been able to use postponed VAT Accounting.  This provides the option to account for the VAT charge and recovery on the same VAT return, and even applies if your business was already importing goods into the UK.  

Caravan and Lodge Sales VAT reimbursement agreed by HMRC

In a significant victory for one Caravan Park Group, BHHPA member, Armstrong Watson, has been given HMRC’s agreement to a new form of valuation and VAT treatment for removable contents sold as parts of caravans and lodges, which could lead to substantial reimbursements for other holiday park businesses.

Will the proposed changes to pre-packs help business rescue?

Mike Kienlen examines the new “pre-pack” Administration draft legislation, set to be introduced from 1 May 2021 in the role of business resuce.

Pre-Packs and the Proposed Changes

Mike Kienlen explains the pros and cons of a 'Pre-Pack' in relations to selling a business and assets of an insolvent business.

Spring Budget 2021 - what does it mean for the farming industry?

In the lead-up to Rishi Sunak’s Spring Budget on 3 March, there was intense speculation as to whether he would announce tax-raising measures to start paying for the cost of the pandemic. While most of the announcements were to assist businesses and individuals still impacted by Covid-19 he set out the following changes to raise revenue in a bid to get the country back on track.  

Spring Budget 2021 – The Not for Profit Sector

Rishi Sunak, the Chancellor of the Exchequer, unveiled his Spring Budget in the House of Commons last week, with an extension to the furlough scheme and social investment tax relief amongst the biggest announcements affecting charities and voluntary organisations.

Armstrong Watson acquires North East accountancy firm

Armstrong Watson has strengthened its aim to be the 'go to' accountancy firm for family and owner-managed businesses across the north now that it has acquired another successful, long-standing North East practice. 

Hexham-based accountancy firm Patricia J Arnold & Co has found the perfect match in Armstrong Watson as a business that will continue to provide a personalised service for its clients.