Latest News

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.

Read our Spring Budget 2021 full analysis

Here's our post-Spring Budget Analysis from our accounting, tax, payroll, financial planning, corporate finance and hospitality teams

Spring Budget 2021 - Business Tax Changes

After the announcement of a further £5bn in Government support taking the total spend to over £400bn, the Chancellor looked to companies to shoulder the tax increases to begin paying it back.  

Spring Budget 2021- Personal tax changes

Today’s announcements on personal tax mean that once the personal allowance increase already announced for 2021 takes place we will see the personal allowance (£12,570 from the 6 April 2021) frozen until 6 April 2026. 

Spring Budget 2021: A Budget for Jabs and Jobs

This Budget might be marked down in history as a “Budget for jabs and jobs”, given that the emphasis was on launching a number of high-profile initiatives to try to get the country back to work and preserve jobs, with the short-term cost of the continued employment and business support schemes being a central plank of the announcements. 

Spring Budget 2021 - Extension of Self Employed Income Support Scheme

The Self Employment Income Support Scheme (SEISS) has been extended beyond May with a fifth and final instalment. Learn more about eligibility for these fourth and fifth grants

Spring Budget 2021 - Recovery Loan Scheme Announced

A new Recovery Loan Scheme (RLS) has been announced which will start on the 6th April 2021, replacing the Bounce Back Loan Scheme (BBLS) and Coronavirus Business Interruption Loan Scheme (CBILS).