Latest News

New Pillar 2 filing requirements for large businesses

Businesses with a global turnover of €750m or more could have additional registration and filing requirements in the UK – irrespective of the size of their UK presence.

Changes to lease accounting – how will this impact your financial statements? 

Businesses will soon be required to capitalise operating leases as a ‘right of use’ asset following a significant change under FRS 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland.

Compulsory purchase of land and Capital Gains Tax

Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues. 

Changes to business rates and targeted retail, hospitality and leisure support

One announcement at the 2024 Autumn Budget, that may well have slipped through the net of some businesses, is the changes to business rates. Businesses will need to ensure that their rateable value for the property is fair and updated.

Survey reveals cautious buds of optimism in business confidence  

The results of Armstrong Watson’s second Business Confidence Survey of 2025, suggest a notable shift in business sentiment amongst some clients.  

Grant funding to help identify your business’s cyber risks

Businesses in Cumbria have the opportunity to access funding that could help enhance their operations and security.

Turning 75 and the impact on tax-free cash, pension tax relief and death benefits

This age represents a significant juncture in pension legislation that affects several aspects of your retirement planning, including how your pension is managed and the tax implications associated with it.

Protect your law firm’s people 

By implementing measures such as key person insurance, shareholder agreements, and relevant life policies, you can secure your law firm’s operations, protect stakeholders, and maintain business stability and growth.

Rethinking passwords on World Password Day

World Password Day highlights the need to move beyond traditional passwords, which are often weak and vulnerable to attacks. Embracing passwordless authentication, using multi-factor authentication, and adopting secure practices like password managers and user training are key steps to strengthening digital security.

Furnished holiday letting – changes to tax

From the 6 April 2025, the tax treatment of Furnished Holiday Lets (FHL) changed. Income from these properties is now treated the same as other residential lets.

This is expected to impact 127,000 holiday let owners across the country.