Latest News

Annual Investment Allowance – Timing is Everything

How will the Budget 2018 impact manufacturing businesses? Here I look at Annual Investment Allowance, Structures and Buildings Allowance, Research and Development (R&D) Tax Relief and National Minimum Wage 

Keeping hauliers on the road to success

The Road Haulage Association and the Freight Transport Association states that a “no deal” Brexit could cause problems for the transport industry but the low profit margins and competitive market is what really causes concern, leading business owners to reduce their prices to maintain customers. 

Armstrong Watson appointed Administrators for SafeGlaze UK as it's placed into Administration

Armstrong Watson is appointed as Administrators for Niamac Developments (trading as SafeGlaze UK).  Rob Adamson, Mike Kienlen and Mark Ranson, Insolvency Practitioners at Armstrong Watson LLP, were appointed as Joint Administrators.

David Hush Promoted to Director

David Hush has been promoted to the position of Director within Armstrong Watson LLP’s Restructuring Recovery and Insolvency team. David has over 18 years of debt advisory and personal insolvency experience and moved to Armstrong Watson in 2015 from a large national firm of accountants to set up the firm’s national creditor services offering.

HMRC changes for farming businesses

HMRC have made changes to how farming businesses submit information to tax autrhorities and how those returns are checked and enquired into.

The sales process when selling your law firm

I was interviewed recently by Law Firm Ambition about my views on the most common questions I see around selling a law firm. Below I answer questions around the sales process and negotiation when selling a law firm. To see my answers to previous questions, follow these links:

Questions 1 - 5 - The basics 

The Importance of Making Tax Digital Training and a Rigorous Changeover Process

Making Tax Digital (MTD) will, for many businesses, require the implementation of new software and systems.  This can seem daunting and many such endeavours find themselves doomed to failure due to a number of common mistakes.  Avoid these pitfalls though and changing systems can bring efficiencies and revolutionise your business.

Prepare for Making Tax Digital and Cut Your Bookkeeping Time

Making Tax Digital for VAT means that every purchase invoice has to be recorded individually and the VAT Return will also need to be submitted via digital API enabled accounting software, find out how to streamline your bookingkeeping.

Who Does 'Making Tax Digital' Apply to?

Making Tax Digital requires VAT registered businesses with a taxable turnover above the VAT registration threshold (currently £85,000) to keep their records in digital form and to file their VAT returns online using a API software but who are the exemptions to this rule?

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.