Holiday let owners are set to lose favourable tax reliefs from April 2025 meaning all property income (FHLs and residential properties) will be treated the same.
Expenses necessary to operate a farm are generally deductible business expenses, however it’s important to know what costs are allowable and those that are not.
The golden rule with most things in life, and management information being no exception, is that the quality of what you get out, is only ever as good as the quality you put in.
The SRA Account Rules were revised in 2019 but there are some common breaches we see. Sadie Archibald, Legal Sector Audit Team Assistant Manager, looks at how these breaches can be managed internally.
Armstrong Watson is delighted to announce the appointment of new Partner Craig Reid, who will head up the Accounting and Business Services team in Glasgow.
Armstrong Watson has been recognised as one of the UK’s top apprenticeship employers for a third year in a row and is set to welcome more than 28 new trainees.
The legal sector is set to be heavily affected by the basis period reform which impacts self-employed partners in both standard partnerships and LLPs. But what are the tax implications and what considerations will you need to make?
Owner-managed businesses need meaningful help and support from the Government according to the Association of Practising Accountants (APA) following its latest survey.
When planning to build new farm buildings or extensions, it’s crucial to consider the tax implications and the capital allowances available. Proper planning can maximise tax relief and reduce the overall cost of the investment.