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Cautionary Advice if Applying for Delay in Filing Accounts

The Government in conjunction with Companies House have announced that the filing deadline for company accounts can be extended with prior agreement by 3 months, but act with caution...

The Agriculture Bill - What we know so far

Agriculture Bill 2020 summary from Andrew Robinson, Head of Agriculture.

Welcome to David Cousins who joins Skipton as Accounting Director

We are delighted to announce that David Cousins has joined Armstrong Watson Skipton team as Accounting Director.

David will play an important role in the development of Armstrong Watson’s services to family and owner managed businesses throughout North Yorkshire.

AAT Ranking as 'Top Five Place to Kick-Start your Career'

AAT student magazine 20 ranked Armstrong Watson as one of the top 5 small firms in the UK in which to launch your career in accountancy.

Top 10 wackiest tax return excuses and expense claims

HMRC unveils it's top 10 weirdest excuses for late tax returns and expense claims.

What’s ahead for farm tax in 2020?

Upcoming tax changes announced for the year impacting farming businesses

Understand your accounts and Cashflow

Lack of cash is usually the number one factor affecting a farming business not lack of profit.

VAT Pitfalls For Your Farming Business

When VAT was introduced in the 1970s it was described as a “simple tax”. For many farming businesses this may be the case, as all income is zero rated sales of crops and animals, which entitles all the VAT on related costs to be reclaimed.

However there are many instances where modern diversified businesses have VAT issues – either having to pay over VAT on some of their income or not being able to reclaim VAT on all their expenses.

Managing your Agricultural Business in a Changing Environment

Managing your Agricultural Business in a Changing Environment with guest speakers Robert Craig of Peepy Farm Northumberland and Adam Day, Managing Director of The Farmer Network.

Beware of these Inheritance Tax pitfalls

There are many cases where HM Revenue and Customs (HMRC) have argued that part of a farming business is chargeable to Inheritance Tax (IHT). It is dangerous to assume that 100% Agricultural Property Relief (APR) or Business Property Relief (BPR) will apply to every asset in a modern farming business.

The key here is to look at the differences between APR and BPR: