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By Brian Rudkin

15th May 2024

Family Business Report 2024: NMW increase may negatively impact more than 50% of businesses

Armstrong Watson’s latest Family Owned, Privately Owned and Owner-managed Business Survey found that more than half of those surveyed believed April’s NMW changes will have a negative impact on their business, and 11% significantly so.

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By Andy Poole

10th May 2024

Is it worth being a partner in a law firm?

Legal Sector Partner, Andy Poole asks is it worth being a partner in a law firm? 

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By Andrew Robinson

7th May 2024

Family Business Report 2024: Farmers concerned about inflation and cashflow feel under pressure to adapt

This was one of the key findings from Armstrong Watson's latest survey, which also asked the agricultural sector about challenges impacting growth, how they are adapting to the evolving digital world, and about their plans for succession. 

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By Andrew Robinson

3rd May 2024

What does the change in basis period mean for me and my farming business?

New legislation that affects how sole traders and partnerships are taxed came into play on 6 April 2024. It means that businesses will be taxed on profits generated in a fiscal year and not those aligned to the business’s accounting year-end.

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By Steve Preston

2nd May 2024

Navigating cost challenges: Benchmarking KPIs for Automotive Dealerships in 2024

Over the last 12-18 months the automotive industry has continued to find a new normal following the massive disruption of the Covid years

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By Scott McIver

2nd May 2024

Are you subject to the Scottish 67.5% tax trap?

While Scottish income tax rates and bands mean lower earners pay less tax than those in other parts of the UK, high earners, could be paying up to 67.5% in income tax.

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By Armstrong Watson

30th April 2024

An interview with… Victoria Ritchie, HSBC’s Head of Professional Services

Andy Poole interviews Victoria Ritchie, Head of Professional Services at HSBC, to explore funding, with a particular focus on partnership capital loans and invoice discounting.

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By David Jones

30th April 2024

When should you begin planning for succession?

Many businesses do not focus on what might come next. Statistical analysis shows that 43% do not have a plan for succession and 15% of businesses don’t make it to the third generation . If there is one certainty in owner-managed businesses it’s that there will be change!

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By Armstrong Watson

30th April 2024

Armstrong Watson acquires Gibbons Accountants, Business & Financial Advisers

Armstrong Watson has further strengthened its aim to be the ‘go to’ accountancy firm for family and owner-managed businesses across the North of England following the acquisition of successful, long-standing West Cumbrian practice Gibbons Accountants, Business and Financial Advisers.

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By Douglas Russell

29th April 2024

How can Scottish businesses navigate income tax challenges to attract and retain talent?

Whilst business owners can’t influence Scottish tax bandings, it does mean you may need to consider implementing new strategies to attract and retain talent, as well as ways to minimise employees' tax liabilities.

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