Latest News

Xero User News - Postponed VAT Accounting

From 1^st January 2021, all VAT registered businesses that import goods into the UK from anywhere in the world have been able to use postponed VAT Accounting.  This provides the option to account for the VAT charge and recovery on the same VAT return, and even applies if your business was already importing goods into the UK.  

Armstrong Watson acquires North East accountancy firm

Armstrong Watson has strengthened its aim to be the 'go to' accountancy firm for family and owner-managed businesses across the north now that it has acquired another successful, long-standing North East practice. 

Hexham-based accountancy firm Patricia J Arnold & Co has found the perfect match in Armstrong Watson as a business that will continue to provide a personalised service for its clients.

Xero User News - How you submit your VAT return is changing

If your taxable turnover is over £85,000 then you should by now have signed up to Making Tax Digital (MTD) and be submitting your VAT figures using the MTD VAT return in Xero or other compatible software.

Xero User News - Check and Update your Xero Connection to HMRC VAT

Under Making Tax Digital (MTD) businesses need to grant permission for their accounts software providers to access their HMRC data and this permission must be updated every 18 months.

Xero User News - Changes to the Construction Industry Scheme – Domestic reverse VAT charge

After being postponed twice, 1st March 2021 finally sees the introduction of the domestic reverse charge on building and construction services. 

Proud to announce our new office in Newcastle’s City Quadrant

We're delighted with our continued growth in Newcastle resulting in the expansion from our original Quayside base to a larger office in Newcastle’s City Quadrant.

Latest survey shows worrying results for UK Hospitality Businesses

Over 350 business owners in the UK hospitality sector participated in our latest survey, with worrying results showing that 37% of business owners are considering closure or selling their business.

OCR Automation and the Death of Data Entry

Optical Character Recognition (OCR) software is linked in to your accounts software which comes with many time saving benefits...

Rishi's plans to help Britain bounce back targets Hospitality sector

Rishi Sunak delivered his £30bn package of measures aimed at supporting, creating and protecting jobs, with some specifically targeted boosts for the hospitality sector

Evolution and Change - The Future of Accountancy Firms

Is it time a structural change and evolution for accountancy firms? Simon Turner finds out...