There's many questions to ask when considering becoming a partner in a law firm, especially about the financial aspects. How can I work out the financial returns? Are there risks? Andy Poole, Legal Sector Partner, answer some of those FAQs.
I was interviewed by LawFirmAmbition about the most common questions surrounding the topic of becoming a partner in a law firm. The questions below focus on the capital you are asked to contribute and what is expected of you as a partner. You can read the answers to previous questions here.
The new Charity Statement of Recommended Practice (SORP) has now been published and will take effect for accounting periods starting on or after 1 January 2026. For many organisations in the sector that have March year ends, this means the changes will first apply to accounts prepared in 2027, and charities will need to ensure they are ready.
Proposed changes to increase audit thresholds for charities in England and Wales have moved a step closer, meaning fewer charities will require a full audit and could elect to move to an independent examination.
Research by Armstrong Watson has highlighted significant challenges facing family-owned and owner-managed construction businesses, as the sector experiences the highest insolvency rates of any UK industry.
Armstrong Watson is delighted to announce the appointment of Jacob Proudfoot to its Hexham office, where he joins the firm’s growing Financial Planning team.
Selling or transferring agricultural land and farms can have significant tax implications, particularly concerning Capital Gains Tax (CGT) and Inheritance Tax (IHT). Following increased CGT rates and major IHT reforms announced in the 2024 Autumn Budget, and a further amendment in the 2025 Autum Budget, it is important to consider the current rates and the implication of future increases.
Mergers within the charities sector continue to rise. According to data collected by the Charities Commission, mergers have increased over the last three years.
Nasty surprises were anticipated in the 2025 Autumn Budget, with every potential UK taxpayer bracing themselves for what they felt would only be bad news.