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By Kerry Chaloner

22nd August 2022

Can pensions be a tax-efficient way of passing on your wealth?

Pension legislation dramatically changed back in 2015. Gone are the days where your pension savings automatically die with you or your spouse/civil partner.

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By Daryl Warwick

19th August 2022

My Company is in financial difficulties – How can I protect my employees?

High levels of inflation are causing many problems for business owners. Statistics from the Insolvency Service show insolvencies hit 1,827 in July, 67% higher than in 2021. A growing number of directors seemingly believe current economic conditions make survival impossible.

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car-dealership

By Armstrong Watson

19th August 2022

Money laundering and motor dealers – minimising your risk

A successful prosecution by the authorities revealed that he had utilised his second-hand car dealership and other business interests to launder the proceeds of his extensive criminal activities.

 

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By Armstrong Watson

18th August 2022

Armstrong Watson named in top 100 Apprenticeship Employers in the UK

Armstrong Watson, Accountants, Business and Financial Advisers has been recognised amongst the country’s most outstanding apprenticeship employers for 2022 by the Department of Education.

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By Armstrong Watson

18th August 2022

HMRC Approved Mileage Rates – do they pay their way?

Rising fuel costs affect everyone, but for the motor industry they have an immediate daily impact on both direct costs and your employees.

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By Armstrong Watson

10th August 2022

Motor dealers alerted to new method for disclosing VAT errors

It is inevitable with the number of transactions taking place within a motor dealership that some VAT errors will occur. It would be reasonable to suggest, if you identify these without HMRC intervention, it shows that your control procedures are working as intended. Once an error is identified however, to minimise the chance of penalties being applied, it is essential you manage it correctly.

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By Amanda Heys

9th August 2022

Building a secure financial future: The importance of early pension savings for younger workers

Many younger people now rely on the bank of Mum and Dad to help get them on the housing ladder. As well as being a useful source of funds, they may also have some important life lessons to impart when it comes to saving towards a more secure financial future.

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Child donating to charity

By Hydeam Sulton

4th August 2022

Warning for Not for Profits as HMRC makes changes to criteria of ‘what is a business activity’

HMRC has changed how it now approaches determining whether or not an activity is a business activity. Hydeam Sulton explains what this means for charities, not for profits and providers of nursery and creche facilities.

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By Hydeam Sulton

4th August 2022

Making Tax Digital Compliance checks: How to avoid penalties

HMRC have published a new factsheet which sets out the penalties that may be imposed for failing to comply with Making Tax Digital  (MTD) for VAT requirements. Here, our Head of VAT & Indirect Tax, Hydeam Sulton, describes the penalties and how you can avoid them. 

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By Becky Bowness

4th August 2022

Research and Development (R&D) tax relief reform

Here Becky Bowness, Partner and Head of Tax, explains how the mechanics of Research and Development (R&D) tax relief is due to change, including extending the range of qualifying expenditure, a refocus on inward innovation and enhanced claim management using digital input.

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