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By Douglas Russell

19th December 2023

The Scottish Budget: Tax Rises for Higher Earners 

High earners in Scotland will now pay up to 5% more tax than those earning the same amount in the rest of the UK. What does this mean for individuals and businesses? 

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shop owner selling online

By Graham Poles

14th December 2023

New data sharing rules to help HMRC tackle non-compliance

HMRC will have a new set of powers from the 1 January 2024 that will require digital platforms to supply the details of individuals who are providing services or selling goods including those who operate small businesses, second-hand sellers, freelances, delivery drivers, taxi drivers and property owners.

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By Armstrong Watson

10th December 2023

How businesses can survive and thrive in the digital age

Digital technology is crucial for businesses to succeed, however many are struggling to adapt to the digital world, which can cost money. Here, Andrew Hemmingway, looks at how you and your business can survive and thrive in the digital age...

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By Dan Cozens

5th December 2023

When is the best time to think about succession planning?

Succession planning is a vital process for any agricultural business to ensure the business continues to be successful for the younger generation, whilst allowing the current owners the ability to step back. But when should you be starting to think about putting a plan in place?

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By Armstrong Watson

2nd December 2023

Optimising partner capital and lock-up in professional firms

Partners of professional firms need to be thinking about lock-up management all the time, not just as they head for retirement. 

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By Armstrong Watson

29th November 2023

The Autumn statement - Impact on farm businesses

While there was little of specific interest for agriculture in the recent Autumn Statement, there were some announcements in the Chancellor’s raft of new measures that may impact farm businesses. In other areas – notably Inheritance Tax - (IHT) announcements that were speculated did not materialise.

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By Scott McIver

23rd November 2023

Autumn Statement 2023 - How does this impact Scottish taxpayers?

The main headline from the Autumn Statement was the announcement that the Government will reduce National Insurance Contributions for both the employed and self-employed.

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By Graham Poles

22nd November 2023

Autumn Statement 2023 - Announcements for small businesses

The big news around the Autumn Statement was the cuts to National Insurance (NI), which impacts both employees through their class 1 contributions but also the self-employed.  The Chancellor recognised the important work undertaken by the self-employed and wanted to simply the tax system for them.

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By Becky Bowness

22nd November 2023

Autumn Statement 2023 - Head of Tax Initial Reaction

Jeremy Hunt has delivered an Autumn Statement he said will grow the economy and back British businesses, but while many of the fiscal plans announced seem generous, businesses may still see increased financial pressure in 2024.

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By David Threlkeld

16th November 2023

£1.6m IHT tax dispute highlights complexities of reliefs for farm businesses

It can be dangerous to assume that all the assets owned by a farming family will be exempt from Inheritance Tax (IHT). Here we look at a recent tax tribunal in which £1.6m of IHT was at stake and the family concerned were denied their claim for Business Property Relief. 

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