The Office of National Statistics tell us that Inflation is at 9.1% (at the time of writing) but worse may well be to come. Here, Tom Blandford, gives five key ways to aid the survival of your business by using a more flexible pricing approach.
Hydeam Sulton Tax Partner - Head of VAT and Indirect Tax at Armstrong Watson explores the impact on the legal sector of HMRC’s change of policy on compensation and early termination payments.
Towards the end of 2021 and into the start of 2022, the Solicitors Regulatory Authority (SRA) held a consultation on proposals to increase their fining powers.
These were among the findings of the second of a recently launched quarterly legal sector survey undertaken by law firm accountants, business and financial advisers Armstrong Watson and partaken by 70 senior legal sector professionals.
Significant chargeable gains can often arise when an individual dies and the gains are crystalised, therefore, you may have a number of estates that may have overpaid income tax in the year of death of the individual.
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It is no secret that interest rates on client and office accounts have fallen to historic lows. Many law firms are now receiving 0.01% on client monies and will feel a valued income source has all but disappeared. To make matters worse, as reported by the FT Adviser in February 2021, the Bank of England has written to UK banks giving them 6 months to prepare for negative interest rates