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accountancy firm

By Huw Nicholls

16th December 2025

How will the revised LLPs SORP affect your business?

New accounting changes are set to be introduced for LLPs in 2026 following the publication of the latest Statement of Recommended Practice – Accounting by Limited Liability Partnerships (LLPs SORP).

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Cyber security laptop

By Rebecca Wilson

16th December 2025

Growing cybercrime threat to UK Charities

Charities face an escalating cyber threat that is becoming impossible to ignore. According to the UK Government’s Cyber Security Breaches Survey 2025, 30% of charities experienced a cyber breach or attack in the past year, which equates to around 61,000 organisations. These incidents are not isolated; they represent a persistent risk that threatens financial stability, reputation, and operational capacity.

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By Dan Cozens

15th December 2025

Partnership vs company: Choosing the right structure for your farming business

Whether you decide to operate your farm business as a partnership or company will depend on many factors, but the 2025 Budget has introduced further changes, meaning it’s worth reviewing your current structure and taking family succession plans into account.

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suvey and pen

By Becky Fraser

15th December 2025

LLP Salaried Member Rules

HMRC has recently issued surveys in collaboration with IFF Research, to randomly selected LLP members, regarding the taxation of Limited Liability Partnerships (LLPs).

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cows in a field

By Dan Cozens

10th December 2025

Update to upcoming Inheritance Tax rules following the 2025 Budget

While many farming families hoped the 2025 Budget would offer a glimmer of hope - following a year of protests and lobbying to scrap the Inheritance Tax (IHT) reforms announced last November - the Chancellor delivered limited relief on a sector that is facing mounting pressure.

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Electric vehicle charging

By Armstrong Watson

10th December 2025

The Impact of the Budget on the Electric Vehicle Market

As expected, the 2025 Budget will have a wide-ranging impact on businesses and individuals all over the UK. One area where the Government is to implement significant changes, is the electric vehicle (EV) sector. From April 2028, notable changes will take place, affecting both car owners, prospective customers, and retailers.

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scottish-tax

By Douglas Russell

10th December 2025

What does the UK Budget mean for Scottish taxpayers?

As widely expected, the 2025 Budget confirmed income tax thresholds will be frozen beyond April 2028 for a further three years until April 2031.

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HLT article

By Matthew Hutton

10th December 2025

No financial respite for the Hospitality, Leisure & Tourism Sector

The recent Budget provided little to no relief to hospitality, leisure and tourism businesses - a sector battling relentless increases to costs, wages and taxes, compounded by falling disposable income levels among consumers.

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By Bianca Chibanda

9th December 2025

4 strategies to help reduce your Inheritance Tax liability

The number of estates faced with paying Inheritance Tax (IHT) is likely to continue to rise, as the nil-rate bands – the amount you’re permitted to inherit without paying Inheritance Tax – remain frozen until at least 2031.

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By Andy Poole

9th December 2025

Becoming a Partner in a Law Firm: Skills and Responsibilities

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 necesary skills needed to be an effective partner as well as the levels of responsibility and obligations you may take on in your new role. You can read the answers to previous questions here: 

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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.

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