Latest News

Brexit – What will it mean for VAT?

There are still many uncertainties about what form Brexit will actually take, but given Theresa May’s pledge to invoke Article 50 by the end of March 2017, it is worth contemplating what impact it will have on the UK’s existing tax system.

It is expected that VAT, as a European Union legislated tax, will be affected most.  The UK introduced VAT in 1973 as a requirement to us joining what was then  the European Common Market and operation of VAT is a mandatory requirement for all member states of the EU.

Our Trainee Chartered Accountant Programme - What our trainees think

As 2016 draws to a close, we thought we'd take a look at what some of our Trainee Chartered Accountants say about our Chartered Programme.  

In 2017, we continue to plan and shape for our future and we are looking to recruit the best Trainee Chartered Accountants out there.  So if you think you can help us shape our future and that of our clients we really want to hear from you!

Read what our trainees say...

Karen Thomson wins highest accolade ‘Payroll Professional of the Year’ award at National IAB awards

Armstrong Watson’s Payroll and Employee services team is celebrating after Director Karen Thomson was selected to win one of the highest accolades in the profession – ‘Payroll Professional of the Year’ at the national International Association of Bookkeepers (IAB) International Business and Skills Awards, which took place this month at the House of Commons.

The awards recognise the very best individuals in the industry, celebrating dedication and success. Sponsored by the Chartered Institute of Payroll Professionals (CIPP), the awards are a cornerstone event in the sector. 

Tax self assessment - Have you completed yours?

With the Christmas decorations now firmly stored away and thoughts of the year ahead occupying our minds, January can mean only one thing if you work in Tax; Self-Assessment deadline!  If you haven’t yet submitted your 2015/16 Tax Return the clock is ticking and leaving it to last minute can be costly.

The deadline for submitting a paper return passed on 31 October 2016, so the only option now is to submit online. Therefore if you haven’t already done so you need to file your return online by 31 January 2017.

Training to become a Chartered Accountant

We continue to plan our future and therefore we are looking to recruit the best Trainee Chartered Accountants out there for 2017.

Training with us will challenge and stretch you, you will learn the value of detail and appreciate the value of understanding the bigger picture. Your investment in time, focus and energy will lead to the prized ACA qualification and the start of a valued career path.

I have changed job; now what?

Last month I talked about the considerations on whether or not to change your job. This time the focus is  “what now” after taking the plunge.
I can speak from experience on all the emotions you will now encounter...

Changes for Fundraising Charities

You may have heard about some significant changes in the charity sector.  In July 2016 The Fundraising Regulator (FR) took over responsibility for the Code of Fundraising Practice.  The code sets standards and promotes good practice and compliance in the sector.  The FR is responsible for keeping the code up to date and investigating complaints against fundraising charities.

Macmillan Coffee Morning Cheque Handover

This morning Audit and Assurance Director Karen Rae presented Sue MacDonald, the Fundraising Manager for Macmillan in Cumbria, with a cheque for £1504 following a hugely successful firm-wide Macmillan Coffee Morning. 

Karen said:
‘I am delighted to be handing over this cheque to Macmillan. Each year we get behind the coffee morning as a firm and it’s fantastic , that together, we can raise such a significant amount to help with the valuable work that Macmillian do.’ 

Specialist vehicle manufacturer back on the road

The business and assets of Penman Engineering Limited, the Dumfries based developer and manufacturer of specialist vehicles which entered administration on 31 August 2016, has been sold to the directors of Martin Williams (Hull) Limited – a company specialising in build, repair, maintenance, refurbishment and hire of vehicles.

M&A: The wave before a crash?

If Donald Trump’s improbable victory and the EU referendum has taught us anything (other than the ineffectiveness of prediction polls) it’s that things are ever changing.

Despite a backdrop of global instability, the number of completed merger and acquisition deals is not indicative of a crashing, or even wavering market.