Expenses necessary to operate a farm are generally deductible business expenses, however it’s important to know what costs are allowable and those that are not.
Armstrong Watson is has acquired Glasgow-based accountancy practice Parkhill Mackie & Co. The merger, which completed last week, will see Parkhill Mackie’s 11 staff, including Partners Linda Parkhill and Sandra Mackie join Armstrong Watson’s Glasgow office in Blythswood Square, where they will continue to support their clients.
The golden rule with most things in life, and management information being no exception, is that the quality of what you get out, is only ever as good as the quality you put in.
HMRC requires impacted members to use a new tool produced by them; the ‘Public Service Pension Adjustment’ calculator, along with information detailed within the RPSS, to determine whether there are any annual allowance or lifetime allowance tax charges that need to be reported to them.
The Government has published proposed new measures in the Employment Rights Bill 2024 with suggested reforms to zero-hours contracts, sick pay, leave entitlements and workers’ rights.
Ahead of the Autumn Budget there are pessimistic outlooks on the economy and warnings of a huge “black hole" to be funded. Labour’s manifesto stated there will be no increase in National Insurance, income tax rates or VAT and there has been a subsequent commitment corporation tax will be capped at the current rate. Given these commitments, where is there left to go to fill the deficit?
The SRA Account Rules were revised in 2019 but there are some common breaches we see. Sadie Archibald, Legal Sector Audit Team Assistant Manager, looks at how these breaches can be managed internally.
The new VAT legislation on private school fees, due to apply from 1st January 2025, presents many challenges and it is vital that schools carefully consider their options, including some highlighted here.
The Government has painted a very gloomy outlook for the UK, with announcements that there will be some pain coming in the Budget but the Budget needs to provide some good news to stimulate growth.