Latest News

Pre-year-end planning for limited companies

As your company year-end approaches there are some considerations you should make and this will depend on what you are aiming to achieve.

Views of family and owner-manged business sought for Armstrong Watson’s 2023 survey

Call for family and owner-managed businesses to share their views as part of 2023 survey to help provide a vital insight into the challenges they face, aspirations they have and opportunities available.

Six tips for a successful business expansion

Every business looking to expand needs to have a detailed vision of what it wants to achieve – whether this is expanding into new markets, attracting new customers, developing new products or services, or acquiring another business.

To do this successfully there are a few things to consider:

Airbnb tax probe: have you paid the correct tax on your holiday let income?

Airbnb and holiday letting landlords who fail to pay the correct income tax will face scrutiny from HMRC and in certain cases could face prosecution and penalties of up to 30% of the tax owed. Have you paid the correct tax on your holiday let income?

7 tips to help your hospitality business through the summer season

With the holiday season now revving up, how can business owners in the hospitality sector tap into the increased voracity for socialising when faced with pressing challenges like the cost of living crisis? 

When is the right time to wind-up your business?

Company insolvencies in England and Wales reached a 13-year high in 2022. This was 57% more than in 2021 and was largely driven by record numbers of Creditor Voluntary Liquidations (CVLs), accounting for 85% of all company insolvencies last year.

Tax Changes for Unincorporated Entities: Change in the Basis Period

The changes may result in significant tax balances through the transitional period, so it pays to plan ahead and be prepared for the change. To ‘fail to plan’ is to ‘plan to fail’!

Companies House reform will lead to significant changes for businesses

Companies could soon see changes to the way they file their accounts as part of incoming legislation to help tackle money laundering and other illicit activity.

Energy Bills Discount Scheme provides further support for businesses

A new scheme to help businesses with their energy bills is set to be introduced.

On 9 January 2023, the Government confirmed the Energy Bills Discount Scheme (EBDS) will come into force from 1 April 2023 and will run through to 31 March 2024.

5 tips to prepare your business for the challenges of inflation

2023 looks as though it is going to be another year of high inflation. The Office for Budget Responsibility (OBR), which advises the government on its economic plans, forecasts that the Consumer Price Index (CPI) inflation for 2023 as a whole will be 7.4%, down from 9.1% in 2022, but far from the Bank of England’s target of 2%.