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By Dan Cozens

22nd May 2024

Early tax returns - file ahead of the Self Assessment deadline

It is never too early to complete your self-assessment tax return. In fact, as soon as the tax year ends you can submit your tax return. Leaving it until the last minute can lead to increased stress and anxiety, errors and omissions not to mention potential delays and penalties.

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By Ed Connell

21st May 2024

What is a pre-pack administration and would it be appropriate for my company?

The administration process is designed to protect a company from creditor pressure, in order for a licensed insolvency practitioner to consider whether it is possible to achieve a better return for creditors than would be likely if the company were to be wound up.

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By Graham Poles

15th May 2024

Selling a second property? Changes to Capital Gain Tax might impact you

Capital Gains Tax (CGT) has been in the spotlight recently due to changes in the tax-free allowances as well as updates to the rates of taxation of certain assets. Over the last couple of tax years, these changes have been drip-fed to individuals however, looking at where these allowances were two years ago, the changes are quite dramatic.

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By Brian Rudkin

15th May 2024

Family Business Report 2024: NMW increase may negatively impact more than 50% of businesses

Armstrong Watson’s latest Family Owned, Privately Owned and Owner-managed Business Survey found that more than half of those surveyed believed April’s NMW changes will have a negative impact on their business, and 11% significantly so.

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By Andy Poole

10th May 2024

Is it worth being a partner in a law firm?

Legal Sector Partner, Andy Poole asks is it worth being a partner in a law firm? 

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By Andrew Robinson

7th May 2024

Family Business Report 2024: Farmers concerned about inflation and cashflow feel under pressure to adapt

This was one of the key findings from Armstrong Watson's latest survey, which also asked the agricultural sector about challenges impacting growth, how they are adapting to the evolving digital world, and about their plans for succession. 

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By Andrew Robinson

3rd May 2024

What does the change in basis period mean for me and my farming business?

New legislation that affects how sole traders and partnerships are taxed came into play on 6 April 2024. It means that businesses will be taxed on profits generated in a fiscal year and not those aligned to the business’s accounting year-end.

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By Keith Johnston

2nd May 2024

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

With changes to National Insurance Contributions (NIC) now in play, along with a change to the basis period and increased rates of Corporation Tax, farmers may be faced with the dilemma of what is the most appropriate and tax-efficient way to structure their business.

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By Steve Preston

2nd May 2024

Navigating cost challenges: Benchmarking KPIs for Automotive Dealerships in 2024

Over the last 12-18 months the automotive industry has continued to find a new normal following the massive disruption of the Covid years

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By Scott McIver

2nd May 2024

Are you subject to the Scottish 67.5% tax trap?

While Scottish income tax rates and bands mean lower earners pay less tax than those in other parts of the UK, high earners, could be paying up to 67.5% in income tax.

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