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Who Does 'Making Tax Digital' Apply to?

Making Tax Digital requires VAT registered businesses with a taxable turnover above the VAT registration threshold (currently £85,000) to keep their records in digital form and to file their VAT returns online using a API software but who are the exemptions to this rule?

The benefits of Making Tax Digital for businesses

The benefits of Making Tax Digital for business, using a cloud based accounting system like Xero include saving time and reducing errors, ability to access your financial information in real time, anytime and from any device.

Successful six months in new refurbished Glasgow office

To mark a successful six months since acquisition, Armstrong Watson Accountants, Business and Financial Advisers presented their newly refurbished Blythswood Square office to clients and business partners at a special Gin Tasting experience on Thursday 4^th October.

The event celebrated an ambitious expansion for the firm in the city, following the acquisition of the former Haines Watts practice in February, and also highlighted Armstrong Watson’s continued investment in their Glasgow operation. 

UK Manufacturing – is Intention Disconnected from Action?

Innovation should be at the top of every manufacturing leaders agenda, to maximize opportunities and guard against the risk presented by a lack of innovation. According to the NatWest report, only 15% of companies put innovation at the top of the agenda, while 54% say a lack of innovation is a significant challenge that is dampening their ability to succeed.

Getting your law firm ready for sale

Are you thinking of selling your law firm? Andy answers the most common questions around minimising tax and getting your law firm ready for sale. 

Businesses Facilitating Tax Evasion Face Criminal Prosecution

The Criminal Finances Act (‘CFA’), which came into force in April 2017, provides HMRC with significant new powers to target businesses that facilitate tax evasion.

The End is Nigh for Shoe Box Accounting

Making Tax Digital (MTD) comes into effect on 1st April 2019 and will see an end to 'shoe box' accounting. A cloud accounting package can help ensure you are compliant.

Is Retail in crisis?

Is Retail in Crisis? 2018 has seen many retail failures including House of Fraser, Debenhams and Toys R Us. How will the current retail environment affect other retail businesses and their supply chain?

Planning for the Future: Succession or Sale

The final event in this year’s Business Owners and Leaders Forum series takes place at Carlisle Racecourse on November 1^st and will focus on ‘planning to let go’.

With over a quarter of the business owners who responded to our Family Business Survey declaring that they plan to exit their business within the next 5 to 10 years, we will look at the variety of options available and discuss why it’s imperative to plan ahead.

Tax issues for Residential Landlords

There are many tax changes that landlords need to be aware of including Income Tax, Capital Gains Tax, Stamp Duty Tax