Latest News

The Tractor or The Tax?

What are the most common methods used to reduce a tax liability? Find out what factors you need to consider before taking action.  The common solution to reduce taxable profits and therefore your tax liability is to buy some machinery that will qualify for full relief in the year of purchase (expenditure covered by the Annual Investment Allowance) so that the taxable profit is much lower than the accounting profit made - generally the higher the cost, the more tax relief you will get. 

Life and Death

Losing a loved one is a difficult enough thing to come to terms with, but if you add in the complication of the financial status quo being disrupted, the grief is compounded. Most people want to know that their loved ones are taken care of should they die, but how many have made sure that this is the case?

The Company Car of the Future

Car manufacturers are always trying to convince us of the merits of their newest innovations and the most up to date versions of their cars.  There is a lot of news about the impact of technology on the cars we drive; from in car entertainment systems, sat-navs, automation and electronic power all informing us about the cars we will have in the next 5 – 10 years.

HM Revenue & Customs’ figures suggest that there are almost 1 million company cars in the UK.  The taxation of company cars raises significant revenue for the Government.  What will the future company car be like?

Find out your hotel occupancy rates compare in our latest 2018 report?

Our new hospitality occupancy benchmarking report for hotels based in the North of England and Scotland has recently been released.

Our report focuses on the trends in six distinct regions across the North, Scotland, Carlisle, The Lake District, The North East, Leeds & Bradford and Harrogate & York. This allows you to focus on regional trends applicable to your business alongside wider movements affecting the industry as a whole. As our report makes clear, the UK hospitality industry continues to face a time of uncertainty, but also of great opportunity.

Armstrong Watson Welcomes New Partner to Head-up Healthcare

Morag Miller has joined Armstrong Watson LLP, Accountants, Business and Financial Advisers to head up the firm’s Healthcare sector.

Based at their Leeds office, Morag joins Armstrong Watson from BDO and has taken up the role of Partner, bringing with her team members Anna-Marie Burke and Andrea Burnett.

Morag has extensive experience within the medical sector, having worked with NHS organisations (primary and secondary care) and latterly, GPs, providing compliance, advisory and consultancy services.

Armstrong Watson Acquires Haines Watts Glasgow Office

Armstrong Watson, Accountants, Business and Financial Advisers have acquired Haines Watts Glasgow office as part of their plans to expand the business across Scotland and the North of England.

What is the right staffing cost for your business?

After sitting with the Board of DIrectors for a maunfacturing client, reviewing their monthly managment accounts, Tony challenged them on what was the right salary cost for their business? This lead to a review which uncovered some interesting conclusions.

Mike Kienlen Welcomed as Chairman

Mike Keinlen has been appointed Chairman of Armstrong Watson LLP. With 13 years experience at the firm as Partner in the Restructuring, Recovery and Insolvency service line and joining the managment board in 2007, Mike is delighted to be taking on the new role. 

Will European Trade after Brexit Remain Simple?

Trade between the EU and the UK is fairly straightforward at present.  UK companies and those from other member states simply provide their customers or suppliers with their EU VAT numbers and the VAT is generally accounted for by the member state where the goods are sent to.

The EU VAT number is the same as a UK VAT number with the addition of “GB” in front of the number.  This denotes that the number is a UK VAT number but can be used and is recognised throughout the EU.

Making Tax Digital – a New Year resolution for 2019!

HMRC is introducing a fundamental change to the way in which VAT returns are being submitted from April 2019.  Are you ready for Making Tax Digital in April?