Latest News

Mitchell Dryers Limited – In Administration

Mitchell Dryers Limite entered into administration on Wednesday 21 September 2016. The joint administrators, Mike Kienlen, Daryl Warwick and Mark Ranson of Armstrong Watson were appointed by the directors.

Mitchell Dryers Limited is a privately owned engineering company with a history dating back to 1859.  The company has specialised in the field of industrial drying for the last 80 years, manufacturing a wide range of equipment from its premises in Carlisle, Cumbria.

Mike Kienlen comments:

Is Airbnb fuelling the housing crisis?

Thank you to Tom White, Associate, at berg who has written this article for us on Airbnb, a digital marketplace which recently came in for criticism for ‘compounding the housing crisis’.
 

MSI Case studies - A Tale of Two Cities

In the third of our series of case studies as part of MSI Awareness month we turn to the thorny issue of trusts.  Trusts are already one of the more complex areas of UK law and they don’t get any easier when cross border issues are involved.  Not all countries recognise trusts in the way that we do as they have different legal systems, making local advice essential.  This is where MSI Global really helps our clients.

A Tale of Two Cities:

Nuclear New Build – Are we ready to make the most of the opportunities?

Decarbonisation is a huge challenge and it will take a significant effort in the coming years to hit government and EU targets. The case for nuclear is strong and has a great deal of cross party support and public support. Cumbria and the North West can claim to be of international, not just national, importance due to its nuclear history and expertise and it seems that our region is set to flourish as a result.

Armstrong Watson Response to the SRA Consultation Looking to the Future: SRA Accounts Rules Review June 2016

Feedback provided to me by COFAs at the Leeds & Yorkshire COFA Forum and the Newcastle COFA Forum, by delegates at my training courses and by my clients is that they prefer to have the comfort of following prescriptive rules that are contained in one place.  They feel that whilst the draft wording of the proposed new Rules is easier to read than the old Rules, it would not be easier to comply with.

The most common response has been “if it isn’t broke, don’t fix it”.

Company Car or Private Car – which should I choose?

This is a question I am frequently asked. As you would expect, the answer is never simple.

Firstly, the decision is not purely tax driven. “Purchase price” and cash flows are just as relevant as the tax implications. Secondly, the choice of vehicle may influence the decision with emissions playing a part in the tax treatment. Thirdly, it depends on who I am advising – an employee for which the decision is based purely on their own circumstances or the business owner in which case the impact on the business matters too.

Getting your state pension forecast

This is surprisingly very easy to do and is now available online. You can check when you are entitled to claim your state pension, how much you can expect to receive, what your National Insurance (NI) record is and if you have any gaps in your record which you may want to fill.

Obtaining a state pension forecast could be more relevant to you if you reach state pension age after 6 April 2016. This is because the new State Pension (based on a single flat-rate amount) replaced the old basic State Pension and Additional State Pension system.

Armstrong Watson shortlisted for record number of awards at the National Payroll World Awards

We are delighted to announce that our Payroll and Employee Services team have been shortlisted for five separate awards at the National Payroll world Awards!

Our payroll team are finalists for the following awards:

1.    Payroll team of the year - Service/bureau providers
2.    Sophie Johnson - Payroll rising star
3.    Suzanne Gallagher - Automatic enrolment engagement of the year
4.    Toby Woodhead - Cross functional partnership award
5.    Karen Thomson - Best Leader

Celebrating MSI Month

Whether you are looking to work or do business overseas, own a holiday home or simply want to spend some time experiencing another culture, you may find some aspect of your life crosses country borders.  In terms of tax and accounts that means you need advice and support beyond the UK – which is where our membership of MSI Global Alliance comes in.

Specialist vehicle manufacturer enters administration

Penman Engineering Limited, the Dumfries based developer and manufacturer of specialist vehicles, entered administration on 31 August 2016.