Latest News

#AWMoo15 - Cumberland Show

If you were at The Cumberland Show at the weekend you may well have spotted an Armstrong Watson Sterling squeezy cow around the show ground! We had hundreds to give away and asked show goers to send us their selfies with their very own Sterling using #AWMoo15. We had some really good entries, from Sterling at the wheel of one of Lloyd's brand new Range Rover Sport, to Sterling having a cheeky pint, and Sterlings being cuddled and kissed by their new owners.

Is £10,600 the most tax efficient salary for directors?

In May 2014 my colleague David Robinson wrote an extremely popular blog entitled 'Is £10,000 the most tax efficient salary for directors?’ which examined the way in which directors should remunerate themselves from their family company. In the blog, it was identified that a director could receive an additional £164 without any additional cost to the company.

Academies under pressure

Academy school budgets are currently under severe pressure with expected funding reductions, the planned increase in teachers’ pension contributions and increase in National Insurance contributions leading to school reserves being fully utilised.

Do you make electronic supplies?– Reminder of the new MOSS rules

After the change in rules for electronic supplies to non business customers came into effect on 1 January 2015, we have now reached the end of the first quarter under the new rules. There is, however concern that many suppliers of such services have failed to act on the changed requirements and are therefore accounting for VAT incorrectly.

Armstrong Watson makes the shortlist for 'Best Tax Practice' in National Awards

Armstrong Watson is delighted to announce that their tax team has been shortlisted for ‘Best Tax Practice in a Regional Firm’ at the National Taxation Awards.

These national awards recognise the best in the taxation industry, celebrating excellence and promoting the highest standards possible.

Armstrong Watson are up against five other regional firms who are spread throughout the country.

Rebecca Rayson, Taxation Awards commented:

Xero goes from strength to strength

As a Xero platinum partner covering Cumbria, Yorkshire, Northumbria and Dumfriesshire, we are moving more and more clients on to Xero with incredibly postitive feedback. However, some of our clients have held off due to some features that Xero did not offer. I'm now pleased to say that these barriers have now been removed.

What does the budget mean for the haulage and motor trade?

As I am sure you are aware, the Chancellor gave his pre election budget today, with a few mentions towards the motor industry.  In general the budget was extremely positive; the Chancellor took the time to highlight what the current government had done to help the UK economy.

One of the strap lines that will come from the budget will be get a “tenner off a tank with the Tories” which was mentioned with the announcement that the September 2015 fuel duty increase was going to be cancelled.  This is great news and will be very helpful to haulage companies.

What does the budget mean for the manufacturing industry?

As I am sure you aware, George Osbourne gave his budget today; he was extremely positive about manufacturing with the statement “Britain is walking tall again”.

He accompanied this with some facts about the UK economy such as an extremely low 5.3% level of unemployment and the fact that 1,000 jobs are being created a day (80% of which are full time), all very positive statements in advance of the election.

Along with these statements however the Chancellor did announce measures that will affect UK manufacturers:

What does the budget mean for the independent retail industry?

As I am sure you aware, George Osbourne gave his budget today; he was understanding of the struggles retailers are facing and made reference to this in his statement today.

He accompanied this with some facts about the UK economy such as an extremely low (5.3%) level of unemployment and the fact that 1,000 jobs are being created a day (80% of which are full time), all very positive statements in advance of the election.

Along with these statements however, the Chancellor did announce measures that will affect independent retailers:

NHS spending and personal allowance increase should take priority tomorrow

Results from a poll carried out by Armstrong Watson showed that local people think the government should concentrate their spending on the NHS, with 41% of respondents citing this as the top priority.

The second most popular response was 32% of respondents saying spending on big building projects, such as roads to boost the economy, should be a priority. Interestingly, schools and the armed forces came in at 16% and 11% respectively.