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By Armstrong Watson

2nd November 2023

Views of family and owner-manged business sought for Armstrong Watson’s 2023 survey

Call for family and owner-managed businesses to share their views as part of 2023 survey to help provide a vital insight into the challenges they face, aspirations they have and opportunities available.

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By Justin Rourke

2nd November 2023

New legislation aims to improve Lasting Power of Attorney system 

The process of completing a Lasting Power of Attorney (LPA) has often been considered time-consuming and confusing, but new legislation aims to modernise this process and could be a vital piece of the jigsaw when it comes to implementing a secure financial plan for you and your family.   

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By Armstrong Watson

2nd November 2023

Legal Sector Benchmarking Update – how does your law firm performance compare to others?

We act for over 100 law firms throughout the UK each year. For all our compliance clients we supply a bespoke individual benchmarking report analysing the results of their individual firm as part of our standard added value service when discussing their annual accounts. Each year we summarise the results of these practices in our annual benchmarking review which can be read here.

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By Armstrong Watson

26th October 2023

Beware – fraudsters want your money!

Following the recent news article regarding Kent, a long-established business and hairbrush supplier to the royal family, who lost £1.6 million in minutes after falling prey to authorised push payment fraud (‘APP') back in July, we look at what APP fraud is, how it could impact your business and most importantly, how you can protect your business from fraudsters. 

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By Graham Poles

22nd October 2023

The future of inheritance tax in the UK, the debate continues…

Ahead of the Autumn Statement next month, the on-going debate about the future of Inheritance Tax (IHT) continues. While it is unlikely the 40% tax charge - regarded as ‘Britain’s most hated tax’ - will be abolished anytime soon, it’s likely manifestos will promise another review, and perhaps simplification of IHT.

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By Andrew Robinson

15th October 2023

Farmers Weekly finalists demonstrate ways to replace lost BPS income

Armstrong Watson's Head of Agriculture Andrew Robinson had the honour of judging the annual Farmers Weekly Awards for a second year in a row. He explains how the winners, finalists and nominees this year demonstrated an acceptance to change and do something different to survive with reduced financial support. 

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By Armstrong Watson

12th October 2023

Corporate Finance Partner David Wilson joins Armstrong Watson 

Armstrong Watson has made a key appointment in its growing Corporate Finance team with the hire of new Partner David Wilson.

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By Armstrong Watson

11th October 2023

Funding options for management buyouts

Management buyouts (MBOs) are a popular exit route for the owners of companies, whereby the senior management team purchases the assets and operations of the business. When it comes to sourcing funding to facilitate the MBO, this can come from a variety of sources, each with its own advantages and disadvantages. 

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By Andrew Robinson

4th October 2023

BPS losses: Opportunity for farmers to save Capital Gains Tax

It is no longer necessary to hold BPS entitlements to receive payments. As a result, entitlements ceased to have any value on 16 May 2023. However, this may give farmers the opportunity to generate a Capital Gains Tax (CGT) loss which for many will result in a significant tax saving in the future.

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By Morag Miller

4th October 2023

Don’t be caught out by the change in basis period – plan ahead

From 6 April 2024, all unincorporated entities (sole traders and partnerships) will be taxed on profits generated in the fiscal year and not those aligned to the business’s accounting year-end. Planning your income and expenses now may help you manage your future tax bills.

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