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By Armstrong Watson

13th April 2017

Making Tax Digital – are you ready for the biggest change to business administration since VAT?

In the Budget in March 2015, the then Chancellor George Osborne announced that the annual Self Assessment Tax Return was going to be abolished, and individuals and businesses were being brought into the digital age with ’Making Tax Digital’. This has been described as the biggest change to business administration since the introduction of VAT in 1973. Instead of completing an annual Self Assessment Tax Return, information will be submitted to H M Revenue and Customs (HMRC) via a ‘Personal Tax Account’ throughout the year.

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By Richard Andrew

7th March 2017

Preparing for Making Tax Digital with Xero

Today, we announced jointly with Xero, the migration of several thousand internal clients from Sage onto Xero’s online platform in readiness for the roll-out of HMRC’s new Making Tax Digital rules which come into effect in 2018. The migration confirms our status as Xero’s largest UK accounting partner and one of the UK’s most digitally progressive firms.

The incentive for our uptake of online accounting software was also driven by a need to invest inour future and also to future-proof our clients’ businesses.

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Independent Retailers

By Armstrong Watson

20th January 2016

Seven key performance indicators retailers should measure to be more profitable

As an advisor to independent retail businesses across Cumbria, I’m often asked if there are ways to be more profitable in an industry savaged by the online world. There is no magic solution to this but what successful retailers have in common is that they use the information they have within their business to help them make better more informed decisions. This in turn helps them make a better return on their business.

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