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By Becky Bowness

15th October 2024

Autumn Budget 2024: Will the Chancellor stimulate growth in the UK economy?

Ahead of the Autumn Budget there are pessimistic outlooks on the economy and warnings of a huge “black hole" to be funded. Labour’s manifesto stated there will be no increase in National Insurance, income tax rates or VAT and there has been a subsequent commitment corporation tax will be capped at the current rate. Given these commitments, where is there left to go to fill the deficit?

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By Becky Fraser

10th October 2024

Tax changes for furnished holiday letting owners and businesses

Current tax perks a furnished holiday let (FHL) property has over a standard UK or overseas property business are set be lost, and income from these properties will be treated the same as a long-term let. This will have a significant impact on those who have invested in short-term property letting, either as an individual or as a business.

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By Armstrong Watson

7th October 2024

6 common SRA Accounts Rules breaches

The SRA Account Rules were revised in 2019 but there are some common breaches we see. Sadie Archibald, Legal Sector Audit Team Assistant Manager, looks at how these breaches can be managed internally. 

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By Steve Williams

7th October 2024

Mitigating the impact of VAT on private school fees: what are schools’ options?

The new VAT legislation on private school fees, due to apply from 1st January 2025, presents many challenges and it is vital that schools carefully consider their options, including some highlighted here. 

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By James Fraser

3rd October 2024

Autumn Budget 2024: Is good news on the horizon?

The Government has painted a very gloomy outlook for the UK, with announcements that there will be some pain coming in the Budget but the Budget needs to provide some good news to stimulate growth. 

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By Armstrong Watson

2nd October 2024

Armstrong Watson welcomes new Partner in Glasgow

Armstrong Watson is delighted to announce the appointment of new Partner Craig Reid, who will head up the Accounting and Business Services team in Glasgow.

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By Karen Thomson

25th September 2024

6 reasons to outsource your payroll

Outsourcing your payroll can bring many benefits to your business. Not only will it free up in-house staff to focus on core business activities and strategic tasks, but it can provide added peace of mind that the process is streamlined and compliant with ever-changing payroll legislation.

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By Justin Rourke

25th September 2024

Speculation mounting ahead of 2024 Autumn Budget

Ahead of Labour’s first budget, speculation in many news reports has gathered pace - suggesting that it could be especially grim -  and Rachel Reeves, Chancellor of the Exchequer, has now laid the groundwork to ensure we won’t be surprised by tax hikes. 

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By Hayley Towlson

19th September 2024

Business protection: safeguard your most valuable assets

Safeguarding your business’s key assets is vital to ensure you are protected in the face of unforeseen events. Business protection is not just about securing physical assets or intellectual property; it’s about protecting the very people who drive the business forward.

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By Emma Copley

19th September 2024

How does the reduction in CGT exemption affect your investments?

Previously, individuals could realise gains up to £12,300 without incurring any Capital Gains Tax. With the exemption now at £3,000, more investors will find themselves liable for CGT on gains that would have previously been exempt.

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