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By Jonathan Lewis

20th June 2024

Family Business Report 2024: Managing cashflow and navigating growth amidst inflation

The majority of family and owner-managed businesses are concerned about inflationary pressures on costs over the next 12 months, according to the latest survey by Armstrong Watson. How will businesses look to nagivate cashflow and fund their growth? 

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By Matthew Hutton

18th June 2024

How can hospitality businesses prepare for the Tipping Act 2023

Hospitality businesses need to prepare for new rules that are due to come into force to ensure all ‘qualifying tips’ given by customers are fairly and wholly distributed to qualifying employees and agency workers.

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By David Threlkeld

13th June 2024

Will Furnished Holiday Letting tax reliefs be abolished or not?

Holiday let owners braced for increased tax bills now face a period of uncertainty about when - and if – the favourable Furnished Holiday Letting regime will be axed.

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By Richard Woolgar

29th May 2024

Family Business Report 2024: 11% of businesses embraced AI but more likely benefit without realising

Artificial Intelligence (AI) is playing an increasingly significant role in modern business operations, often without business owners even realising it.

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By Brian Rudkin

15th May 2024

Family Business Report 2024: NMW increase may negatively impact more than 50% of businesses

Armstrong Watson’s latest Family Owned, Privately Owned and Owner-managed Business Survey found that more than half of those surveyed believed April’s NMW changes will have a negative impact on their business, and 11% significantly so.

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By Andrew Robinson

7th May 2024

Family Business Report 2024: Farmers concerned about inflation and cashflow feel under pressure to adapt

This was one of the key findings from Armstrong Watson's latest survey, which also asked the agricultural sector about challenges impacting growth, how they are adapting to the evolving digital world, and about their plans for succession. 

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By Andrew Robinson

3rd May 2024

What does the change in basis period mean for me and my farming business?

New legislation that affects how sole traders and partnerships are taxed came into play on 6 April 2024. It means that businesses will be taxed on profits generated in a fiscal year and not those aligned to the business’s accounting year-end.

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By Armstrong Watson

2nd May 2024

Partnership vs company: Choosing the right structure for your farming business

With changes to National Insurance Contributions (NIC) now in play, along with a change to the basis period and increased rates of Corporation Tax, farmers may be faced with the dilemma of what is the most appropriate and tax-efficient way to structure their business.

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By David Jones

30th April 2024

When should you begin planning for succession?

Many businesses do not focus on what might come next. Statistical analysis shows that 43% do not have a plan for succession and 15% of businesses don’t make it to the third generation . If there is one certainty in owner-managed businesses it’s that there will be change!

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By Armstrong Watson

30th April 2024

Armstrong Watson acquires Gibbons Accountants, Business & Financial Advisers

Armstrong Watson has further strengthened its aim to be the ‘go to’ accountancy firm for family and owner-managed businesses across the North of England following the acquisition of successful, long-standing West Cumbrian practice Gibbons Accountants, Business and Financial Advisers.

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