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When is the right time to wind-up your business?

Company insolvencies in England and Wales reached a 13-year high in 2022. This was 57% more than in 2021 and was largely driven by record numbers of Creditor Voluntary Liquidations (CVLs), accounting for 85% of all company insolvencies last year.

How Basic Payment Scheme payments can impact your tax bill

While it can be complicated, there are two accounting policies for the recognition of BPS payments for tax purposes.

Tax Changes for Unincorporated Entities: Change in the Basis Period

The changes may result in significant tax balances through the transitional period, so it pays to plan ahead and be prepared for the change. To ‘fail to plan’ is to ‘plan to fail’!

Tough times for estate agents

Despite UK house prices stabilising at the start of 2023 – after significant monthly falls in November and December last year -  estate agents are continuing to face challenges.

Armstrong Watson supports vital work of farming mental health and safety charity Yellow Wellies

Armstrong Watson has shown support for a charity that champions farm safety and mental health for the farming community.

Companies House reform will lead to significant changes for businesses

Companies could soon see changes to the way they file their accounts as part of incoming legislation to help tackle money laundering and other illicit activity.

Basis Period Reform – what does it mean for my farm business

Farm businesses could face higher tax bills in 2025 as a result of changes being introduced by HMRC.

Armstrong Watson announces Association of Apprentices partnership and celebrates its rising stars during National Apprenticeship Week 2023

Armstrong Watson has strengthened its commitment to providing top-class apprenticeships for young people by partnering with the Association of Apprentices (AoA).

Energy Bills Discount Scheme provides further support for businesses

A new scheme to help businesses with their energy bills is set to be introduced.

On 9 January 2023, the Government confirmed the Energy Bills Discount Scheme (EBDS) will come into force from 1 April 2023 and will run through to 31 March 2024.

5 tips to prepare your business for the challenges of inflation

2023 looks as though it is going to be another year of high inflation. The Office for Budget Responsibility (OBR), which advises the government on its economic plans, forecasts that the Consumer Price Index (CPI) inflation for 2023 as a whole will be 7.4%, down from 9.1% in 2022, but far from the Bank of England’s target of 2%.