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By Armstrong Watson

18th November 2022

Income Tax Basis Period Reforms

The Government announced a major reform to the way in which a business owner’s trading profits are allocated against the relevant tax year for income tax purposes – otherwise known as their ‘basis period.’

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By Armstrong Watson

17th November 2022

Autumn Statement 2022 - a focus on stability, but will it help buyer confidence within the automotive sector?

The verdict from a pure tax perspective is probably that it isn’t as bad as it could have been, but that goes nowhere near explaining the whole story. 

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By Armstrong Watson

17th November 2022

Autumn Statement 2022 - lacks incentives for business owners

Having recently written an article of the now infamous “mini budget” in which I talked about it being very much a budget favouring business, this Autumn Statement has, in stark contrast, reverted to one of increased costs and taxes for business.

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By Graham Poles

17th November 2022

Autumn Statement 2022 - Personal Taxes and Fiscal Drag

As expected, the Chancellor did not make changes to the rates of income tax, national insurance, inheritance tax or capital gains tax (CGT), but what he did do is freeze the threshold on each one of these except CGT, meaning the rates everyone is paying today will be the same rates that will apply after April next year.

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Research development

By Armstrong Watson

17th November 2022

Autumn Statement 2022 - Research & Development Tax Reliefs

After much adverse publicity in recent days and weeks around exaggerated and fraudulent R&D claims, particularly in relation to claims under the Small & Medium Enterprises (SME) scheme, the Chancellor has reacted by reducing the tax benefits potentially available through an R&D SME claim.

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Houses of parliament

By Becky Bowness

17th November 2022

Autumn Statement 2022 - Head of Tax Initial Reaction

As anticipated due to the economic deficit, Jeremy Hunt today announced measures that will see tax increases amounting to a cost to taxpayers of tens of millions of pounds.

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two business partners shaking hands

By Andy Poole

15th November 2022

So you’ve been offered an Equity Partnership – but should you accept and how will you be taxed?

Armstrong Watson has a great deal of experience in helping and advising prospective equity partners on the implications of such an appointment and whether or not to accept the offer.

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salary-sacrifice-benefits

By Helen Robinson

14th November 2022

Salary Sacrifice – Help employees make the most of take-home pay

With the ever-rising cost of living, how can employers help employees make the most of their net pay? A salary sacrifice scheme can do just that.

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MyRetirement launch

By Armstrong Watson

9th November 2022

Armstrong Watson launches new retirement brand, MyRetirement.co.uk

Armstrong Watson Financial Planning and Wealth Management – part of top 30 accountants, business and financial advisers, Armstrong Watson LLP – have announced the launch of their new retirement planning advisory brand, MyRetirement.co.uk. 

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Benchmarking report

By Armstrong Watson

3rd November 2022

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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Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited. Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is James Watson House, Montgomery Way, Rosehill, Carlisle, CA1 2UU.

MyRetirement is a trading style of Armstrong Watson Financial Planning Limited.

Armstrong Watson is a trading style of Armstrong Watson LLP, Armstrong Watson Audit Limited and Armstrong Watson Financial Planning Limited.