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By Richard Woolgar

13th September 2022

Get to know the National Minimum Wage – the pitfalls and the penalties

This week our payroll team celebrated National Payroll Week and we thought it would be a perfect opportunity to clarify some of the specifics around the National Minimum Wage.

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By Armstrong Watson

9th September 2022

With more power, comes more responsibility - the new fining powers of the SRA

Towards the end of 2021 and into the start of 2022, the Solicitors Regulatory Authority (SRA) held a consultation on proposals to increase their fining powers. 

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By Armstrong Watson

25th August 2022

September mileage rates – more increases but don’t forget the VAT

The latest HMRC advisory fuel rates for company cars have been published this week. The rates take effect from 1 September but the old rates can be used for another month to help with the administration of mileage claims and reimbursements.

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By Kerry Chaloner

22nd August 2022

Can pensions be a tax-efficient way of passing on your wealth?

Pension legislation dramatically changed back in 2015. Gone are the days where your pension savings automatically die with you or your spouse/civil partner.

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By Daryl Warwick

19th August 2022

My Company is in financial difficulties – How can I protect my employees?

High levels of inflation are causing many problems for business owners. Statistics from the Insolvency Service show insolvencies hit 1,827 in July, 67% higher than in 2021. A growing number of directors seemingly believe current economic conditions make survival impossible.

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car-dealership

By Armstrong Watson

19th August 2022

Money laundering and motor dealers – minimising your risk

A successful prosecution by the authorities revealed that he had utilised his second-hand car dealership and other business interests to launder the proceeds of his extensive criminal activities.

 

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By Armstrong Watson

18th August 2022

Armstrong Watson named in top 100 Apprenticeship Employers in the UK

Armstrong Watson, Accountants, Business and Financial Advisers has been recognised amongst the country’s most outstanding apprenticeship employers for 2022 by the Department of Education.

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By Armstrong Watson

18th August 2022

HMRC Approved Mileage Rates – do they pay their way?

Rising fuel costs affect everyone, but for the motor industry they have an immediate daily impact on both direct costs and your employees.

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By Armstrong Watson

10th August 2022

Motor dealers alerted to new method for disclosing VAT errors

It is inevitable with the number of transactions taking place within a motor dealership that some VAT errors will occur. It would be reasonable to suggest, if you identify these without HMRC intervention, it shows that your control procedures are working as intended. Once an error is identified however, to minimise the chance of penalties being applied, it is essential you manage it correctly.

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By Amanda Heys

9th August 2022

Building a secure financial future: The importance of early pension savings for younger workers

Many younger people now rely on the bank of Mum and Dad to help get them on the housing ladder. As well as being a useful source of funds, they may also have some important life lessons to impart when it comes to saving towards a more secure financial future.

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