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Retirement Planning in your 50s

Retiring comfortably requires active retirement planning in your 50s.

Armstrong Watson acquires Burnetts Solicitors financial services arm

Burnetts Solicitors and Armstrong Watson are pleased to announce that Armstrong Watson has acquired the financial services business of Burnetts Solicitors. 

The deal between the two firms took effect on 1^st of September 2021. 

Succession – ‘It’s about being honest and looking at it step by step’

For many, the subject of succession can be a difficult one to approach, but it doesn’t need to be. Ulverston farmer, Will Case, shares his story.

Multi-million-pound IR35 penalties highlight need for advice

Changes to off-working payroll rules continue to cause compliance issues and with a third public body hit with a multi-million-pound penalty, businesses are urged to take advice.

Staffing and payroll considerations for hospitality businesses

Staffing shortages in the hospitality industry have not been helped by the so-called ‘pingdemic’ and while the furlough scheme has been a saving grace for many businesses in the sector, as long as it remains in place it continues to cause issues with recruitment.  

Proposed changes to accounting dates could leave some farmers facing higher tax bills

Agricultural Accountants, Armstrong Watson, is warning that farming businesses could see significant changes to the way they are taxed and may face higher tax bills than expected if a proposed reform is implemented.

VAT to consider with farm diversification

One consequence of the COVID-19 pandemic is that holidays in the UK – or “staycations” – have become more popular than ever. Here we will look at the VAT issues that should be considered as part of the planning for such a venture:

Potato store tribunal highlights complexities of capital allowances for farmers

A recent tax tribunal concerning a potato store, emphasises the complexity involved when claiming tax relief on farm buildings.

Tax problems with farm cottages

It is commonplace for farming families to have a complicated property ownership history. This can result in a position where not everybody knows who owns a particular property and for family members to be living in houses owned by someone else. It worth then considering the tax consequences that can arise.

Protect your company’s financial stability in times of uncertainty

During the pandemic the Government has provided support in the form of loan schemes. Although these loans are underwritten by the Government, in the event of a business failure resulting from the demise of a director, the debt will be repaid from business assets, potentially putting the business under financial pressure...