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Motor Dealerships Cross Market Report – April 2024

Following on from our 12 month overview of motor dealership performance for 2023, we are delighted to launch our new Motor Dealerships Cross Market Report for the April 2024.

Accountancy network calls for more support for owner-managed businesses

Owner-managed businesses need meaningful help and support from the Government according to the Association of Practising Accountants (APA) following its latest survey. 

Tax considerations for new farm buildings or extensions

When planning to build new farm buildings or extensions, it’s crucial to consider the tax implications and the capital allowances available. Proper planning can maximise tax relief and reduce the overall cost of the investment.

Register your trust with HMRC to avoid hefty penalties

The majority of trusts need to be registered with HMRC’s Trusts Registration Service to comply with anti-money laundering regulations. The revenue is actively tracking and looking to fine trustees for non-compliance.

Maximise value from your pension scheme audit

As a pension scheme trustee, the audit of your financial statements should be seen as an opportunity for insight and improvement, not just another tick-box chore.

The annual audit is the only regular complete overview of all the processes encompassing your scheme’s operations. This includes a review of:

Family Business Report 2024: Don’t leave business succession planning until it’s too late

The succession or sale of a business requires careful consideration and planning to ensure it can be successful for many years to come.

Speculation over 30% pension tax relief: what could this mean for you?

Recent media reports suggest the Chancellor may introduce a new flat rate of 30% tax relief on pension contributions and should the rumours prove true, it may leave no or very little time for those impacted to act.

Armstrong Watson becomes first UK accounting firm to join Institute of Customer Service

Armstrong Watson is is aiming to be recognised as  “the best financial advisory firm to deal with, delivering the best client experience in the UK" and has become the first accounting firm to join The Institute of Customer Service

What are the risks for a company director signing a personal guarantee?

When a personal guarantee is given by a director it means that that person can become personally liable for the company’s debts if the company cannot meet its obligations. How can a director can protect themselves from personal guarantee risks? 

Don’t forget pensions when you divorce

There are so many things to consider in a divorce, with home and support naturally the first you would focus on. It’s also important that people think of valuable assets, such as pensions, when considering how they split their money.