Latest News

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

Family Business Report 2024: 11% of businesses embraced AI but more likely benefit without realising

Artificial Intelligence (AI) is playing an increasingly significant role in modern business operations, often without business owners even realising it.

Is your financial record keeping taking too much time?

Here are our top tips for reducing the headaches caused by financial record keeping...

Streamlining your business with Xero: A beginner's implementation guide

Ready to experience the transformative power of Xero? Xero empowers businesses of all sizes to streamline financial management, gain deeper financial insights, and drive strategic growth.

Xero or Microsoft Business Central? How to choose the right solution for your business

Many businesses choose to outsource their accounting and bookkeeping functions but how do you choose the right outsourced accounting software solution? There are many options available in the market, each with its own features, benefits, and drawbacks.

Settling your PAYE liability to HMRC via Direct Debit

From September 2022 HMRC will allow you to set up a Direct Debit mandate to settle outstanding PAYE and NIC liability.

The changes made by HMRC, announced in the August 2022 issue of HMRC’s Employer Bulletin, will mean that after submitting your records to HMRC you now no longer have to set a reminder to transfer the payment.

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.

Making Tax Digital – VAT compliance

Over the last 3 years HMRC have started implementing their Making Tax Digital (MTD) VAT requirements, the gradual introduction has now concluded. Since the 1^st of April 2022, it is a legal requirement for all VAT returns to be sent digitally and direct from software that provides a digital link for sales & purchases from sales system to return. If your business is not compliant, it is key to plan for changing this.

Transforming your business towards a digital finance function

Automation has been a hot topic for many years now, and as society starts to find a balance between office-based working and working from anywhere it is time to take stock.

It is now more important than ever to ensure business processes are designed and adapted in a future-proof way, especially the finance-related processes that have been ripe for the digital age for some time.

Does your hospitality business have the right front of house systems in place?

As hospitality businesses in England have emerged from months of restrictions and those in Scotland continue to adapt to existing regulations, it might be a good time for businesses to take stock and see if their front of house systems still meet current and future needs.