Armstrong Watson

In case you missed yesterday's webinar, in partnership with Burnetts Solicitors, you can watch the recording here: https://lnkd.in/ewfq9Ah6 Armstrong Watson payroll and tax experts Karen Thomson ChFCIPP MSc FHEA Dip and Brian Rudkin, alongside employment law expert Anna Lovett, Burnetts, covered the key issues facing businesses as a result of the Employment Rights Bill and changes to payroll and tax regulations. #employmentlaw #employmentrightsbill #payroll

With changes to National Minimum Wage, employers' National Insurance and business rates, it is inevitable that some businesses will face difficult financial challenges resulting in a build-up of creditor arrears, including liabilities due to HMRC such as VAT or PAYE. For some businesses, a formal Time to Pay Arrangement (TTP) with HMRC may afford them some valuable breathing space and enable them to get back on an even keel by rescheduling these debts over a period of time. In the article below, Lindsey Cooper, Restructuring and Insolvency Partner, looks at what exactly a TTP Arrangement is, how they work and the advantages of putting one in place. However, directors must be honest and realistic when seeking a TTP from HMRC so these arrangements are not to be entered into lightly. If you’d like any further advice or information, contact our Restructuring and Insolvency team who can assist you with your TTP proposal.

Do you have a 'side hustle'? Individuals receiving additional income from side hustles are being urged to report to HMRC if they bring in more than the annual Trading Allowance, which allows individuals to earn up to £1,000 additional tax free income each tax year. https://lnkd.in/eEwQfxWg

Read our latest edition of Agri Matters 👇https://lnkd.in/gP_q8UFM In this edition, we consider how farming families can look to plan ahead to mitigate the impact of the proposed changes to IHT, as well as the areas landlords and tenant farmers will need to consider. Each farm, each family and each business requires a tailored approach, but we are here to help you explore the options available to you. If you'd like to discuss any of the topics included below, or any other issue impacting your agricultural business, please don't hesitate to get in touch. David Threlkeld Andrew Robinson Jonathan York Daniel Cozens Keith Johnston Justin Rourke

It has been impossible to miss the political entanglements over recent times between the UK and the US. We have seen political unrest between parties, national and international contention, US election fraud claims, the attempted assassination and subsequent re-election of Donald Trump, and now we face the real possibility of UK tariffs imposed by the new President. While this may be interesting reading, you might wonder what effect politics might have on your investments. Here Emma Copley, Chartered Financial Planner, looks at 3 ways markets may react to political uncertainty. https://lnkd.in/evGsHuN7

Missed Law Firm Ambition's latest webinar? Don't worry, you can watch the recording here: https://lnkd.in/evpHkhjF Some brilliant insights from our expert panel Carl Newton (Myerson Solicitors), Alexandra Hatchman (ex Napthens and Fletchers), and the man who literally wrote the book on boards, Patrick Dunne (Boardelta), hosted by Andy Poole (Armstrong Watson).

Scottish charities will soon be asked to provide more information to the regulator as the final phase of changes under the Charities (Regulation and Administration) (Scotland) Act 2023 are due to come into force. From mid-2025, charities will be required to provide trustees’ details to OSCR and from the end of the year, charity accounts will be made publicly available to strengthen oversight and public perception in the sector. Here Karen Rae, looks at these changes in greater detail. https://lnkd.in/erc5PS2C

Catch up on our latest webinar, held on Tuesday in conjunction with Gordons LLP. Armstrong Watson payroll and tax experts Karen Thomson ChFCIPP MSc FHEA Dip and Brian Rudkin, alongside employment law experts, Mary Walker and Mike Patterson from Gordons LLP, covered the key issues facing businesses as a result of the Employment Rights Bill and changes to payroll and tax regulations. Watch the recording here: https://lnkd.in/eSQSJyH7 #employmentlaw #employmentrightsbill #payroll

A significant legal development has once again highlighted the need for Limited Liability Partnerships (LLPs) to carefully consider HMRC’s Salaried Member Rules. The Court of Appeal’s recent decision in favour of HMRC against BlueCrest Capital Management (UK) LLP draws attention to the potential financial repercussions of non-compliance. https://lnkd.in/eHXKuCDJ Becky Fraser Becky Bowness Andy Poole

The new Charity SORP (Statement of Recommended Practice) is set to be released imminently, with two key changes - income recognition and leases - set to be the biggest amendments to impact how charities report their financial activities from 2026. Charity audit specialist Steve Williams explains what these changes will mean for those in the charity sector and why it's crucial to prepare. Karen Rae David Richardson Huw Nicholls