Douglas Murray

Accounting Manager at Armstrong Watson

[Armstrong Watson @ArmstrongWatson]

Our latest Agri Matters newsletter is ready to read! Articles in this edition include: Planning ahead when gifting land can bring tax benefits to landowners, Capital Gains Tax and Inheritance Tax on agricultural land and farms and more!

#farmingaccountant #farming

[Armstrong Watson @ArmstrongWatson]

New legislation that affects how sole traders and partnerships are taxed came into play on 6 April 2024. So, what does this change in basis period mean for you and your #farming business?

#farmingaccountant @AW_ARobinson

[Armstrong Watson @ArmstrongWatson]

Potential changes lie ahead that could reduce #audit reporting requirements for thousands of companies. So, what do these proposed reforms mean for your #business?

[Armstrong Watson @ArmstrongWatson]

300 business owners shared their views in our Family, Privately Owned and Owner-managed Business Survey 2024. You can read more insights on succession in the 'Planning to Let Go' section of the report - download it here 👇

[Armstrong Watson @ArmstrongWatson]

Agri Matters is our quarterly online newsletter that provides you with the latest financial information and legislation updates affecting British farming businesses. Subscribe now 👇

[Armstrong Watson @ArmstrongWatson]

#Amazon is implementing significant changes that will directly impact VAT Registered UK sellers. These changes, effective from 1 August 2024, relate to the #VAT treatment on Amazon fees and invoicing.
Here we explain what UK sellers need to know...

[Armstrong Watson @ArmstrongWatson]

Is now a good time to extract wealth from your limited company?

With a #GeneralElection looming, timing may be key to ensure you benefit from the #tax reliefs currently available in order to reduce your #CapitalGainsTax (CGT)...

[Armstrong Watson @ArmstrongWatson]

#Holidaylet owners braced for increased #taxbills now face a period of uncertainty about when - and if – the favourable Furnished Holiday Letting regime will be axed. Until then, it is still worth noting the conditions of a FHL in order to benefit from current reliefs...

[Armstrong Watson @ArmstrongWatson]

Insight is our quarterly financial planning magazine that includes useful and topical articles, and keeps you up to date on any pensions and tax matters that may impact you and your retirement. Don't miss the next edition - subscribe here 👇

[Armstrong Watson @ArmstrongWatson]

📢 Reminder - The deadline for submitting P11D 2023/24 forms to HMRC is 6 July 2024.

For more information about P11D forms or if you are unsure if your business has a requirement to file P11Ds with HMRC, please don't hesitate to get in touch.

[Armstrong Watson @ArmstrongWatson]

Selling a #property? Changes to Capital Gain Tax might impact you.

Here Graham Poles, Tax Partner, looks at how these changes could impact your #tax liability and the increased reporting requirements that go along with them: https://t.co/67J22eHYjU

[Armstrong Watson @ArmstrongWatson]

In our latest edition of Agri Matters you'll find a selection of the latest financial and tax news put together for farming businesses by our dedicated Agri Team. This edition covers farm vehicle allowances, choosing the right structure for your farming business and more...

[Armstrong Watson @ArmstrongWatson]

Are you subject to the #Scottish 67.5% tax trap? Scottish high earners could now be paying up to 67.5% in #incometax - but there are ways to reduce your taxable income - which are discussed here 👇

[Armstrong Watson @ArmstrongWatson]

Following changes, directors will now need to provide evidence that they were an employee to support their application, after the company enters insolvency. Here Whitney Whitfield, Restructuring and Insolvency Senior Manager gives the details...

https://t.co/JiNMWKrSeE

[Armstrong Watson @ArmstrongWatson]

More than 75% of #farmers say they say feel under pressure to adapt and innovate to keep up with the ever-changing environment.

This was one of the key findings from the 118 farm businesses who responded to the latest Family and Owner-managed Business Survey...

[Armstrong Watson @ArmstrongWatson]

Scottish businesses must focus on staff retention to combat ‘income tax exodus’ following HMRC’s release of recent research which suggests a fall in net migration to Scotland for high earning individuals. Here Dougie Russell, Partner, explains...

https://t.co/J8XE171AYB

[Armstrong Watson @ArmstrongWatson]

A string of changes for businesses and individuals have come into force for the 2024/2025 tax year, including National Insurance Contributions and Capital Gains Tax. Graham Poles, Tax Partner, looks at how the changes could impact you and your business: https://t.co/5lnDHPzEG8

[Armstrong Watson @ArmstrongWatson]

The main headlines from this #SpringBudget2024 include a further cut to #NationalInsurance Contributions and a reduction in Capital Gains Tax. Here we summarise the detail behind the announcements and provide our initial views on the implications for businesses and individuals...

[Armstrong Watson @ArmstrongWatson]

Are you looking to start your #career? Or know anyone that is? You can learn more about our professional #accounting #apprenticeships, and how to apply, here �Are you looking to start your #career? Or know anyone that is? You can learn more about our professional #accounting #apprenticeships, and how to apply, here �Are you looking to start your #career? Or know anyone that is? You can learn more about our professional #accounting #apprenticeships, and how to apply, here �Are you looking to start your #career? Or know anyone that is? You can learn more about our professional #accounting #apprenticeships, and how to apply, here 👇

[Armstrong Watson @ArmstrongWatson]

Spring Budget 2024: Will the #Chancellor cut taxes?

Here we speculate on the upcoming #Budget and what #tax changes and announcements may be on the horizon...