Blog2nd Nov 2022Inflation at a 40-year high and the cost of living continuing to pinch: “We want to help our employees, but how”With inflation remaining on the rise and now at a 40-year high of 10.1% and the threat of more hikes in interest rates, employees are really feeling the pinch. The jump in the last 12 months is so much higher…View more
Blog17th Oct 2022To be or not to be – mini-budgetAs we found out last week from several press articles, the new Chancellor, Jeremy Hunt, does not support many of the tax cutting measures that were set out in the mini-budget by the former Chancellor Kwarteng. The first being the…View more
Blog5th Oct 2022Succession in a Family BusinessThe Chinese proverb that ‘wealth will not pass beyond three generations’ is likely to send a shiver down the spine of those who run a family business. Whether your business has just started trading or you are thinking about retiring…By Paula FraserView more
Blog19th Aug 2022Making Tax Digital for Income Tax Self-AssessmentFrom 6 April 2024, Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will apply to self-employed individuals and landlords with total business and/or property income above £10,000 per year. Under MTD for ITSA, taxpayers caught by the regime will…By Lynn GracieView more
Blog4th Aug 2022CYCLE TO WORK DAY – ANTICIPATING 1 AUGUST 2024As we approach National Cycle to Work Day on 1 August 2024, the significance of cycling for both personal health and environmental well-being continues to grow. Originally introduced by the UK government in 1999, the Cycle to Work scheme aimed…View more
Blog21st Feb 2022Cash in the family business – how much is too much?We are all acutely aware of the pressures which many family businesses have been under over the course of the last two years since the start of the pandemic. With all of the uncertainty and constantly changing guidance for businesses…View more
Blog24th Jan 2022Brexit – One year report cardWith the first 12 months of post-Brexit trade under our belts, now is an ideal time to take stock and consider the report card for Brexit. Alistair Duncan, Head of Indirect Tax, looks at which strengths can be highlighted and…View more
Blog9th Dec 20212021 Year in Review: Family BusinessFamily businesses have continued to show resilience, innovation and entrepreneurship during the last year with the exit from the pandemic being slower than was hoped. Many businesses have continued to do very well and managed to operate throughout, but with…View more
Blog29th Sep 2021Investing in the family businessI wear a lot of hats at AAB, two of which are leading a team that supports our family business clients; and Corporate Finance partner, where I help clients to grow their businesses through investment, acquisition or refreshed strategic thinking.…View more
Blog9th Aug 2021Inheritance Tax hikes to pay the COVID bill?Whilst the COVID-19 pandemic rumbles on, with the furlough scheme set to come to an end on 30 September and the various relaxations in restrictions across the whole of the UK, economic recovery must be top of the Chancellor’s agenda.…View more
Blog17th Jun 2021Family Businesses – a mix of concern & optimism post pandemicFamily firms are the engine room of the Scottish economy, and they continue to contribute significantly to employment, economic output and the creation of wealth, on top of making a real impact on the communities in which they are located. View more
Blog12th May 2021Succession Planning for Family BusinessesFamily businesses come in all sorts of guises, with varying internal challenges and external market forces. But one thing they all have in common is that eventually someone else will need to take the reins. While it’s possible that the business could be…View more