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Blog26th Mar 2024

R&D Tax Relief Procedures: HMRC’s Latest Notification Requirement

In today’s fast-paced business landscape, where staying ahead often means innovating and adapting to change, research and development (R&D) tax credits have emerged as a key tool for businesses, especially for small and medium-sized enterprises (SMEs).  As an R&D tax…

By Derek Gemmell

Blog20th Mar 2024

Do you have an obligation to file an Annual Tax on Enveloped Dwellings (ATED) return by 30 April 2024?

WHAT IS ATED? ATED is an annual tax payable in advance by companies and other non-natural persons (including partnerships with corporate members) who own an interest in UK residential property valued at over £500,000. The charge applies to houses, self-contained flats,…

By Michaela McCombie

Blog21st Dec 2023

2023 Business Unit Year In Review

Oxford recently released their word of the year for 2023 and it was “rizz”. If we had to pick a word for our year it would be ‘growth’. You might have heard us talk about our growth journey a time…

Blog21st Sep 2023

Can Employee Ownership Trusts (“EOTs”) provide an alternative to family succession?

Known for their adaptable nature, innovative spirit and contribution to the economy, the importance of the successful continuation of our family businesses cannot be overstated. Retaining the ownership and running of the business within the family is often considered a…

By Alan Campbell

Blog27th Jun 2023

Export Licencing- The Silent Business Killer

Most UK exporters routinely carry on their export trade.  Whether they are exporting the goods that they have manufactured or selling on other companies’ products, the company directors generally believe that they are operating in accordance with HMRC regulations. All…

By Richard Coker

Blog3rd Apr 2023

The Accidental American

“The Accidental American” may sound like a film title but the consequences of being one are far more real than a Hollywood script would entertain. With several high-profile cases over the past few years, including our own ex-Prime Minister, the…

By Michael Smith

Blog28th Feb 2023

The Herd Group Moves to Employee Ownership

Sagars Accountants, an AAB group company, advised Herd Group on transferring to an Employee Ownership Trust. The Herd Group is a Surrey-headquartered vehicle rental firm that has seen significant year-on-year growth since the business was founded in 2014. The firm,…

By Kate Naylor

Blog27th Jan 2023

How To Steer Clear of Double Duty Charges

With all the changes that have impacted traders since the United Kingdom (UK) left the European Union (EU), one of the greatest challenges faced by importers is customs duty liability. Customs duty is now potentially due on all goods imported…

Blog30th Nov 2022

Important year end considerations for the United States

The United States tax year ends on 31st December and as a result the next few weeks are key for employers to ensure that payroll has captured all of the necessary information before close. It is important for employers to…

By Jessica Constable

Blog28th Nov 2022

HMRC gain yet more visibility to Digital & Offshore Assets

It is well documented that global tax jurisdictions are struggling to keep tabs on the digital economy. It is therefore unsurprising that countries are keen to work together to help them pin down individuals and businesses who are not reporting…

By Lynn Gracie

Blog8th Aug 2022

Working Remotely – Nine to five at the office is no longer the norm… but neither is working in a UK office

The impact of COVID has been widespread and far reaching, touching all aspects of work and home life. Many now have the option to work from home, but some are taking this as an opportunity to work from anywhere, including…

Blog6th Jul 2022

Research & Development tax relief claims

As Research & Development (R&D) tax relief claims become more popular across the UK for both SME and large sized corporations, it is no surprise that HMRC is cracking down on the review process for who they grant this generous…