OUR LATEST INSIGHTS

Blog7th Mar 2024

Non-Dom Tax Status Abolished But A New 4 Year Residence Scheme May Soften The Blow

For someone who has been working in tax for several years, non-domicile tax status and the UK tax breaks this provides has always been a controversial tax policy, no matter what government has been in power and no matter how…

By Lynn Gracie

Blog7th Mar 2024

Spring Budget Commentary From Paula Fraser

In yesterday’s Spring Budget, Chancellor Jeremy Hunt unveiled a series of tax reforms which will significantly alter the UK’s fiscal landscape. One of the positive changes will see National Insurance contributions for employees decreasing from 10% to 8%, which will result…

By Paula Fraser

Blog5th Mar 2024

Lock In Tax Relief By Topping Up Your Pension Fund Before The 5th April

Any financial advisor will tell you it’s never too early to start paying into your pension fund, but what many don’t necessarily appreciate is the significant tax savings that can be made whilst also building a secure plan for retirement.…

By Lynn Gracie

Blog1st Mar 2024

What Is Due Diligence?

How do you find out what you don’t know when you are considering buying a business? While a buyer could crack on and take the chance there are no skeletons in the closet, it can be an expensive mistake to…

By Lyn Calder

Blog15th Feb 2024

Top Tips For Selling Your Business: Fail To Plan At Your Peril

As a business owner, it’s easy to focus on short term performance and the day to day. However, it’s crucial to consider the future management and ownership of the company. Now, not tomorrow or next year. Business owners generally look…

By Gordon Christie

Blog13th Feb 2024

HMRC’s ‘One to Many’ Campaign – Targeting Undeclared Dividend

HMRC are now issuing letters to business owners under a ‘One to Many’ Letter campaign to target undeclared dividends payments. HMRC have been looking at company reserves and have noted that some are reducing but no dividends are being declared…

By Gillian Rushton

Blog12th Feb 2024

Six Ways You Can Prepare Your Charity For A Successful Audit

Here at AAB, we support a number of charities and not-for-profit organisations with their audits. Being able to help these amazing organisations is a privilege and our teams love working alongside these businesses. However, we know that many people may…

By Emily Jackson

Blog7th Feb 2024

Is It Time To Upgrade Your Employee Benefits Programme?

It’s officially a new year. 333 days of growth opportunities for your business. While you’re looking ahead to the new year and planning for 2024 it is a great time to also think about your employee benefits programme. In its…

By Rhianne Stewart

Blog2nd Feb 2024

Reclaiming National Insurance Contributions on car allowances – Have the rules changed?

When it comes to NIC on car allowances- we would always advise that you don’t leave money in HMRC’s pot. HMRC have not appealed the upper tribunal judgement on their case against Laing O’Rourke Services Limited and Willmot Dixon Holdings limited,…

By Niamh McKenna

Blog29th Jan 2024

Identifying what taxes are deductible or non-deductible in the US

When dealing with the world of taxation, it’s important to know the intricate details so you can avoid fees and penalties. In this blog, AAB Payroll Inc. will focus on identifying what taxes are deductible or non-deductible in the US.…

By Chris Hunt

Blog9th Jan 2024

What Is Normalised Working Capital In Transactions

Working Capital is generally one of the key considerations in an M&A transaction. It is often a subjective and complex area, and it can have implications on the total consideration payable in a transaction. What does working capital represent? Net…

By Gregor Steedman

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…