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
Blog29th Sep 2022PAYE Settlement AgreementsPayment deadline Class 1B Employer National Insurance contributions and tax are due by 19 October or 22 October if paying electronically. For October 2022 you will need to ensure your electronic payment reaches HMRC by Friday 21 October as the…View more
Blog28th Sep 202260 Day Capital Gains Tax Reporting – The Rules RecapAlmost a year on from the extension of the timeframe for reporting disposals of residential property our blog provides a recap of the rules on what exactly needs reporting, who needs to report it, how is it reported, when is…By Carol EdwardsView more
Blog20th Sep 2022AABIE visit the Moira Anderson Foundation AABIE is our charitable initiative which allows everyone at the AAB Group to invest in the communities in which we operate. We seek partnerships with charities and invite applications for donations, grants, and volunteers. The Moira Anderson Foundation is based…View more
Blog8th Sep 2022Customs Declaration Service (CDS) – are you ready? For the majority of the last 30 years, HM Revenue and Customs’ (HMRC) Customs Handling of Import and Export Freight (CHIEF) system has been at the forefront of customs declarations in the UK. However, in a two-stage approach, CHIEF will…By Seanna ForbesView 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
Blog17th Aug 2022Organised Labour FraudHave you heard of OLF (Organised Labour Fraud)? HMRC’s Fraud Investigation Service (FIS) uses this term when describing organised crime that involves genuine labour supplies. The Chartered Institute of Payroll Professionals published a HMRC special on the topic, but have…View more
Blog9th Aug 2022Changes to Capital Gains Tax for separating couplesUnder the current Capital Gains Tax regime in the UK there are rules in place to allow for transfers of assets between spouses to be deemed to take place at no gain/no loss for Capital Gains Tax (CGT) purposes. That…By Jill WalkerView more
Blog8th Aug 2022Working Remotely – Nine to five at the office is no longer the norm… but neither is working in a UK officeThe 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…View 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
Blog2nd Aug 2022Importance of Tax Planning When Selling a BusinessSuccessful business owners usually think long and hard about their exit strategies and negotiating business sales that meet their needs, but relevant tax planning is often overlooked or considered too late in the process to be effective. When you’ve put…By Gunhild DamView more
Blog29th Jul 2022COVID recovery, labour shortages & supply chain issues: the resilience of Scotland’s food & drink sectorIn the last two years we have seen some of the most challenging times in business. In particular, the Scottish food and drink industry has been hit hard by varying restrictions imposed across the country. Despite these challenges, the industry…By Derek MairView more