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
Blog19th Oct 2022Building ResilienceWhat do you do when you feel overwhelmed? Do you ever struggle with managing your ‘energy tank’ to keep all aspects of life running smoothly? Managing emotions and tasks can be difficult, but there can be a strength found in…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
Blog13th Oct 2022What are the challenges & concerns of a tech start-up founder right now?The Tech sector in Scotland has received a great deal of media coverage in the last 6 months, albeit at a macro level. Records being broken for exits, fundraises and the fairly recent announcement from the Scottish Government that Codebase…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
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 Alistair DuncanView 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