Blog21st Sep 2023Can 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 CampbellView more
Blog18th Sep 2023What Are Family Investment Companies?In recent years, “Family Investment Companies” (FICs) have become more widely used in family tax planning exercises. However, they are not a new structure by any means – our oldest FIC client is over 100 years old! They are setup……By Emily Robson and Steve RobertsView more
Blog11th Sep 2023Inheritance Tax- Are Changes Coming? Could we soon see Inheritance Tax changes? It has been reported that the Government is considering scrapping Inheritance Tax (IHT) in advance of the upcoming general election. IHT is a controversial and generally unpopular tax, which has been labelled…By Jill WalkerView more
Blog5th Sep 2023Are You Prepared for the New Enhanced Reporting Requirements (ERR)?Starting from 1 January 2024, Irish employers will be required to comply with the enhanced reporting requirements (ERR) mandated by the Finance Act 2022… New Enhanced Reporting Requirements (ERR) for Irish Employers Starting from 1 January 2024, Irish employers will…By Caroline MurphyView more
Blog1st Sep 2023How Best To Organise Your Finance FunctionYour finance function is the eyes and ears of your business. It gives you insight where you need and reports on your past and predicts your future. A finance team needs to have the right people in the right seats……By Lauren McIlroyView more
Blog1st Sep 2023Furnished Holiday Lets – An Introduction To Your ObligationsFurnished Holiday Lets (FHL) are becoming more and more popular in the UK, particularly in Scotland, with holidaymakers’ desires for a ‘staycation’ only increasing. But are you aware that these properties come with a different set of tax rules compared…View more
Blog30th Aug 2023Payment on Accounts- what do you need to know?Unlike the PAYE system, when you start working as a sole trader or have a new untaxed source of income (e.g. rental income, dividend income) you won’t pay tax as money comes in. Instead, your first tax bill is likely…By Bev HolroydView more
Blog29th Aug 2023Maximising Investment Returns in a Challenging Economic ClimateRising interest rates and inflation in the current economic environment make careful planning essential when deciding where and how to invest. AAB’s Private Client Tax Team and AAB Wealth can help you on the implementation of a tax efficient financial plan…By Alastair MooreView more
Blog16th Aug 2023Value Added Tax – a basic guide to the indirect tax for sole tradersWhen many people think of VAT, they think of the extra charge on clothes, petrol and everyday items. However, those that are self-employed and/or run a business, may be required to get involved with VAT more than they would otherwise…By Alistair DuncanView more
Blog11th Aug 2023HMRC Targeting Airbnb Landlords The way in which we’re able to generate multiple streams of income from property ownership has changed. With platforms such as Airbnb, Booking.com and Cool Stays, landlords are turning to short-term let properties as a source of income and seeing…By Natalie ButlerView more
Blog9th Aug 2023Alternative Dispute Resolution – Why it’s Good To TalkMany importers have found that being in dispute with HMRC can be a costly business. Where margins are tight and room for manoeuvre limited, the unexpected tax bill can make a business venture uneconomic. Where there is a risk of…By Jon HicksView more
Blog7th Aug 2023Inheritance Tax – Could your estate be exposed?Many more ordinary people are becoming liable to Inheritance Tax (IHT) who may not have before. In this blog we’ll be looking at what IHT is, why the rise is occurring and how we can help you mitigate your IHT…By Tracy DicksonView more