Blog2nd Aug 2023Tax Implications of being UK Tax Resident vs Non UK ResidentNon UK residence – What is it and how could it affect you? The default position is that UK Tax residence results in UK tax exposure on worldwide income and gains, no matter where they are held. UK Tax Residents,…By Lynn GracieView more
Blog1st Aug 2023Pandora Papers opens HMRC Offshore Tax Pandora’s BoxThe recently published Pandora Papers put offshore tax in the headlines once again. If you have undeclared offshore income or gains, it is important to act now. The Pandora Papers are thought to contain the names of over 750,000 companies…By Seamus McElvannaView more
Blog31st Jul 2023HMRC Pandora Papers: What to do if you have Undeclared Offshore Income or GainsThe recently published Pandora Papers put offshore tax in the headlines once again. If you have undeclared offshore income or gains, it is important to act now. The Pandora Papers are thought to contain the names of over 750,000 companies…By Seamus McElvannaView more
Blog27th Jul 2023APA survey results reveal where SMEs need support77% of owner managed businesses rate Government support as either poor or very poor. That is one of the key findings of a survey of 532 of these businesses launched by the Association of Practising Accountants (APA) today. That is…View more
Blog25th Jul 2023Capital Gains Tax On Property: 60-Day Reporting and Payment Requirements On Residential DisposalsUnderstanding capital gains tax on property is essential when you are buying or selling properties. By familiarising yourself with the applicable rates, exemptions, and strategies to minimise tax liability, you can make informed decisions that can potentially save you money.…By Malachy McLernonView more
Blog20th Jul 2023What You Need to Know about the TBESS Scheme ExtensionThe Temporary Business Energy Support Scheme (TBESS) has undergone some changes since its initial launch. Originally planned to operate from September 2022 to February 2023, the TBESS scheme has been extended to provide additional assistance to eligible businesses. The new…By Caroline MurphyView more
Blog7th Jul 2023How Important is ESG in M&A TransactionsEnvironmental, Social and Governance (ESG) is attracting increasing attention from investors and acquirers when evaluating investment, growth funding and M&A opportunities, highlights Alasdair Green, Head of ESG at the AAB Group and Partner in the Corporate Finance team. At the…By Alasdair GreenView more
Blog7th Jul 2023How Important is ESG in M&A Transactions?Environmental, Social and Governance (ESG) is attracting increasing attention from investors and acquirers when evaluating investment, growth funding and M&A opportunities. At the outset of a possible deal, investors and acquirers are now taking more rigorous ESG considerations into account. …By Alasdair GreenView more
Blog4th Jul 2023What Is The Basis Period Reform For 2023?What is the basis period? The basis period is the accounting period on which a business calculates their tax each year. Ordinarily the basis period on which a business is taxed is the 12 month accounting period that ends within…By Kerry McGeeView more
Blog14th Jun 2023How Rising Interest Rates Impact Access to Finance and FundingWith interest rates at a 15-year high, funders increasingly expect businesses to be able to show they can cover financial covenants and continue to service outstanding debt. It’s all in the detail. AAB’s Business Funding Team can help businesses access…By Michelle HawkinsView more
Blog12th May 2023The Importance of DomicileNon-dom tax status has received more than its fair share of attention in recent weeks, thanks to Rishi Sunak’s wife, Akshata Murty. With news of Murty’s non-UK domicile tax status hitting the headlines, UK taxpayers might have been interested to…By Gunhild DamView more