Blog2nd May 2023Providing Support to EmployeesQ: One of our employees has asked if the business can provide a loan to help clear a personal debt which arose when making improvements to their home. They financed the work using short-term credit cards with high interest rates.…By KellyAnne MurtaghView more
Blog17th Apr 2023The Key to Successful Family Business Succession PlanningThe ability to achieve a smooth transition from one generation to the next is a hallmark of successful family businesses. However, succession planning for transition is rarely easy. The key is to recognise that succession is always a marathon, not…By Paula FraserView more
Blog17th Apr 2023National Minimum Wage: Employee costs just keep rising!Q: As a small company with 15 employees I would like to understand the changes coming in the new tax year regarding payroll taxes and the national minimum wage? The new tax year 2023/24 has just arrived and there are…By Nicola BurnsView more
Blog30th Mar 2023Insolvencies set to rise in Northern IrelandInsolvency levels in Northern Ireland have been lower than usual in recent times however the reintroduction of Creditors Winding Up Petitions for the first time since the pandemic is likely to result in increased activity in the coming months, says…By Seamas KeatingView more
Blog22nd Mar 2023Pension Reforms – A Great Day For SaversThere was perhaps less drama in the Spring Budget 2023 than there was in the build up to Jeremy Hunt’s first Autumn Statement, but it is a day that may live long in the memory of some, following significant pension…By Tom AndrewView more
Blog20th Mar 2023UK Spring Budget 2023Analysis and commentary on the UK Spring Budget 2023 from AAB’s team of tax experts, identifying the key changes and outlining the practical implications for you and your business. Download Your Guide Today > On Wednesday 15th March 2023, The…View more
Blog14th Mar 2023Next Steps if you have missed the Self-Assessment Tax Return DeadlineQ: I was not able to file my tax return before 31 January 2023 as I was in hospital. What are the implications and what should I do now? The deadline for filing your 2021/22 self-assessment tax return was…By Carol EdwardsView more
Blog28th Feb 2023The Herd Group Moves to Employee OwnershipWe advised Herd Group on transferring to an Employee Ownership Trust. The Herd Group is a Surrey-headquartered vehicle rental firm that has seen significant year-on-year growth since the business was founded in 2014. The firm, which now operates throughout the…By Kate NaylorView more
Blog17th Feb 2023Keeping your Side Hustle SafeIn light of the current cost of living crisis, many individuals, have turned to side hustles such as selling garden products on platforms like Amazon and eBay. However, this entrepreneurial initiative has led to receiving unexpected correspondence from HM Revenue…By Seamus McElvannaView more
Blog17th Jan 2023The hidden tax pitfalls of cryptocurrencyIf cryptocurrencies are not the most popular form of investment, they are almost certainly the most talked about. And no wonder – it’s thrilling stuff. Cryptocurrency is relatively new and mysterious to many people. A tantalising balance of high risk…By Lynn GracieView more
Blog22nd Dec 20222022 Sector Year in ReviewThis year has been a year of growth, a year of events, a year of change and overall, a year to remember. It has not come without its challenges and changes. As the year draws to a close we asked…View more