Blog26th Jun 2024 Can 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 Caroline Murphy View more
Blog26th Jun 2024 What Does Members Voluntary Liquidation mean? It can be a daunting time for business owners closing down a solvent business. Owners are used to having full control and dealing with all business matters, therefore understandably, we are asked many questions before and during the process of… By Caroline Murphy View more
Blog26th Jun 2024 What 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 Caroline Murphy View more
Blog26th Jun 2024 Managing Organisational Change The description of the business environment as volatile, uncertain, complex and ambiguous (VUCA) has been pervasive in thought leadership on change management in recent years. Indeed, the changing fortunes of organisations in the wake of the Covid pandemic, Brexit, and… By Caroline Murphy View more
Blog26th Jun 2024 Do you have a legal remuneration strategy? Each year it is important for business owners to review the company remuneration strategy to determine the most tax-efficient way to withdraw money from the business. Unfortunately, a number of business owners view the contents of the business bank account… By Caroline Murphy View more
Blog26th Jun 2024 Are Inheritance Tax Rules Changing? 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 as… By Caroline Murphy View more
Blog26th Jun 2024 Inheritance 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 Caroline Murphy View more
Blog26th Jun 2024 Cruising around the world – can it really reduce your tax bill? The post-COVID world looks very different for many workers. Many are now choosing to work not just from home instead of the office, but in some cases, an entirely different country. Most are searching for a better work/life balance, escaping… By Caroline Murphy View more
Blog26th Jun 2024 Are 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 Murphy View more
Blog26th Jun 2024 Empowering Your Team: The Art of Coaching in a Fast-Paced World In the ever-evolving landscape of today’s business world, one key leadership skill stands out as essential: coaching. As a people manager, finding the right balance between directing your team and coaching them to success can be a challenging endeavour. Time… By Caroline Murphy View more
Blog26th Jun 2024 Is salary sacrifice worth it for an electric car? The 2022 Benefit in Kind Statistics annual report shows there has been a significant shift from diesel company cars which accounted for around 80% pre 2017, to 60% by 2019/2020 with a further decline to just 49% (355,000) in 2020/21. … By Caroline Murphy View more
Blog26th Jun 2024 Furnished Holiday Lets – An Introduction To Your Obligations Furnished 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… By Caroline Murphy View more
Blog26th Jun 2024 How Best To Organise Your Finance Function Your 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 Caroline Murphy View more
Blog26th Jun 2024 Payment 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 Caroline Murphy View more
Blog26th Jun 2024 Maximising Investment Returns in a Challenging Economic Climate Rising 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 Caroline Murphy View more
Blog26th Jun 2024 What is a Payment on Account? 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 to fall… By Caroline Murphy View more