Blog26th Jun 2024 2023-24 Scottish Budget Tax changes After a dramatic start, John Swinney delivered the Scottish government’s Budget for the 2023-24 fiscal year on Thursday 15 December 2022. We have outlined below the tax changes that individuals residing in Scotland should be aware of from a personal… By Caroline Murphy View more
Blog26th Jun 2024 The Chimp Paradox As we approach the peak of the festive season, many of us may have reindeer and clementines on our minds. However, with today being World Monkey Day, we decided to shift the focus to chimps and bananas instead with our… By Caroline Murphy View more
Blog26th Jun 2024 What challenges are family businesses facing today? The UK is going through a period of uncertainty. The economy is struggling to recover from the Covid-19 pandemic, we’ve had months of political uncertainty and the rise in the price of necessities such as energy and food have caused… By Caroline Murphy View more
Blog26th Jun 2024 Food & drink sector dos & don’ts for cost of living crisis The soaring price of food, energy and running costs has pushed inflation to a 40-year high as the rising cost of living continues to squeeze. UK food and energy prices are rising at their fastest rate in 42 years. With… By Caroline Murphy View more
Blog26th Jun 2024 Team Facilitation – Faddy or Fruitful? Much like the Little Black Dress, good manners or a great cup of tea, there are some things that will never go out of style. At Think People, demand for our Team Facilitation Services has always been high; and in… By Caroline Murphy View more
Blog26th Jun 2024 Say hello to HMRC’s new VAT penalty & interest rules The current default surcharge regime for VAT has often come in for criticism, with the penalties applied being disproportionate to the length of delay. From 1st January 2023, a new VAT penalty regime will replace the outgoing default surcharge system.… By Caroline Murphy View more
Blog26th Jun 2024 Court-sanctioned SME Restructuring Plan imposes cram down of HMRC preferential debt The High Court in London recently sanctioned a Restructuring Plan for Houst Limited despite opposition from HMRC, one of the company’s major creditors. Our Restructuring team explains the significance of the case. Restructuring Plans were introduced as a Business Recovery… By Caroline Murphy View more
Blog26th Jun 2024 National Grief Awareness Week National Grief Awareness Week will take place between 2nd – 8th December 2022. The purpose of this week is to raise awareness across all aspects of grief and loss on a national scale. This year’s theme is “To open conversations… By Caroline Murphy View more
Blog26th Jun 2024 Important year end considerations for the United States The United States tax year ends on 31st December and as a result the next few weeks are key for employers to ensure that payroll has captured all of the necessary information before close. It is important for employers to… By Caroline Murphy View more
Blog26th Jun 2024 HMRC gain yet more visibility to Digital & Offshore Assets It is well documented that global tax jurisdictions are struggling to keep tabs on the digital economy. It is therefore unsurprising that countries are keen to work together to help them pin down individuals and businesses who are not reporting… By Caroline Murphy View more
Blog26th Jun 2024 “Tis the Season” – Christmas Festivities & Employee Gifts, an Employers’ Guide to the Tax & NIC Implications Now that Christmas is upon us (“oh yes, it is!”) employers will be turning their attention to their own employees, having planned the much-awaited Christmas party! There may also be gifts for staff and even children’s Christmas parties for employee… By Caroline Murphy View more
Blog26th Jun 2024 How 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 VAT treatments to help manage your cashflow Businesses are continuing to face uncertainty arising from tensions created by the global political and economic situation and the impact of the pandemic. These issues have the potential to impact significantly on your cashflow. For many businesses, VAT can have… By Caroline Murphy View more
Blog26th Jun 2024 “Keeping up”… with Crypto With an increasing number of younger people trying their hand at crypto investments, the recent US Securities and Exchange Commission (SEC) fine, suffered by social media influencer, Kim Kardashian, should probably come as a warning to everyone. Kim was ordered… By Caroline Murphy View more
Blog26th Jun 2024 AABIE visit the newly opened playpark at SensationALL At AAB we all have it in our hearts to help others. With that in mind we launched AABIE, our charitable initiative in 2016. AABIE enables everyone at AAB Group to invest and give back to the communities in which… By Caroline Murphy View more
Blog26th Jun 2024 Inflation 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… By Caroline Murphy View more