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Blog13th Apr 2023

The Importance of Succession Planning for Family Businesses

Family businesses are the backbone of the UK economy. Accounting for over 88% of private companies in Britain and providing upwards of 13 million jobs. Family firms have shown they can be adaptable, entrepreneurial, innovative, and forward-thinking as many have…

By Joel Topham

Blog23rd Mar 2023

Spring Budget March 2023

HUNT FOR GROWTH Jeremy Hunt opened his first full Budget speech by declaring that it was a ‘budget for growth’. He emphasised that this would be ‘long term, sustainable, healthy growth’; after all, Kwasi Kwarteng’s ill-fated September speech at the…

Blog22nd Mar 2023

Pension Reforms – A Great Day For Savers

There 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 Andrew

Blog28th Feb 2023

The Herd Group Moves to Employee Ownership

Sagars Accountants, an AAB group company, 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,…

By Kate Naylor

Blog17th Jan 2023

The Hidden Tax Pitfalls of Cryptocurrency

If 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 Tom Andrew

Blog30th Nov 2022

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 Gunhild Dam

Blog20th Nov 2022

“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…

Blog18th Nov 2022

Autumn Statement 2022

After much speculation over the last few weeks, Jeremy Hunt yesterday presented his Autumn Statement 2022 and set out his plans to tackle the cost of living crisis and rebuild the UK economy. This was the third major fiscal announcement…

Blog7th Nov 2022

“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 Alison Hirst

Blog5th Oct 2022

Succession in a Family Business

The Chinese proverb that ‘wealth will not pass beyond three generations’ is likely to send a shiver down the spine of those who run a family business.   Whether your business has just started trading or you are thinking about retiring…

By Joel Topham

Blog28th Sep 2022

60 Day Capital Gains Tax Reporting – The Rules Recap

It’s almost been a year since the 60 Day Capital Gains Tax Reporting came into force. Our blog provides a recap of the rules on what exactly needs reporting, who needs to report it, how is it reported, when is…

By Bev Holroyd and Emily Robson

Blog17th Aug 2022

Making Tax Digital for Income Tax Self-Assessment

From 6 April 2024, Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will apply to self-employed individuals and landlords with total business and/or property income above £10,000 per year. Under MTD for ITSA, taxpayers caught by the regime will…