Blog5th Oct 2022
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
View moreBlog28th Sep 2022
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
View moreBlog17th Aug 2022
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…
View moreBlog2nd Aug 2022
Successful business owners usually think long and hard about their exit strategies and negotiating business sales that meet their needs, but relevant tax planning is often overlooked or considered too late in the process to be effective. When you’ve put…
By Gunhild Dam
View moreBlog13th Jul 2022
Payment deadline Class 1B Employer National Insurance contributions and tax are due by 19 October or 22 October if paying electronically. For October 2022 you will need to ensure your electronic payment reaches HMRC by Friday 21 October as the…
View moreBlog7th Jun 2022
The Trust Registration Service (TRS) has been significantly extended to cover a wider range of trusts. Trustees should make sure that they understand the new rules and register trusts as required before the 1 September 2022 deadline. Trust Registration Service…
By Gunhild Dam
View moreBlog12th May 2022
Non-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 Dam
View moreBlog21st Apr 2022
With the 2021/22 tax year ending on 5 April 2022, taxpayers within the Self Assessment system will have recently received ‘notice to file’ letters from HM Revenue and Customs (HMRC). That then begs the question, do you need to file…
By Bev Holroyd
View moreBlog7th Apr 2022
Legal sector specialist and Business Advisory Partner, Joel Topham, has worked with AAB colleague and Indirect Tax Director, Alistair Duncan, to explain why confusion exists around the treatment of disbursements for VAT. Their blog should equip you with the tools…
By Joel Topham
View moreBlog12th Oct 2021
We’ve committed to supporting more family businesses through a newly announced partnership with The Family Business Network. Founded in 2014, The Family Business Network has evolved across the UK and globally as a trusted community for collaboration and learning. They…
By Joel Topham
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