Data Analytics and COVID-19

Data analytics is becoming more important than ever as COVID-19 sweeps across the globe bringing chaos in its wake.  In these challenging times the economic and societal effects of the pandemic are starting to become evident, as lockdown eases in many countries and the ‘next normal’ becomes a reality. 

"I Have Received my 2019 Norwegian Tax Assessment Notice, Now What?"

As we have now passed the submission deadline for 2019 Norwegian Tax Returns, employees who have worked in Norway during 2019 will receive their 2019 Tax Assessment Notice (TAN) at any point between now and October 2020, if not already. 

Blog 5: Putting hydrocarbons into context

This is the fifth blog in a new series from Alasdair Green, a senior member of the AAB Energy Team and Head of E&P; “Balancing the Green Energy Agenda”. You can read the blog series from the beginning here

Blog 4: The often misunderstood environmental impacts of green energy

This is the fourth blog in a new series from Alasdair Green, a senior member of the AAB Energy Team and Head of E&P; “Balancing the Green Energy Agenda”. You can read the blog series from the beginning here

2020: Shining a Spotlight on the Tech Sector

2020 will be a year remembered for many ‘unprecedented’ challenges and disruptions across the globe. It could also be said that it will be remembered for not only the increased use of technology, but the significant reliance on it for people and businesses.  

Blog 3: Can a new energy source replace fossil fuels?

This is the third blog in a new series from Alasdair Green, a senior member of the AAB Energy Team and Head of E&P; “Balancing the Green Energy Agenda”. You can read the blog series from the beginning here

Where Professional Services Firms Should be Focusing Their Efforts as Lockdown Eases

Although not directly impacted in the same way as businesses in the retail, leisure and hospitality industries, the legal sector has found that Covid-19 has triggered challenging market conditions.  A recent survey suggests that revenues in the first quarter of 2020 are down over 6% on the last quarter of 2019, and are at the lowest level in four years.  There are some more obvious reasons for the downturn such as the closure of courts and land registry but the demand for other legal services, especially around transaction support, are also suffering a dip as projects and commercial transactions are put on hold or abandoned altogether due to the current financial climate. 

Blog 2: Energy transition has been taking place for centuries

This is the second blog in a new series from Alasdair Green, a senior member of the AAB Energy Team and Head of E&P; “Balancing the Green Energy Agenda”. You can read the blog series from the beginning here

Retaining Key Employees and Maximising Cash

The past few months have been challenging for the majority of businesses throughout the world, requiring companies to juggle various important factors such as staffing levels, financing options and cash flow implications, let alone the issues and changes arising in everyone’s personal lives.   

Blog 1: Meeting green targets and growing global energy demand

This is the first blog in a new series from Alasdair Green, a senior member of the AAB Energy Team and Head of E&P; “Balancing the Green Energy Agenda”.

Key Considerations for M&A during COVID-19

There is no hiding from the fact that the Scottish M&A market has been hit hard by the Covid-19 outbreak.  A staggering number of deals have been put on hold or shelved completely over the past 3 months, as both buyers and sellers come to terms with the significant disruption caused by lockdown.  Many industries, such as the hospitality and leisure sector, that have been severely impacted by the outbreak are unlikely to see proactive M&A activity, outside of distressed sales.

VIDEO 5: Respond, Review, Restart, Repeat - Reframing Work

A video series from AAB featuring top tips on planning, operating and continuously adapting in the next normal and beyond.

Energy Transition - Promoting our competitive advantage

Momentum around our dependency on fossil fuels and climate change has been building for many years, but it has only in the last 18 to 24 months become a leading agenda item in national and world politics. It has been projected into our public conscious and government policies to such an extent that it is now absolutely inconceivable that it can be ignored or pushed aside any further.   

Tech Deals - A clear target for 2020

2020 has presented monumental challenges to global economies resulting in many people expecting a slowdown in deal volume. However, despite these unprecedented times, deal activity in the tech sector has remained buoyant as both private equity and strategic acquirers continue to seek acquisition and investment opportunities to support their growth aspirations.  

6 Month VAT Rate Cut for Tourism and Hospitality Sectors - Further Guidance

*Updated 13 July 2020*

VAT Rate Cut – Stimulus or suppressor?

As speculation increases that Chancellor Rishi Sunak will look to a reduction in the VAT rate as part of the UK Government’s economic stimulus measures, it is worth considering the potential impact on the economy and on business of a rate change. 

VIDEO 4: Respond, Review, Restart, Repeat - Looking After Your Team

A video series from AAB featuring top tips on planning, operating and continuously adapting in the next normal and beyond.

Responding to Change in the Public and Third Sector

The impacts of “lockdown” to deal with COVID-19 have shone a light on how we go about our lives.  Much of the illumination is humbling and uplifting; such as the reminder of the immense contribution of key workers and examples of flourishing community action. These last few months have also exacerbated and highlighted equality gaps – for example for low earners, those in deprived areas and many living alone with care needs. 

COVID-19 Furlough Not Disqualifying for EMI

A new clause in tax legislation has been introduced to assist individuals who may not be able to meet the working time requirements of EMI because of being furloughed due to COVID-19.  

COVID-19 is a "Reasonable Excuse"

With critical staff being furloughed, many taxpayers falling ill or businesses having lack of access to key documents due to lockdown; it is not surprise that COVID-19 is accepted by HM Revenue and Customs (HMRC) as being a “reasonable excuse” for defaults by taxpayers. 

IR35 Reform - Full steam ahead for April 2021

With less than a year until IR35 reform arrives in the private sectorcompanies must begin to think about dusting off those IR35 project plans and get to work in ensuring compliance before 6th April 2021. 

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