Family firms are the engine room of the Scottish economy, and they continue to contribute significantly to employment, economic output and the creation of wealth, on top of making a real impact on the communities in which they are located.
Anderson Anderson & Brown LLP (AAB) is one of the UK’s leading Chartered Accountants and Business Advisory Firms. Our specialist Charity Services Team of experts understands the needs of third sector organisations and has worked with many during this time of immense pressure for the sector. Our team is drawn from each of the service areas of AAB, such as audit, business advisory, payroll & employment taxes, corporation tax and indirect tax. Each member joined the charity services team because they are passionate about the impact of the work of charities do in our communities.
HMRC have now confirmed that the fifth SEISS grant will be available from late July 2021. The fifth grant will be taxable, paid in a single instalment and will cover May 2021 to September 2021.
If yes, then did you know HMRC’s online facility does not allow individuals to complete UK Self-Assessment Tax Returns (SATR) if they are a non-UK resident person?
If you are UK registered, unquoted, and meet the definition of a large company under the Companies Act 2006, then the directors are now required to report on the Streamlined Energy and Carbon Reporting Framework (“SECR”).
On Saturday 5th June, the G7 countries, comprising of the United Kingdom, Canada, France, Germany, Italy, Japan and the United States, agreed to back an historic international agreement that will bring to fruition significant global tax reform at the end of 2021. This is a step towards tackling tax avoidance in international group operations. Following years of discussions, finance ministers agreed to reforms which will see multinationals pay their fair share of tax in the countries they do business.
LinkedIn and newspaper business pages are awash with articles claiming to wisely summarise the learnings from the last 12 months, so I’m not going to stand idly by without having my say! But I will at least try to circle back to my day job, which is advising Scottish, mainly Tech-focused companies with tech-enabled business critical services group AAB.