At AAB our clients are at the centre of everything we do, and we know that our employees are at the heart of that offering. We are delighted to have gained Platinum Partner status with the market-leading cloud accounting software provider Xero; we know that through embracing the power of the cloud we can deliver an exceptional service to our clients and we have built up our team of cloud experts to enable us to do just that.
Offshore funds are now a common investment strategy recommended by most portfolio providers, but some of the taxable income connected to these funds can be hidden from view, which could mean individuals have missed income receipts that should have been disclosed to HMRC.
What exactly is your accountant there for? Providing a sounding board for your business plans? Offering you peace of mind? I think it’s both those things and a number of others besides. Here are just some of the reasons you need that trusted professional adviser on call:
The deadline for individuals, Trusts and Estates to submit a full disclosure to HM Revenue & Customs (“HMRC”) under the Requirement to Correct (RTC) legislation is almost upon us. With the 30 September 2018 now less than one week away, HMRC have published a timely information leaflet, simply titled “Do you have any offshore income or assets?”.
We all know what happened, we also know how difficult the last three years have been not only in local Oil & Gas communities but also globally it’s been a very tough few years. Much publicised job losses have forced some to forge new careers in completely new sectors. Significant divestments from the North Sea but recently a surge in M&A activity with not only new independent entrants into the NSCS but majors still doing deals.
The 2018/19 tax year will herald the introduction of the much-maligned Scottish rates of Income Tax and all the added complications that these bring. This is particularly relevant to Scottish resident, self-employed Dentists who will now be charged to tax at very different rates compared to the rest of the UK.