2021 Self-Assessment Deadline Extended

January 28, 2022

Good news! HMRC have given an extra one month to file your personal Self-Assessment return without incurring any late filing penalties. This means the new deadline is now 28 February 2022. Also, if you are struggling to make payments by 31 January 2022, you now have until 1 April 2022 to pay.

4 reasons you know your current accountant is not right for you

Others30 June 2022

Anyone running their own business around Aberdeenshire knows how important keeping on top of their accounts is. From annual tax returns to quarterly VAT returns, monthly payroll and more, this is an area you cannot afford to ignore. The best option for most business owners is to hire an accountant…

Expert Property Development Accounting and Taxation Insights: Unveiling A2Z Accounting Solutions in Aberdeen, Scotland

Others27 March 2024

Embark on a journey through the intricate world of property development accounting and taxation with A2Z Accounting Solutions, your premier partner in Aberdeen, Scotland. As specialists in property development accounting, we understand the unique challenges and opportunities that this dynamic sector presents. In this exclusive guide, we delve deep into…

Spring Budget 2024

Budget 2024, Business Grants, Tax Advice, VAT15 March 2024

As experts in financial matters, A2Z Accounting Solutions is here to decipher the complexities of the Spring Budget 2024. We provide a thorough breakdown of the key changes announced by the government, ensuring clarity and understanding for all.

Hotel & Restaurant Deductions in the UK

Tax Advice8 March 2024

Running a hotel or restaurant in the UK is a dream for many, and for a good reason. It’s a vibrant, dynamic industry where you can build something truly special. But alongside the satisfaction comes the responsibility of managing your finances. And let’s be honest, taxes aren’t the most exciting…

Management Accounts Explained: Your UK Business’s Insightful Compass

Consultancy, Others2 February 2024

Think of management accounts as your business’s internal financial GPS. Unlike statutory accounts filed annually, management accounts are tailored reports, prepared more frequently (monthly, quarterly), to inform internal decision-making. They delve deeper than just historical financial data, providing.

Unlocking the Secrets of Family Trusts: A Comprehensive Guide to Asset Protection, Tax Optimisation, and Intergenerational Wealth Transfer

Tax Advise22 December 2023

In the intricate realm of wealth management, family trusts stand as a cornerstone for safeguarding assets, ensuring their seamless transfer across generations, and optimising tax strategies for discerning individuals and families. As an experienced accountant with a deep understanding of these legal arrangements, we frequently guide clients through the complexities…

Navigating Seasonal Cash Flow Challenges in Scotland’s Hospitality Industry

Consultancy21 September 2023

In Scotland, the hospitality industry is a vibrant tapestry of history, culture, and breath-taking landscapes. From bustling cities to picturesque countryside retreats, the sector caters to a diverse array of visitors. Yet, it’s no secret that this industry faces unique challenges due to its seasonality. Managing cash flow effectively is…

Electronic Sales Suppression

Consultancy, Tax Advice21 May 2023

Electronic Sales Suppression (ESS) has become a growing concern for the UK government in recent years. This illicit practice involves manipulating electronic records to understate sales, leading to tax evasion and significant revenue loss. This article aims to provide an overview of ESS, explore its consequences, and delve into the…

Managing financial obligations and optimising tax planning

Consultancy, Tax Advice21 May 2023

Managing financial obligations and optimising tax planning are essential for UK company directors and owners. In this blog, we will delve into the intricacies of budgeting for corporation taxes, dividend taxes, and salary planning. By following effective strategies and understanding the nuances of tax regulations, directors and owners can optimize…

Tax efficiency of buying company cars and pitfalls

Tax Advise7 April 2023

Buying a company car is considered quite a good option to save overall tax liability. However, the benefits differ for sole proprietorships and for limited companies and it also depends on the CO2 emissions of the vehicle purchased.

Tax implications of business car leasing

Tax Advice3 April 2023

Leasing company cars is gaining more popularity nowadays, especially due to its positive tax implication. Businesses generally have two options, they can either buy the business car or they can take it on lease. In order to make a well-informed decision, the benefits and drawbacks of both these options should…

How A2Z can assist to minimise your VAT liability for a takeaway or restaurant business

Restaurant, Tax Advise, VAT25 November 2022

Our observations are that businesses in the hospitality sector are losing on genuine VAT savings due to lack of proper advice. For example, you may not have registered for the right scheme, you don’t have a strong bookkeeping system which ensures you can claim every single VAT expense without failure,…

Autumn Budget 2022 Key Points

Business Grants, Tax Advice19 November 2022

The government have accumulated record amount of debts during COVID-19 pandemic, which has inevitably forced the UK to now set a high tax, low spending trajectory of at least 5 years. No doubt we will be going through a very difficult time!