Anderson Anderson & Brown

Chris Thompson: Key considerations for business owners in advance of selling their company

With the covid pandemic causing a shift in construction market dynamics towards an increase in consolidation in the sector, Chris Thompson of AAB discusses how business owners can prepare to sell their business to get the best deal possible in terms of after-tax proceeds.

Published 25 October 2021

Derek Gemmell: Residential property developers advised to take note of increased government attention

Anderson Anderson & Brown's Derek Gemmell examines the proposed new Residential Property Developer Tax (RPDT) on profits made by large residential property developers.

Published 30 September 2021

Lewis Dunbar: Managing working capital carefully as we exit the pandemic

The recent easing of restrictions across most of the UK has resulted in a controlled resumption of travel, return to work, house moves and socialising in homes as we manoeuvre out of the COVID-19 pandemic. This has come as a relief to everybody, and none more so than those in the construction industry.

Published 2 July 2021

Reverse charge for construction services – some early complexities

Following the introduction of the domestic reverse charge for construction services on 01 March 2021, many construction businesses will be preparing their first VAT returns under the new regime.

Published 21 May 2021

Derek Gemmell: What came of Tax Day 2021?

The Treasury and Chancellor suggested that effective tax changes would be introduced after undertaking consultation and seeking comment on the output from such consultation exercises. So, instead of this being lost in the Budget Announcement, a separate date, Tax Day, was set for the consultation announcements to be delivered on 23 March 2021.

Published 29 April 2021

Top finance tips for the construction sector in 2021

The construction sector has experienced a sustained period of challenge, with the weak period of trading many experienced mid-2020 due to COVID-19 causing finance challenges to continue.

Published 3 March 2021

How to adjust to VAT changes in the construction and property sector

Important VAT changes are coming to the construction and property sector from 1 March 2021. The Construction Reverse Charge is being introduced, changing who is responsible for accounting for VAT in relation to certain supplies.

Published 23 February 2021

Derek Gemmell: Property Developer? Here are 5 tax planning tips to be aware of

With the construction sector wrestling the challenges caused by COVID, property developers are again looking ahead and assessing new opportunities. The Construction & Property sector team at Anderson Anderson & Brown (AAB), one of the leading independent firms of chartered accountants and business advisors in the UK, highlight their top five tax planning tips for property developers.

Published 19 February 2021

Gordon Steele, AAB: Development project finance made easier

As the construction sector continues to adapt and ‘re-open’ from the lockdown measures imposed following the spread of COVID-19, property developers are beginning to navigate through the challenges that will be presented in the coming months.

Published 26 October 2020

Katy Christiansen: Changes to the Coronavirus Job Retention Scheme in July 2020

At the end of May 2020, the Government confirmed that the Coronavirus Job Retention Support Scheme (CJRS), known as furloughing, would be extended to the end of October 2020, with a Phase 2 of the scheme, allowing for more flexibility in workers furloughed but with employers beginning to contribute to the wage bill of those on furlough, beginning on 01 July, 2020.

Published 26 October 2020

Chris Thompson, AAB: Scottish Government support for SME housebuilders

The Scottish Government has launched a £100 million Emergency Loan Fund for Scottish SME housebuilders with liquidity issues due to the temporary closure of the housebuilding sector. The fund’s aim is to safeguard jobs and protect suppliers, ensure a continued supply of homes, support post-COVID-19 economic recovery and retain diversity within the housebuilding sector.

Published 26 October 2020

Charlotte Edwards: Coronavirus Job Retention Scheme & Portal - Latest Updates

Last month we discussed the impact the COVID-19 outbreak continues to have on Scottish businesses across the construction industry, and shared some of the practical steps businesses can take now. Since then we have found that top of the agenda for most businesses in the sector is looking to access the Coronavirus Job Retention Scheme, more commonly referred to as “furloughing” of employees.

Published 25 June 2020

AAB prepares for construction sector re-opening with key appointments

Anderson Anderson & Brown LLP (AAB) has appointed Derek Gemmell as head of construction & property and Stuart Rose as head of construction & property strategy as it prepares for the construction sector to re-open after lockdown.

Published 5 June 2020

COVID-19: AAB’s practical guide to steps construction businesses can take now

The COVID-19 outbreak continues to have a dramatic and unavoidable impact on Scottish businesses across the construction industry, with activity declining at the fastest pace since the financial crisis in 2009. While a considerable proportion of the construction industry has stalled all activity for the foreseeable future, there is still a need to safeguard cashflow during this period of uncertainty.

Published 14 May 2020