Over the last year, the work from home revolution has transformed the way many businesses operate. It's also common for limited company owners to put in extra hours away from the office or to operate primarily from home. Inevitably, that means some of your work is carried ou...
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The Job Retention Scheme seems to have been around forever, and something around eleven million workers have benefited from over the last few months. Now, furlough isn't suddenly falling off a cliff (the scheme runs until September 2021), but it is about to change. Here we'v...
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Aside from the slight stumbling block on the 'lockdown route map', most British businesses are now back at work or expecting to reopen in the next four weeks. However, the SAS Accounting team works with hundreds of small companies and sole traders, some of whom feel that the...
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Over the last year, we've seen a range of financial support initiatives, grants and loans. Those included the: Coronavirus Interruption Loans (CBILS and CLBILS)Bounce Back Loan Scheme (BBLS) As these programmes come to an end, many businesses have been left concerned about h...
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Each tax year, directors need to make decisions about how to structure their remuneration. Typically, that includes a basic salary and dividends. The optimal salary depends on several factors:Whether they have additional income or employment.Their income tax bracket and appl...
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Just before the start of this new 2021/22-tax year, HMRC announced changes to how crypto assets - those funds held in or earned through cryptocurrencies - are taxed. As a relatively new concept, there is a great deal of confusion about the legality and declaration requiremen...
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One of the most popular services the SAS Accounting team offers is payroll processing. We appreciate that managing staff, calculating tax and National Insurance deductions, applying allowances and producing accurate, on-time reporting can be a substantial pressure for many b...
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While the gradual reopening of business sectors is great news overall, many companies have deferred VAT liabilities. They are now considering how they will get back on top of their finances when regular trading resumes. There are two options available, applicable to VAT defe...
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Following yesterday's Budget, the SAS team has compiled this summary of the most significant announcements to help you see where this might impact your business and trading to plan for the coming months....
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After weeks of speculation, this weekend we heard more indicative news that the Stamp Duty holiday, which saves buyers up to £15,000 on every UK property purchase, is likely to be extended for a further six weeks. Let's consider how this is likely to impact the property mar...
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