While most business owners and self-employed professionals know that cash flow and profit are two (very) different things, there is often an assumption that if one is fine, so is the other.
Unfortunately, this misconception can be a core driver in insolvency, where a company...
Advice for Businesses Coping With Debt
May 23, 2022
Every business in every sector may have periods where they experience cash flow challenges, loss-making quarters, or difficult trading seasons - but things can become extremely hard to balance when your organisation is coping with debt.
SAS Accounting is not an insolvency pr...
The SAS Accounting team regularly highlights tax schemes and allowances that seem to fly beneath the radar - and the super-deduction is one of the most favourable (yet under-utilised) tax incentives ever offered.
As part of the drive to boost economic growth, from 1st April ...
Your April 2022 Tax Year-End Business Checklist
March 29, 2022
We've bumped and bounced our way to the end of another tax year - and getting ahead of your administration and accountancy tasks is a great way to start the new tax period as you mean to go on!
The SAS Accounting team is always on hand to help and appreciate that it can be a...
Calculating the Optimal 2022/23 Director's Salary
March 29, 2022
Although we've mentioned this briefly in our guide to Preparing for the 2022 Tax Year, we've created this more detailed post to explain how the ideal director's salary is calculated for the 2022/23 tax year.
In the year ahead, the optimal payroll structure for company d...
Preparing for the 2022 Tax Year: Wage Increases, National Insurance & Balancing Director's Pay Structures
March 21, 2022
We're just a couple of short weeks away from the start of the 2022/23-tax year, and there are a fair few changes to be mindful of if you're planning your payroll or cash flow for the months ahead.
SAS Accounting has collated a list of the enquiries we're receiving and wanted...
Making the Most of the UK Marriage Allowance
March 15, 2022
The news may be dominated by rising fuel, energy and cost of living prices, but there are several ways to streamline your tax liabilities and claim allowances to soften the blow.
One under-utilised option is the Marriage Allowance, open to either married couples or civil par...
Although it seems (dare we say it!) that most UK business sectors are slowly returning to normal, we're also now accustomed to a far greater prevalence of remote working.
Besides video conferencing and digital meetings, bookkeeping becomes somewhat trickier for fast-paced bu...
The Countdown to MTD for VAT: Are You Ready?
January 14, 2022
While Making Tax Digital (MTD) has been postponed for income tax submissions, the 1st April 2022 deadline still applies for businesses registered for VAT.
The change means that even businesses with turnover beneath the registration point (£85,000) need to file according to ...
HMRC Announces Greater Flexibility in 2020/21 Tax Returns
January 6, 2022
While self-assessment tax returns for the 2020/21 tax year remain due by 31st January 2022, HMRC has announced a series of measures to try and relieve some of the strain on businesses, which continue to be impacted by the pandemic.
Although submission and payment due dates h...
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