Do you know your tax obligations as a landlord?
September 26, 2019
Due to the reduction in mortgage interest relief, we are experiencing an increase in the number of landlords required to complete a Self-Assessment Tax Return.
When renting out a property you pay tax on any profit you make. Your profit is the amount of money left once all ex...
Hiring Part-Time Workers
September 18, 2019
Hiring a part-time worker can be an advantage to the business as it could be an opportunity to gain skilled individuals who might not be able to offer their services full-time. This type of employment can be appealing to people who may have young children, or other responsib...
The New Reverse Charge Date Change
September 11, 2019
The New Reverse Charge Update
Announced by HMRC in the Revenue and Customs Brief 10/2019, the new reverse charge, that was due to come into force at the beginning of next month,has been postponed until the 1st October 2020.HMRC has acknowledged that some clients have already...
Mobile Phones in the Workplace
August 22, 2019
With mobile phones becoming more present in the workplace, many businesses may want to take a harsher action towards employees using their phones during work; and understandably so.While the employer has the authority to make rules regarding mobile phones at work, there shou...
Research and Development Tax Relief
August 14, 2019
Many Businesses are missing out on Research & Development Tax Relief. Are you?Recent studies suggest that, roughly, only 5% of Research and Development (R&D) tax reliefs are being claimed by eligible small businesses.What is Research & Development tax relief?In 2000 the gove...
We're going paperless! Are you?
August 8, 2019
As SAS Accounting Services Limited works toward a paperless office, many of you could do the same!
No matter the size of your business, or how new it is, going paperless will always have its advantages. Whilst complete removal of paper might not work for every business, even...
Corporation Tax rate to decrease from 1st April 2020 to…
July 17, 2019
Companies and unincorporated associations which pay Corporation Tax are most likely to benefit from the reduced rates.In the 2015 summer budget the government announced the main rate of Corporation Tax will be 19% for the years starting 1 April 2017, 2018 and 2019; with the ...
Self Assessment Second Payment due 31 July 2019!
July 10, 2019
Just a quick reminder……self-assessment tax payers please remember that the second payment on accounts of your 2018-19 liability is due on or before midnight on 31 July 2019.The link to make the payment is as follows: https://www.gov.uk/pay-self-as...For our cli...
VAT Changes for the construction industry
July 3, 2019
From the 1st October 2019 a new set of VAT rules specifically for the construction industry will be introduced. The aim of the new “Construction Reverse Charge” is to cut down on fraud in the sector and will have quite wide ranging effects for businesses....
FILING DEADLINES31 October 2019 – Paper Returns: If you send a paper Tax Return it must reach HMRC by midnight on 31 October. The deadline may be later if it is after 31 July when HMRC sends you the letter telling you to complete a Tax Return. In this case the letter ...
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