Managing Business Expenses

October 16, 2019

Managing Business Expenses

Having an effective way of managing your expenses will help you to keep control of your expenditure in the simplest of ways. What are business expenses?A business expense is an expense paid by either of the following: the business, a director or an employee and is either phy...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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...
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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....
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