http://www.sas-accounting.co.uk/blog/ The latest Blog feeds from www.sas-accounting.co.uk en-us Fri, 17 Apr 2026 13:36:43 +0100 Rocketspark http://www.sas-accounting.co.uk/blog/post/25280/the-covid-voluntary-repayment-scheme-what-you-need-to-know/ In September 2025, the UK Government launched a limited-time COVID Voluntary Repayment Scheme.This is a one-off opportunity for individuals and businesses to repay support they may not have been entitled to, before tougher enforcement begins next year. What Is the Scheme? A repayment window open until December 2025.Applies to all COVID support schemes, including:Coronavirus Job Retention Scheme (CJRS)Self-Employment Income Support Scheme (SEISS)Local and national business grantsBounce Back Loans... Thu, 25 Sep 2025 15:16:45 +0100 http://www.sas-accounting.co.uk/blog/#post25280 http://www.sas-accounting.co.uk/blog/post/24917/whats-coming-new-companies-house-id-checks-from-18-november-2025/ Starting on 18 November 2025, Companies House will begin requiring ID checks for company directors and those with significant control (PSCs)—with a phased, year-long introduction.Who Will Need to Verify?New directors – must verify their identity before officially taking up the role.Existing directors – will need to complete verification when they file their next annual confirmation statement during the 12-month transition period.New PSCs – will have a set timeframe from their appointment... Fri, 08 Aug 2025 08:59:49 +0100 http://www.sas-accounting.co.uk/blog/#post24917 http://www.sas-accounting.co.uk/blog/post/24831/can-you-claim-food--drink-through-your-limited-company/ Wondering if your daily coffee or working lunch can be claimed as a business expense?Here’s a quick guide to what’s allowed — and what’s not — when it comes to food and drink expenses in your Limited Company.... Thu, 24 Jul 2025 08:22:08 +0100 http://www.sas-accounting.co.uk/blog/#post24831 http://www.sas-accounting.co.uk/blog/post/24715/making-tax-digital-whats-changing-from-april-2026/ From 6 April 2026, Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) officially begins its phased rollout. This marks a significant shift in how self-employed individuals and landlords report income to HMRC. 👥 Who's Affected in 2026? Starting in April 2026, self-employed people and landlords with a combined gross income of over £50,000 from self-employment and property income will be required to comply with MTD rules.This includes individuals earning over £50,000 in total fro... Fri, 04 Jul 2025 07:55:19 +0100 http://www.sas-accounting.co.uk/blog/#post24715 http://www.sas-accounting.co.uk/blog/post/24345/what-is-a-directors-loan-account/ If you’re running a limited company, chances are you’ve heard the term Director’s Loan Account (DLA). But what exactly is it? Whether you're a seasoned business owner or a new director, understanding how DLAs work is essential to managing your company finances lawfully and efficiently.What Is a Director’s Loan Account?A Director’s Loan Account is a financial record in a company’s books that tracks the money a director owes to the company, or that the company owes to the director, out... Thu, 08 May 2025 15:25:32 +0100 http://www.sas-accounting.co.uk/blog/#post24345 http://www.sas-accounting.co.uk/blog/post/24189/optimum-directors-salary-for-2025-26-a-complete-guide-for-uk-company-owners/ Paying yourself correctly as a company director can make a significant difference to your personal and business tax bills. In this guide, we explain the most tax-efficient salary for the 2025/26 tax year and how to combine it with dividends for maximum benefit. 💼 What Is the Optimum Director’s Salary in 2025/26? For the 2025/26 tax year, the most tax-efficient salary for many directors is £12,570 per annum, which works out as:£1,047.50 per month, or£241 per weekThis salary level ensures ... Thu, 24 Apr 2025 13:20:46 +0100 http://www.sas-accounting.co.uk/blog/#post24189 http://www.sas-accounting.co.uk/blog/post/24053/maximising-your-finances-as-the-tax-year-ends/ As the UK tax year draws to a close on April 5th, you have just enough time to take stock of your financial situation and ensure you're making the most of available allowances and reliefs. Here’s a guide to key actions you can take before the deadline.... Thu, 03 Apr 2025 15:08:28 +0100 http://www.sas-accounting.co.uk/blog/#post24053 http://www.sas-accounting.co.uk/blog/post/23953/national-minimum-wage-changes--a-reminder/ Effective April 1, 2025, significant changes to National Minimum Wage (NMW) and National Living Wage (NLW) rates will be implemented, reflecting the government's commitment to ensuring fair compensation in line with the cost of living.New Wage Rates:National Living Wage (NLW): For workers aged 21 and over, the hourly rate will increase from £11.44 to £12.21, marking a 6.7% rise.National Minimum Wage (NMW):Aged 18 to 20: The hourly rate will rise from £8.60 to £10.00. Apprentices and Under 18... Thu, 13 Mar 2025 12:11:30 +0000 http://www.sas-accounting.co.uk/blog/#post23953 http://www.sas-accounting.co.uk/blog/post/23862/how-evolving-travel-policies-are-changing-employee-expenses/ The way we work has changed dramatically in recent years, with hybrid and remote models becoming the norm across the UK. As a result, traditional business travel and commuting expenses are being redefined.Recent updates from HM Revenue & Customs (HMRC) clarify that travel between an employee’s home and their permanent workplace is considered ordinary commuting—and therefore not eligible for tax relief. This has major implications for employees, businesses, and how workplace contracts are... Thu, 27 Feb 2025 17:06:39 +0000 http://www.sas-accounting.co.uk/blog/#post23862 http://www.sas-accounting.co.uk/blog/post/23804/do-you-trust-hmrc-with-your-bank-details/ For most people in the UK, dealing with HMRC is a necessary part of life—whether it’s paying taxes, filing a self-assessment, or claiming a refund. But as HMRC increasingly moves towards digital tax services, a key question arises: do we actually trust them with our bank details?HMRC's Push for Digital TaxationOver the past few years, HMRC has embraced digital transformation. Making Tax Digital (MTD) now requires businesses and self-employed individuals to keep digital records and submit VAT... Fri, 14 Feb 2025 12:11:25 +0000 http://www.sas-accounting.co.uk/blog/#post23804