As noted in our earlier article covering the Tax Changes to Be Aware of From April 2023, the standard Corporation Tax rate increased from 1st April onward – although many companies will not feel the impact for several months.It is, however, important that all business owne...
Your Spring Statement 2023 Round-Up
March 15, 2023
The much-anticipated Spring Budget was delivered today, and as expected, it was based on economic growth without any major surprises.However, there was welcome news for taxpayers, businesses and savers, with changes to pension allowances, childcare support and an extension t...
Tax Changes to Be Aware of From April 2023
February 2, 2023
Over the last few months there have been multiple changes related to various taxes, with reversals and revisions that have made it difficult for many businesses to understand how their tax obligations will change, and what that means for the new tax period from April.In this...
Autumn Budget Update
November 17, 2022
The delayed autumn budget has been the topic of much speculation over the past few weeks – and although we expected many of the announcements, we now have clarity over the changes being made and when they will take effect.
Chancellor Jeremy Hunt worked through a series of ...
Latest News on UK Tax Cuts, U-Turns and Support for Businesses
October 20, 2022
While we were expecting to wait patiently for 31st October to hear more detail about the government's plans for changes to tax regimes and allowances, the political world entered a further period of turmoil - culminating in several U-turns.
Reading the headlines and trying t...
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 ...
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...
Budget 2021 - The Key Announcements
March 4, 2021
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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