Sage-blog-headers-land transaction tax

Jul 19

Land Transaction Tax

From April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT) in Wales.  Land and Buildings Transaction Tax (LBTT) already applies in Scotland. Like SDLT (and LBTT), LTT will generally be payable on the purchase or lease of a building or land. The new tax may, therefore, be relevant to house buyers and […]

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Jul 13

Latest guidance for employers

HMRC have issued the latest version of the Employer Bulletin. This edition has articles on a number of issues including: P11D and P11D(b) filing and payment deadlines Paying the right amount of tax through PAYE Construction industry scheme repayment claims for limited companies The Apprenticeship Levy and funding of apprenticeship training Tax-free childcare rollout including […]

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Queen’s Speech and proposed legislation

The Queen delivered the 2017 Queen’s Speech on 21 June which set out the government’s agenda for the coming parliamentary session. The speech outlined the government’s proposed policies and legislation. This Queen’s speech announced that the government will focus on: delivering a Brexit deal that works for all parts of the United Kingdom and building […]

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More-than-Numbers-post-square

Jul 07

Exciting new post at Sage & Company for an Audit/Accounts Senior

This leading firm of Chartered Accountants wish to appoint an Audit/Accounts Senior.  You will be joining the friendly team of a leading firm of Chartered Accountants in their St Asaph office. We welcome applicants with a wide range of experience being, fully qualified, part qualified or qualified by experience.  The successful candidate will enjoy a […]

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Sage-blog-headers-Juneransomware

Jun 30

National Cyber Security Council | Guidance protects against ‘ransomware’ attacks

The National Cyber Security Council (NCSC) has published guidance for small businesses about how they can prevent, detect and respond to ransomware attacks following the widespread ‘WannaCry’ ransomware attack in early May. Further guidance has been produced by the Charity Commission for England and Wales for charity trustees on this issue. Internet links: https://www.ncsc.gov.uk/guidance/ransomware-latest-ncsc-guidance https://www.gov.uk/government/news/ransomware-threat-keep-your-charity-safe

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Sage-blog-headers-Junetpr name and shame

Jun 27

The Pensions Regulator name and shame those who fail to comply

The latest Compliance and Enforcement Bulletin from the Pensions Regulator (TPR)  makes interesting reading as it sets out cases and the powers TPR have used relating to automatic enrolment and associated employer duties. TPR are warning employers that ignoring TPR penalties could seriously damage a business’ reputation. TPR are maintaining a tough approach towards those […]

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Sage-blog-headers-Junefuel rates

Jun 22

Advisory fuel rates for company cars

New advisory fuel rates for company cars have been published which took effect from 1 June 2017. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken […]

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Sage-blog-headers-Junerising emplyment stats

Jun 19

Rising employment statistics

Rising employment statistics: –  The Office for National Statistics has published the latest employment statistics which reveal: Estimates from the Labour Force Survey show that, between October to December 2016 and January to March 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from […]

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Sage-blog-headers-Junechildcare

Jun 15

Tax Free Childcare and childcare options

Tax Free Childcare, the new government scheme to help working parents with the cost of childcare launched at the end of April and is being rolled out to parents, starting with those parents with the youngest children first. For every £8 a parent pays in, the government will pay in an extra £2. Parents can […]

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blog-may-investment bond

Jun 02

Investment Bond launched

National Savings and Investments (NS&I) has recently launched a government-backed Investment Bond. The main details of the Bond are as follows: minimum deposit of £100 balances on the account must be between £100 – £3000 applications can only be made online and up to April 2018 applicants must be aged 16+ years fixed interest rate of […]

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Sage-blog-headers-newworkplace pensions

Jun 01

Auto Enrolment Workplace Pensions and Making Tax Digital | Conwy Business Centre July 6th

Auto Enrolment Workplace Pensions and Making Tax Digital | Drop in session July 6th Things have been really busy at Sage & Company in May and we wanted to extend our successful drop in sessions that we have been doing…. so we have added an extra date at Conwy Business Centre on 6th July 2017 […]

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blog-may-vat fuel

May 29

VAT fuel scale charges

HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2017. VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business. Please do get […]

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blog-may-PAYE tax system

May 23

Changes to the PAYE Tax system using Real Time Information

HMRC have announced that from the end of May 2017 they will be using Real Time Information (RTI) to make adjustments to employee tax codes in-year as and when the need arises. HMRC states that this change in procedures will: offer more certainty to employers and their employees reduce the instances of unexpected tax bills […]

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blog-may-payroll public sector

May 19

Off payroll working in the public sector rules amended

From 6 April 2017, new tax rules were introduced which potentially affect individuals who provide their personal services via their own companies (PSCs) to an organisation which has been classified as a ‘public authority’. Amendments have now been made to the definition of a public authority. Where these rules apply: the public authority (or an […]

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May 17

P11D deadline approaching

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2017, are due for submission to HMRC by 6 July 2017. The process of gathering the necessary information can take some time, so it is important that this process is not left to […]

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blog-may-general election tax law

May 15

General Election and tax law | Business response to General Election

General Election and tax law With the announcement of a snap General Election on 8 June the time available for scrutinising proposed legislation was short so the Finance Act was rushed through Parliament. Many clauses have not made it to the final legislation due to time constraints. These include the provisions to enable Making Tax […]

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tax free child care

May 08

Tax-Free Childcare to be rolled out from 28 April 2017

Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, will be launched from 28 April 2017. For every £8 a parent pays in, the government will pay in an extra £2. Parents can receive up to £2,000 per child, per year, towards their childcare costs making a total amount […]

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Sage-blog-headers-gender pay gap

May 04

Equality – Gender pay gap reporting

The government has introduced new requirements for all private and voluntary sector employers of over 250 people relating to equal pay reporting from April 2017. The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (SI 2017/172) mean that large employers must calculate and publish the difference in mean and median pay and bonuses between […]

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Sage-blog-headers-minimum wage

May 02

National Minimum Wage rises again

Employers need to ensure they are paying their employees at least the appropriate National Minimum Wage (NMW) or National Living Wage (NLW) rate. The rates increase from 1 April 2017. From1 October  2016 From1 April2017 NLW rate for workers aged 25 and over £7.20* £7.50 the main rate for workers aged 21-24 £6.95 £7.05 the […]

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Sage-blog-headersworkplace pensions

Apr 27

Auto Enrolment Workplace Pensions and Making Tax Digital | Come to our drop in sessions!

Auto Enrolment Workplace Pensions and Making Tax Digital | Drop in sessions throughout May Things are going to be really busy at Sage & Company in May and we wanted to share our plans with you! We have recently begun to engage our clients in respect of the introduction of Auto Enrolment Workplace Pensions and […]

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My firm and family can only but support and endorse your endeavours. Thank you for your ever willing help, from all colleagues at every level of Sage and Company, to reduce any concerns that I may have had to enable my life to be as ‘stress free’ from as many ‘financial worries’ as painlessly as it is possible to be, and with such a pleasant attitude and disposition.

 

 

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