Jul 31

Holiday entitlement

Now is the time of year when many of us turn our thoughts to holidays and it is important to get holiday entitlement and holiday pay right. The June 2017 ACAS newsletter includes links to useful guidance on calculating holiday and holiday pay entitlements as well as guidance on hot weather working. The GOV.UK website […]

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Jul 27

Employment Related Securities return deadline

HMRC are advising that there have been technical issues with their Employment Related Securities (ERS) annual returns online service. Employers have to complete returns for any schemes that have been registered on the ERS online service, such as Enterprise Management Incentives (EMI), a non-tax advantaged scheme or award, Company Share Option Plan, Save As You […]

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Jul 24

ICO warning as business fined £60,000 following cyber attack

The Information Commissioner’s Office (ICO) is warning SMEs to take care or face a fine. The warning comes after a company which suffered a cyber attack was fined £60,000. The investigation by the ICO found Boomerang Video Ltd based in Berkshire failed to take basic steps to stop its website being attacked. Sally Anne Poole, […]

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Jul 21

Simplifying Corporation Tax

The Office for Tax Simplification has published their recommendations on simplifying the corporation tax computation. This report sets out some significant steps towards creating a 21st-century corporation tax system in the UK, responding to calls from businesses of all sizes to make the calculation of corporation tax simpler, with fewer changes and more time to […]

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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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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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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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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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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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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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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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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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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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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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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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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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From first going self-employed to starting a limited company, the fantastic accountants at Sage have talked me through the processes and looked after all things accounts-related, leaving me with peace of mind; free to focus on the day-to-day operating of the business. Sage handles everything for me from payroll to tax returns and their service is flawless; when I need something its done; when I need info I get it. All of their staff are friendly, professional, efficient and patient and I couldn’t manage without them.

 

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