Oct 06

Emergency Budget Update

Update on the recent emergency budget. Read all about it here

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Apr 21

BUDGET 11 MARCH 2020 – Summary

BUDGET 11 MARCH 2020 – Summary This Summary covers the key tax changes announced in the Chancellor’s speech and includes tables of the main rates and allowances. At the back of the Summary you will find a calendar of the tax year with important deadline dates shown. We recommend that you review your financial plans […]

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Mar 28

Help with any identified cash flow shortages

Do you as owners have private funds? If so, is it appropriate to introduce these to the business as some or part of the way forward? Banks – your bank should be able to provide advice as to what options each provider is making available to customers. It is widely expected that capital repayment holidays […]

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Mar 27

AM I ELIGIBLE FOR FINANCE UNDER CBILS?

The scheme is designed to support smaller businesses (SMEs) who do not meet a lender’s normal lending requirements for a fully commercial loan or other facility, but who are considered viable in the longer-term The announcement on the Gov.uk website lists the various measures available and who is administering them https://www.gov.uk/government/publications/businessessupport – it is comprehensive […]

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Mar 25

Managing cash flow during the COVID-19 situation

This section is vital in the whole planning stage, it is important to look at what money is coming in, when and what money is going out. Once you have this information you will be able to assess the position and also have the necessary information to defer payments, chase debtors earlier or apply for […]

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Mar 24

Useful information and links – COVID-19

Click here to download our leaflet dated 24/03/20  In times of great uncertainty, it can be difficult to know where to begin or how to plan to see your business through the coming days, weeks and months. As many of our clients will be facing the same difficulties, we have put together this help sheet […]

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May 31

Consultation on extension of IR35 rules

HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector, a year ahead of its implementation on 6 April 2020. In the guidance, HMRC state that the responsibility to determine whether the off-payroll working rules apply will fall on the organisation receiving the individual’s service. […]

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Aug 08

Sage and Company Chartered Accountants are proud to sponsors of the Denbigh & Flint Agricultural Show

Sage & Company Chartered Accountants are proud to sponsor the Denbigh & Flint Agricultural Show again this year. With agricultural accounting being at the forefront of our specialisms, we have developed well-established links with other professional practices strongly associated to the rural community. As such, we pride ourselves on our strong connections with the local rural […]

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Apr 25

Welsh Land Transaction Tax introduced

From 1 April 2018, Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA). HMRC has published guidance on the introduction of the new tax and the way in which property transactions straddling 1 April 2018 and cross border transactions will be dealt with. […]

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Feb 28

HMRC halts thousands of scam text messages

HMRC have announced that they have stopped thousands of taxpayers from receiving scam text messages ‘with 90 percent of the most convincing texts now halted before they reach their phones’. HMRC’s press release states: ‘Fraudsters alleging to be from HMRC send text messages to unsuspecting members of the public. In these messages they will make […]

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Feb 26

Updated list of professional subscriptions

Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations. The costs are tax deductible generally where the individual must have membership to do their job or it is helpful for their work.  Where the fees are paid by the individual’s employer this will not […]

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Feb 22

Scotland revise income tax bands

Derek Mackay, Scottish Finance Secretary, has made a change to the proposed Scottish income tax bands for 2018/19 which he announced in December 2017 in the Scottish Draft Budget. The change is being made to ‘remove an anomaly that meant some higher rate taxpayers saw their bills fall while others on slightly lower incomes saw […]

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Feb 20

What will the Spring Statement bring?

We had two Budgets in 2017 and the Spring Statement is planned for Tuesday 13 March. The Chancellor Philip Hammond has previously stated that at the Spring Statement he will respond to the Office for Budget Responsibility forecast, consider longer-term tax challenges and start consultations on how they can be addressed. The government has the […]

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Feb 16

Tax-free childcare roll out

The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out to eligible parents in stages. The scheme first made its debut in April 2017 and although there have been initial systems problems, HMRC’s aim is to have the scheme open to all eligible […]

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Feb 14

HMRC rejected Self Assessment expenses and excuses

HMRC have released the latest list of imaginative excuses made by individuals who failed to submit their self assessment return by 31 January deadline in 2017. Excuses include alien sightings and being too busy touring with a one-man play. HMRC’s annual list of outlandish excuses is used to publicise the self assessment deadline of 31 […]

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Aug 22

Latest labour market statistics

The latest labour market statistics for the period March to May 2017 showed a 175,000 rise in employment and 64,000 fall in unemployment. Estimates from the Labour Force Survey show that, between December 2016 to February 2017 and March to May 2017, the number of people in work increased, the number of unemployed people fell, […]

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Aug 17

How about a career in accountancy?

Sage & Company Chartered Accountants have a fantastic opportunity for an apprentice to join the team in their St Asaph office. Sage & Company are looking for an energetic and forward thinking individual to support the accounts, tax and audit services offered.  The practice is a well-established, professional and friendly firm with a focus on […]

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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 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 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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Open Quote

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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