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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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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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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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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VAT Flat Rate

Apr 19

VAT Flat Rate Scheme – Limited cost trader

Changes are being made to the VAT Flat Rate Scheme (FRS) which take effect from 1 April 2017. These changes may mean that the FRS is less attractive to some businesses and this may result in these businesses deciding to no longer operate under the FRS. In some cases where a trader has voluntarily registered […]

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Apr 17

Providing services to a public sector – off payroll working

In the latest Employer Bulletin HMRC advise those providing services to a public sector client through their own limited company to ensure they are ready for the new rules which took effect from 6 April 2017. The new rules for off payroll working, commonly referred to as IR35 or the Intermediaries legislation, take effect from […]

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Apr 12

New Lifetime ISA

The Lifetime Individual Savings Account (ISA) is a longer term tax-free account that receives a government bonus. The accounts are available from now. HMRC have produced a helpful guide on the account. Some of which is reproduced below: Opening a Lifetime ISA You can open a Lifetime ISA if you’re aged 18 or over but […]

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Apr 10

Over £9.2 billion released by pension freedoms

Hundreds of thousands of savers have cashed in £9.2 billion from their pension pots since pension freedoms were introduced in April 2015. In April 2015, the government introduced significant pension reforms giving people the ability to access their pensions savings how and when they want. Over 1.5 million payments have been made using pension freedoms, […]

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Apr 06

Self assessment expense claims

HMRC have released a list of the most outlandish items which have been claimed as expenses. These include: Holiday flights to the Caribbean Luxury watches as Christmas gifts for staff – from a company with no employees International flights for dental treatment ahead of business meetings Pet food for a Shih Tzu ‘guard dog’ Armani […]

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Apr 04

Advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 March 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 on or […]

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Sage and Co Budget summary 2017

Mar 10

Budget Summary March 2017

Budget 2017 Summary from Sage & Co This budget 2017 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 […]

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Mar 01

COMPANIES – TAX SAVING OPPORTUNITIES

COMPANIES – TAX SAVING OPPORTUNITIES Due to the ever changing tax legislation and commercial factors affecting your company, it is advisable to carry out an annual review of your company’s tax position. Pre-year end tax planning is important as the current year’s results can normally be predicted with some accuracy and time still exists to […]

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Sage-at-March-for-Business-blog-post

Feb 14

March for Business – Finance & Funding, Ruthin Castle 1st March

March for Business – Finance & Funding, Ruthin Castle 1st March Sage & Company are keen to help educate and support business owners, whether this is to grow the organisation, purchase a business/asset or perhaps understand what types of funding are available. As a firm of local Chartered Accountants we understand the needs of small […]

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Sep 26

Sage & Co at Flintshire Business Exhibition 2016

It’s always exciting for us to get out of the office and go and chat to local businesses. You see it’s this that makes us so different to any other accountancy firms. We’re passionate about our customers and their businesses – we love working out what makes businesses tick, and how we can improve them. As […]

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Securing Business Success

Jan 05

Securing Business Success

As many as half of all businesses fail in their first three years of trading . A contributor to ensuring business success and avoiding failure is to know your enemies. Generally the main reason for the high failure rate of small newly established businesses is when the owner lacks experience in managing all aspects of […]

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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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