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NI threshold changing from...

National Insurance (NI) payments have gone up. The government says the rise will help the NHS recover from the Covid pandemic and fund social care in England. What is National Insurance (NI)? Essentially, national insurance is a tax that counts towards your entitlement to state benefits and the state pension. This means employees, self-employed individuals, … Read more

The transition of Cloud-Accounting...

In 1999, the first cloud-based accounting software was launched by two major players: NetSuite (formerly NetLedger) and SalesForce. Since 1999, technology has improved dramatically within various industries, especially the cellular telephone, computer & software companies. Xero’s role in Cloud-Accounting Xero is one of the leading companies in providing the platform of bookkeeping, this is known … Read more

Inflation in the UK

Inflation can occur when prices rise due to an increase in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.   A large portion of the population has never experienced inflation. With issues in global supply … Read more

VAT Compliance Roadmap for...

With many tax and compliance updates coming into play this year, we’ve provided a roundup of the changes you should expect to see in the coming months. New VAT Penalty System A new penalty system will be put in place for VAT returns starting January 2023. HMRC are introducing a new system for late VAT … Read more

Ten Key Accounting Terms...

While not everyone has the opportunity to study accounting, it’s worthwhile possessing knowledge of basic bookkeeping when starting a business. Here are ten accounting term definitions to get you started to effectively communicate with your accountant; Accounts payable Accounts receivable Balance sheet Cash flow Equity Fixed cost Gross profits Inventory Profit and loss statement Revenue … Read more

SAS Charity Golf Day...

We are very excited for our upcoming SAS Charity Golf Day on the 9th September, and to celebrate we are holding a competition for one of our clients to win a complimentary ticket to the event! All you have to do to be in with a chance of winning is leave us a review on … Read more

VAT Deferral Payment Scheme

There’s good news for anyone that deferred VAT payment between 20th March – 30th June 2020. If you still have payment to make, you can now pay in instalments via the new VAT Deferral Payment Scheme, which is open until 21st June 2021. The new scheme has been put in place to allow payment of … Read more

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