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
Did you know that individuals and SMEs can be subject to HMRC tax investigation, even if there is no wrong doing on their part? HMRC have the right to conduct routine investigations into tax affairs of any business by identifying and targeting areas they believe tax is at risk. Should you be one of the … Read more
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
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
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
The construction industry has long been weighted towards the much larger main contractors, with smaller subcontractors being constantly beaten down through late payment practices, the aggressive use of retentions and often dubious contractual disputes. Add to this the uncertainty created by Brexit – causing numerous delays to projects – and it’s hard to imagine that … Read more
It’s not uncommon for the self-employed and small businesses to struggle when it comes to finding the right accounting service, usually feeling overlooked for the larger clients paying higher fees. Identifying the gap in the market and with experience working for larger and more established businesses, SAS created SAS Micro in 2016. The business specialises … Read more
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