Tips for saving for your tax bills

As an accountancy practice committed to supporting our clients, we understand the importance of effectively managing corporation tax, VAT, and personal tax liabilities in the UK. Here are some streamlined tips to help you navigate these obligations: Educate yourself on tax obligations: Understanding the basics of Corporation Tax, VAT, and Personal Tax is essential. This … Read more

A Deep Dive into SEIS

Discover SEIS, short for “Seed Enterprise Investment Scheme.” The UK government introduced the SEIS as a tax-advantaged initiative to inspire investments in emerging start-ups. Its purpose is to promote economic growth by providing tax benefits to individual investors who actively support small, early-stage companies. Furthermore, the government has confirmed recent changes in the limits available … Read more

Unlocking the Basics: An Introduction to Capital Gains Tax

What is Capital Gains Tax (CGT)? CGT is a tax that is charged on assets that you sell, give away, exchange or dispose of to make a profit or ‘gain’. The main examples are properties that aren’t your main home, disposals of shares, business assets, and personal possessions like jewellery or paintings. You will not be … Read more

Life as an Apprentice at SAS

It is well acknowledged that undertaking an apprenticeship is a fantastic way to embark on a new career. This is clearly understandable, as it offers training and on-the-job practical experience, whilst receiving a secure income. Starting an apprenticeship with SAS has been one of the greatest decisions I have made. From the first moment I … Read more

Self-assessment Deadlines/Penalties & Reasonable Excuses:

Getting your taxes correct is important, even if it’s not a particularly exciting prospect. Just as important is ensuring tax filings and payments are made on time, and correctly. Sterling Accounting Solutions are self-assessment experts, and we can help you navigate the tricky waters surrounding tax return preparations and filings so you can be confident that you … Read more

The rules for ITSA for MTD are constantly changing…

What is MTD for ITSA? Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is a new way for self-employed business owners and landlords to report earnings and pay Income Tax. MTD for ITSA will apply to individuals from April 2024, if their total gross income from self-employment and property exceeds £10,000 in a tax year. … Read more

Mental Health at work

The importance Life is all about balance. Working 5 days a week can be a high-stress environment that can at times take over our personal lives. There is no doubt that work lives play a big emotional part in our overall outlook on life, with tight deadlines, late evenings, busy days, the rise of social … Read more

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