Author Archives: Darren Little

Can academy staff use the furlough scheme?

furlough, job retention, academies

Since the UK government announced the launch of their Coronavirus Job Retention Scheme, we’ve had many academy schools reach out to find out whether it’s possible to furlough staff. Whether or not this option is available to you is somewhat of a grey area. Because schools are funded largely by the government, many of your…

Don’t lose your personal allowance!

personal allowance

For every £2 that your adjusted net income exceeds £100,000 the £12,500 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%. The restriction applies between £100,000 and £125,000 adjusted net income. Another way that you could avoid…

Why getting your accounts done early will help your business grow

Growing a successful business often requires a steady mix of disciplines. From skill and determination to sales and marketing, you need to wear many hats as an entrepreneur. But perhaps the most important when pursuing growth is your ability to be organised. And we don’t just mean remembering to send the odd invoice or running…

New rules for IR35 workers in the public sector start 6 April 2017

There are significant changes that commence on 6 April 2017 for workers in the public sector supplying their services via their own personal service companies or other intermediaries. From 6 April 2017, the public sector employer or agency that engages the worker will have to review the employment status of the worker and decide whether…

5 ways Xero online accounting improves your business and gives you a better work/life balance

Time is a precious resource for business owners. Whether you’re a farmer, hotel owner or start-up entrepreneur, the less time you spend on financial admin the more you can focus on growing your business and building customer relationships. But control over your financial management is also vital. Clear oversight of your revenues, costs, cash flow…

Cumbrian businesses will benefit from a number of announcements by the Chancellor

  This is the last budget which will take place in the spring. There will however be a second budget later on this year after which the annual budget will be in autumn each year.  This means that any changes will be well in advance of the new tax year. Predictions that borrowing will decrease…

Saint & Co’s tax expert’s views ahead of next week’s Budget

Pauline Jackson, Saint & Co’s tax partner said Inheritance changes being phased in over the next four years were an issue for her clients. She also mentioned the ‘Making Tax Digital’ scheme, which will result in any business with a turnover of more than £10,000 needing to file quarterly returns online.  “It is the complexity…