A GROWING embroidery company has invested £60,000 in UK-first machinery which improves productivity levels by 20 per cent to meet increased demand for its services. Wigton-based Stitch & Print is the first in the UK to introduce four high-tech Happy Japan HCU2 Embroidery Machines into its business to facilitate a sharp rise in orders from…
Category Archives: Blog
05
Sep
Sep
A TRAINEE accountant is flourishing in his new profession despite admitting he entered the industry via an ‘unconventional way’. Matthew Law, 24, is embarking on a career in accountancy with Cumbrian firm Saint & Co as he works towards his Association of Accounting Technicians (AAT) Level 3 qualification. While claiming that his route into the…
HMRC’S DEFINITION OF INHERITANCE TAX “Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who has died”. WHAT IS A ‘GIFT’ The following are considered ‘gifts’ which could be subject to Inheritance Tax: Money Household goods such as furniture and antiques Jewellery Property (a house, land or buildings) Stocks…
05
Aug
Aug
When a client goes onto an accounting software such as Xero, we are often asked why our fees have not reduced as much as expected, considering the client is doing more work themselves. The most common reason for this is that the Xero records are simply not up to date and not accurate. So, what…
01
Aug
Aug
A LEADING Cumbrian accountancy firm is widening the opportunities available to students following the appointment of a new Student Training Partner. Sophie Graham has worked with Saint & Co Chartered Accountants for more than 20 years and will oversee the training pathways of the company’s trainees and apprentices in her new role. Since the appointment,…
22
Jul
Jul
4th July ……. Independence Day “across the pond”! For us back home, it ended up being a changing of the guard in Westminster, Blue to Red, with a hint of Yellow. From a farming perspective, blue sky to red, shepherds delight or shepherds warning – only time will tell. Will the green turn brown when…
11
Jul
Jul
BUSINESSES are being urged to be on guard after a ‘convincing’ scam letter demanding payments to Companies House was sent to a Cumbria business. Saint & Co Chartered Accountants is raising awareness of the fake demand from the Governmental agency for ‘Enhanced Web Filing Access’ – a service which doesn’t exist. Clients of Saint &…
08
Jul
Jul
An enterprise investment scheme is a government initiative that can provide a source of funding to early-stage companies while offering tax benefits to its investors. The government offers EIS tax reliefs to encourage people to invest in early-stage businesses with high growth potential. These investments can help to create successful businesses which create jobs and…
26
Jun
Jun
From 1 January 2023 the new penalty points system for late VAT returns came in to force. HMRC will allocate 1 point each time a filing deadline is missed; your points for late returns will expire after the specified period has elapsed (see below) unless you go over the penalty. Points are also issued for…
21
Jun
Jun
Many people now invest in various cryptocurrencies, whether that’s Bitcoin, Ethereum, Doge, NFTs or the plethora of other crypto investments you can choose. What lots of people don’t realise is that if they are buying and selling crypto, they may have a tax liability. In the UK ‘normal currency’ like pounds and sterling are not…
