Changes from 4 March 2024: Improving the quality of data on the registers – greater powers for Companies House to query information, stronger checks on company names, new rules for registered office addresses, and new lawful purpose statements. Confirmation statement changes – new requirements to provide a registered email address and to confirm that the…
Category Archives: Blog
06
Jun
Jun
Did you know that some business owners are spending more than 20 hours a month dealing with payroll and associated tasks? Saint & Co recently surveyed businesses across Cumbria and Dumfries and Galloway to find out their payroll behaviours, and this is what we found: • 20% of businesses spend 20 hours per month on…
17
May
May
In an age where cash flow can be ever more difficult, adding a pay now button to your Xero invoices can lead to quicker payments by customers. To do this you will need a Stripe or PayPal account, you will need to create your sales invoices from within Xero and you will need to e-mail…
15
May
May
Saint & Co has appointed a new Head of Tax to further develop the specialist services it provides to its clients. Alex Dent has helped expand the tax department at Cumbrian-based Saint & Co since starting with the company in 2015, and she will lead the growth of the department through the new role. Having…
On March 1, the HMRC published its new Advisory Fuel Rates (AFRs) aimed at employers who reimburse their employees’ private mileage while using company vehicles. There have been very slight reductions in the suggested pence per mile values employees should claim back when driving for work purposes, in line with the price of fuel dropping…
An Electric Vehicle (EV) scheme is a tax efficient way for employees to have an electric car by salary sacrifice. This means a portion of the employee’s earnings, before tax, is used to fund repayments on an electric car which means that they do not pay tax on the monthly car payments. This will also…
Cash in king Cash is so important for a business, not only to survive but also to thrive. Look at the monies owed to your business (debtors) and make a concerted effort to collect these. Lindsay Farrer, Carlisle accountant says, “This is a really simple step to generate cash in a business but is…
05
Apr
Apr
In the Spring Budget 2024, it was announced that the government will be abolishing the Furnished Holiday Lettings (FHLs) tax regime from 6 April 2025. We are aware that these rules might affect you and thought we’d explain how they could impact you. What are furnished holiday lets? Furnished holiday lets are furnished residential properties…
Employment allowance allows eligible employers to reduce their Class 1 National Insurance liability by up to £5,000 in a tax year, subject to de minimus state aid limits applicable to your business. You can claim Employment Allowance if you are a business or charity and your employers Class 1 National Insurance liability was less than…
A POPULAR senior partner at an established accountancy firm will leave a lasting legacy as she retires at the end of March. Pauline Jackson was appointed Saint & Co’s first Tax Partner in 2007 and she has significantly developed the company’s tax department in the 25 years since starting with the firm. Under Pauline’s specialist…
