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Community Amateur Sports Clubs state - What is it and are you still eligible?

Community Amateur Sports Clubs state – What is it and are you still eligible?

November 12, 2024

Sophie Graham

What are Community Amateur Sports Clubs? Local amateur sports clubs can register with HMRC which then allows then to benefit from various tax reliefs and benefits.  The scheme is open to qualifying clubs within the UK.  This allows similar reliefs available to charities however once you have been given CASC status you cannot apply to…

Thinking of selling your furnished holiday let?

Thinking of selling your furnished holiday let?

November 8, 2024

Lindsay Farrer

If you are thinking of selling your furnished holiday property, it might be worth considering the timing of the sale and if this isn’t possible before 5 April 2025, whether its worth ceasing to trade before 5 April 2025. It might save you quite a bit of tax to consider the timing. If you sell…

Budget Spotlight - what do the Inheritance Tax changes mean for me?

Budget Spotlight – what do the Inheritance Tax changes mean for me?

November 6, 2024

Alex Dent

One of the biggest announcements in the Autumn Budget was in relation to Inheritance tax, the key changes are: Any unused pension pots will be subject to Inheritance Tax on deaths from 6 April 2027. Business Property Relief (BPR) and Agricultural Property Relief (APR) at 100% will be capped at a combined £1million for both…

Employment costs from 6 April 2025

Employment costs from 6 April 2025

November 1, 2024

Lindsay Farrer

The chancellor has announced changes to the employers’ national insurance contribution rate, increasing it from 13.8% to 15%, and the threshold at which employers’ national insurance becomes payable has been reduced by £4,100 from £9,100 to £5,000. She also announced an increase in the employment allowance of £5,500 from £5,000 to £10,500. Employer’s with employers…

Child cruelty charity to benefit from Saint & Co's birthday celebrations

Child cruelty charity to benefit from Saint & Co’s birthday celebrations

October 31, 2024

Jane Maclachlan

The era of Queen Victoria and Charles Dickens came to life as colleagues from an accountancy firm celebrated the company’s 140th anniversary. Fancy dress and traditional games were the order of the day as the offices of Saint & Co, across Cumbria and Dumfries and Galloway, raised a glass to mark the anniversary of the…

Key highlights from the Autumn Budget

Key highlights from the Autumn Budget

October 30, 2024

Alex Dent

This was a once in a generation budget, especially in relation to Inheritance Tax, Capital Gains Tax and Employers’ National Insurance, with businesses and business owners bearing the brunt of the £40bn tax hike. Much had already been leaked ahead of today with the expected rise in National Insurance for employers predicted to hit many…

Have you prepared for new tipping laws that came into force on 1st October 2024?

Have you prepared for new tipping laws that came into force on 1st October 2024?

October 18, 2024

Jackie Hemus

As of 1st October, new laws are in place to ensure that workers keep 100% of the tips, gratuities, and service charges they earn. This is a major development for employees in sectors such as hospitality, where tipping plays a significant role in take-home pay, and for employers, who will need to ensure they comply…

Saint & Co celebrates 140 years with a Victorian event

Saint & Co celebrates 140 years with a Victorian event

October 3, 2024

Jane Maclachlan

Saint & Co founded when Queen Victoria was on the throne and a pint of beer cost ha’penny is celebrating a landmark anniversary and is marking 140 years of supporting businesses and individuals across Cumbria and Dumfries and Galloway. The company, founded in Carlisle in 1884, has grown into one of the county’s leading accountancy firms,…

Why is it important to have correct pay dates on RTI Submissions when paying your employees?

Why is it important to have correct pay dates on RTI Submissions when paying your employees?

September 26, 2024

Jackie Hemus

We have come across a few cases of incorrect pay dates causing problems to employees.  Employers need to be aware of what HMRC want when making FPS/RTI Submissions. When paying employees, whatever period weekly or monthly you need to be aware of reporting dates for FPS (Full Payment Submission) HMRC use this information for any…

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