admin | SA Ledgers Ltd

Living Wage rates to be overhauled

by admin | Aug 5, 2024 | Employment & Payroll

In a move to put more money in working people’s pockets, the government has overhauled the remit of the Low Pay Commission (LPC). This will, for the first time, ensure the independent body considers the cost of living when it makes future recommendations to...

First interest rates cut in over four years

by admin | Aug 1, 2024 | General

The Bank of England’s Monetary Policy Committee (MPC) met on 1 August and in a very close 5-4 vote decided to reduce interest rates by 25 basis points to 5%. The 4 remaining members voted to keep the rate at 5.25%. This was the first interest rate cut announced...

Using the VAT Annual Accounting Scheme

by admin | Aug 1, 2024 | Value Added Tax

The VAT Annual Accounting Scheme is available to most businesses with an annual turnover of up to £1.35 million. Key benefits of the scheme include the obligation to file just one VAT return per year, which can greatly reduce administrative time and costs...

Sharing your home with tenants

by admin | Aug 1, 2024 | Capital Gains Tax

If you have tenants in your home there can be Capital Gains Tax (CGT) consequences. Generally, there is no Capital Gains Tax (CGT) on a property used as the main family residence, thanks to a relief known as Private Residence Relief (PRR). However, where...

Review your State Pension estimate

by admin | Aug 1, 2024 | Pension

You can access the Check Your State Pension forecast service on GOV.UK via this link: https://www.gov.uk/check-state-pension. This digital service is provided jointly by HM Revenue and Customs (HMRC) and the Department for Work and Pensions (DWP). The service enables...