Saxton Vincent Accountancy

04/04/2026

16/03/2026

📢 We’re Hiring – Bookkeeper Wanted!

We are currently looking for a reliable and detail-oriented Bookkeeper to join our team.
If you have experience in bookkeeping, and are organised and efficient, please get in contact.

📩 Interested?
Please send your CV via direct message or email to apply.

Feel free to share this post with anyone who might be a good fit!

22/12/2025

Proud to support such an amazing cause! This brilliant club helping out local families once again 👌

27/11/2025

🌟 26 Nov 2025 Budget changes for Employers and Employees 🌟

The new Budget brings a few important changes that will affect pay, pensions and what employers need to plan for.

👉 Pensions: From 2029, there’ll be a limit on how much you can put into your workplace pension through salary-sacrifice before paying National Insurance. The new cap is £2,000 a year.

👉 Minimum Wage: Good news for lower-paid workers — the minimum wage will increase to £12.71 an hour in April 2026, with boosts for younger workers too.

👉 Taxes: Income-tax and NI thresholds are staying the same for now, which means as wages rise, more people may drift into higher tax bands over time.

👉 For Employers: Higher wage costs and fewer NI savings on pension schemes could mean businesses need to rethink pay and benefits over the next few years.

26/11/2025

📣 Budget 2025

Key Updates for Business Owners & Self-Assessment Taxpayers

Here are the headline changes from todays Budget that matter most to business owners, directors, landlords and investors:

💼 For Business Owners & Employers
● 100% CGT relief on Employee Ownership Trust (EOT) transfers is reduced to 50% on any disposal on or after today – weakening this previously attractive exit route.
● Sector support: lower business-rates for retail, hospitality and leisure from 2026/27.
● New VAT relief for businesses donating goods to charities — effective 1 April 2026
● Cross-border VAT grouping rules revert to the previous whole-entity approach from 26 Nov 2025
● No changes to VAT rates or thresholds which I know many of you were concerned about.

🧾 For Individuals & Self-Assessment Filers
● Income tax thresholds frozen until 2030/31 – A stealth tax rise meaning more people pushed into higher tax bands (“fiscal drag”).
● Dividend tax increases by 2 percent from April 2026. Basic dividend tax rate will be 10.75%, higher dividend tax rate will be 35.75%.
● Property income will be taxed seperatly and will be taxed at 22% for basic rate tax payers and 42% for higher rate tax payers.
The mortgage interest tax relief will be given at 22% for individuals.
● Savings income tax also rises by 2 percent from 2027.
● Salary-sacrifice pension contributions capped from 2029 – only the first £2,000 per year will receive NI savings.

📌 What This Means
We are to expect higher tax exposure for company directors, landlords, investors and anyone earning outside PAYE.
Business exit strategies may need revisiting due to changes in CGT/EOT relief.
Pension planning for directors and higher earners may require major adjustment.

We will shortly provide all clients via email with a comprehensive analysis of today’s Budget and the potential implications for your business and personal income.

🌟 If you’d like a personalised breakdown or tax-planning review based on the new rules, feel free to get in touch.

16/09/2025

📣 Exciting News – We’ve rebranded!

Vincent & Co Accountants is now Saxton Vincent Accountants.

As part of this change, Steve Vincent has taken a well-deserved step back into partial retirement, though he’ll still be with us part-time. Meanwhile, Hollie Saxton has taken a step forward, leading the firm into its next chapter.

While our name is new, our commitment to providing professional, friendly accountancy and taxation services across Torbay and the surrounding areas remains the same.

✅ Same trusted team
✅ Same quality service
✅ Fresh new look for the future

Thank you for your continued support – we look forward to working with you as Saxton Vincent Accountants.