Your rural accountancy practice.

A small and independent, rurally based accountancy practice, we are well positioned to service a variety of clients in Mid & North Wales and Shropshire.

About Us Our Services

More than just an accountant

As an accountant, we don’t just file your tax return and prepare accounts. We work with you to build your business and ensure success with growth, whilst also assisting with personal tax matters and being your support when you need it most.

If you would like to find out how we can help you, book a discovery call with us today!

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Rated 5.0 on Quickbooks ProAdvistor

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Book your free no-obligation consultation today

Get in touch and find out how we can help you

Tel. 01691 674792
Email. info@kcaccountancyservices.co.uk

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Would you hire someone who isn't qualified or does

Would you hire someone who isn't qualified or doesn't have the expertise to work alongside you in your business? I guess the answer is No!

So, our point is, why would you struggle with your bookkeeping that takes you away from core business activities, or means you don't get precious time with your loved ones, when you could be outsourcing it to an expert who will give you the time back along with lots of useful ideas to streamline your financial processes? 💻

Outsourcing your bookkeeping to a qualified bookkeeper or accountant not only ensures accuracy and compliance but also frees up your valuable time to focus on what you do best – running and growing your business.

Let's talk about how we can help streamline your financial management and give you back that precious time!

Get in touch

📧info@kcaccountancyservices.co.uk
📞01691 674792

#Bookkeeping #Outsourcing #BusinessEfficiency #FinancialManagement #TimeManagement #SmallBusiness

Well, it was as we were warned, difficult with som

Well, it was as we were warned, difficult with some major tax rises! Here is our quick round up following Chancellor Rachel Reeves budget announcement…👇🏻

1. Employer’s National Insurance contribution rate will rise to 15% from 13.8%, however, added to this rise the threshold at which point the contributions are due will fall from £9,100 to £5,000 per annum.

2.For the smaller businesses and employers who currently benefit from the employment allowance, this is due to increase from £5,000 to £10,500 per annum, meaning the first £10,500 of employer’s national insurance contributions will be covered by the allowance and will not need to paid.

3.National Living Wage for age 21 and over to £12.21, a rise of 6.7% and to £10 for 18–20-year-olds.

4.Lower rate of Capital Gains Tax will rise from 10% to 18% and higher rate from 20% to 24%

5. 5p cut in fuel duty will remain in place for a further 12 months

6.You will see a penny cut on your pint in the pub!

7.Hand rolling tobacco to have a 10% increase in duty applied this year and a flat rate duty on all vaping liquid from October 2026

8.Stamp-duty land tax surcharge for second homes will increase by 2% to 5%

9.Corporation tax capped at 25%

There were many more announcements, of which we will send a detailed round up to all our clients over the next few weeks with explanations as to how the changes may impact you.

We are interested to know your thoughts, was it as expected, perhaps even positive – let us know in the comments 👇🏻

#autumnbudget #smallbusiness #taxnews

As the date approaches, we're keeping a close eye

As the date approaches, we're keeping a close eye on what changes could impact your finances and business. Here’s what to consider and what we’re hoping for:

🔍 What to Watch For:

-Tax Adjustments: Anticipate potential changes to income tax rates, thresholds, and allowances. This could affect both personal and business finances.

-Business Incentives: Look out for possible updates on reliefweds, grants, or incentives aimed at supporting small businesses and entrepreneurs.

-Green Initiatives: We expect the budget might include new measures to support sustainability and green investments—be ready to explore potential benefits.

🤞 What We’re Hoping For:

-Increased Reliefs: More reliefs for businesses to help with post-pandemic recovery and economic uncertainty.

-Simplified Taxation: Streamlined tax regulations to make compliance easier and more transparent.

-Support for Innovation: Enhanced support for research and development to drive growth and innovation in various sectors.

Stay tuned as we break down the budget’s impact and how it could affect your financial strategy. As always, we’re here to help you navigate these changes and make the most of any new opportunities!

#LabourBudget2024 #AutumnBudget #UKFinance #TaxChanges #BusinessSupport #Accountancy #FinancialPlanning #Budget2024

Heads Up, UK Parents: High Income Child Benefit Ch

Heads Up, UK Parents: High Income Child Benefit Charge for 2024/25

It's crucial to be aware of how the High-Income Child Benefit Charge (HICBC) might impact your finances. Here’s what you need to know for 2024/25:

🔢 Income Threshold: If either you or your partner earn over £60,000 annually, you could face this charge. The higher your income, the more of your Child Benefit could be reduced.

💸 How It Affects You: For every £100 you earn above £60,000, 1% of your Child Benefit will be taxed. This means if you earn £70,000, you could see a 50% reduction in your Child Benefit.

📝 Steps to Take:

Review Your Income: Check if your earnings exceed the threshold.

Declare It: If you’re affected, you’ll need to report it on your Self-Assessment tax return and adjust your payments accordingly.

Seek Advice: Unsure how this affects you? We can help you navigate the complexities and ensure you’re managing your tax obligations effectively.

Don’t let this catch you off guard—stay ahead and plan wisely!

#HighIncomeChildBenefitCharge #HICBC #TaxYear2024 #UKTaxes #ChildBenefit #Accountancy #FinancialPlanning #TaxAdvice

TOP TIP... Did you know that if you’re married

TOP TIP...

Did you know that if you’re married or in a civil partnership, you could be missing out on valuable tax savings? 💍

The UK Marriage Allowance allows one partner to transfer up to 10% of their personal tax-free allowance to the other, potentially saving up to £252 a year!

Here’s how it works:

1. Eligibility: One partner must earn less than the personal allowance (£12,570 for 2024/25), and the other must be a basic rate taxpayer.

2. Transfer: The lower earner can transfer 10% of their allowance (£1,257) to their partner.

3. Claim: You can apply for this allowance online via the HMRC website or with help from your accountant.

Don’t let this opportunity slip by—check if you’re eligible and claim your savings today! If you need help navigating the process, we’re here for you!

#MarriageAllowance #TaxSavings #UKTaxes #Accountancy #FinancialAdvice #CouplesFinance #TaxTips

Growing your business but hitting some stumbling b

Growing your business but hitting some stumbling blocks? Swipe to learn how to tackle them and keep moving forward...👉

It’s important to remember EVERY business faces challenges.

It’s how you handle them that makes the difference. Keep pushing forward and stay resilient!

Remember our door is always open, we love hearing your ideas and being a sound board for you.

Link to website in bio or get in touch today! 👩‍💻

📩 info@kcaccountancyservices.co.uk
📞 01691 674792

#BusinessGrowth #Entrepreneurship #AccountingTips #SmallBusiness #BusinessStrategy #OvercomeChallenges