KC Accountancy Services News

Furnished Holiday Lettings – Forthcoming Changes to the Tax Rules

The Benefits of Accountancy Software for Business Owners

A Guide to Self-Assessment Registration

Understanding VAT registration

Changes to employment law 2024

Real time reporting of Capital Gains Tax for the sale of a residential property

Budgeting tips for small businesses

Tax Planning Strategies for Business Owners

How to set business goals for 2024

Tax deductible expenses for Sole Traders

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Email. info@kcaccountancyservices.co.uk

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We would like to take this opportunity to wish all

We would like to take this opportunity to wish all our amazing clients and followers a fabulous Christmas and a Prosperous New Year. 🎄🤍

Just a reminder, the offices are closed until Monday 6th January 2025.

So, Why is it Beneficial for Employers? 👇 -At

So, Why is it Beneficial for Employers? 👇

-Attract and Retain Talent: BIKs can make your employment package more appealing and help you stand out in a competitive job market.

-Boost Employee Morale: Perks like health insurance or company cars enhance job satisfaction and productivity.

-Tax Efficiency: Some BIKs can be more tax-efficient for both employer and employee compared to a salary increase.

💡 Tip for Employers: Ensure accurate reporting to HMRC to avoid penalties and keep your payroll smooth!

Enhance your team's experience while staying compliant.

#UKAccounting #BenefitsInKind #TaxTips #Payroll #EmployeeBenefits #EmployerPerks

When your financial records are organised, everyth

When your financial records are organised, everything flows more smoothly.

If you're doing your own bookkeeping:

1. Set a Routine: Set a Routine

2. Save receipts and invoices straight away: Digital receipts are your best friend. If you have software to help manage this, you can take a photo and upload as you spend.

3. Invest in Software: Cloud-based bookkeeping software makes staying organised effortless—track expenses, send invoices, and monitor cash flow all in one place.

4. Delegate: If bookkeeping feels overwhelming, don’t hesitate to delegate it to a bookkeeper or accountant like us. You don't need to do this alone!

Getting organised is the key to unlocking smoother, stress-free business finances. Need help putting an organised system in place?

Let’s chat about how we can help you stay on top of your bookkeeping.

Head to our webiste or just get in touch, we are here to help!

Recharges vs. Disbursements: VAT Explained! In t

Recharges vs. Disbursements: VAT Explained!

In the UK, knowing when to charge VAT on expenses you pass to clients is essential! Here’s a quick guide:

🔹 Recharges: When you pay for goods or services that benefit your business and then pass these costs to your client, this is a recharge. VAT should be applied to these costs, as they are considered part of your service. Examples include travel expenses and professional fees.

🔹 Disbursements: When you pay for goods or services on behalf of your client directly (meaning they’re the end-user), this is a disbursement. VAT does not apply here, as you’re merely passing along a cost. Think of postage fees paid on behalf of the client.

Understanding the difference helps you stay VAT-compliant and avoid overcharging your clients!

#UKAccounting #VAT #Recharges #Disbursements #TaxTips #SmallBusiness

Planning your office Christmas party? 🥳🎄 Di

Planning your office Christmas party? 🥳🎄

Did you know HMRC allows you to spend £150 per head on your staff Christmas party without getting taxed?

It's a fantastic way to treat your team while keeping it tax-efficient!

It’s just like how I help my clients ensure their business expenses are properly claimed.

Keeping track of what's allowable can make all the difference.
Make sure you're on top of your allowable expenses this festive season. ✨

Want to find out more? Drop me a message and we can chat through what you need!

We will be closing our offices on Friday 20th Dece

We will be closing our offices on Friday 20th December and reopening on Monday 6th January 2025.

During this period, we will be processing essential payrolls only and otherwise enjoying the festive period with our families and recharging our batteries, ready to help our clients thrive and succeed in 2025. 🎄🤍