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Tips – Changes For Employers From 1st October

New legislation has been introduced into the Employment Rights Act 1996 from 1 October 2024 to deal with tips, gratuities and service charges.

The new rules make provision for how employers must deal with qualifying tips, gratuities and service charges and for the Secretary of State to issue a Code of Practice to promote fairness and transparency in relation to the distribution of qualifying tips, gratuities and service charges.

Download our guide to learn all about the new legislation.

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Running a business while being a parent is no smal

Running a business while being a parent is no small feat!

This #MothersDay, we celebrate all the hardworking mums balancing work and family.

Tag a business mum who deserves some appreciation! 💖

#Mumpreneurs #SmallBusinessSupport #BusinessMums

🌸 Spring Statement 2025: What You Need to Know

🌸 Spring Statement 2025: What You Need to Know 🌸

The Chancellor has delivered the Spring Statement, and we’ve pulled together the key points that matter most to individuals and small businesses. From tax changes to funding updates, we’ve got you covered.

👉 Check out our concise round-up by tapping the link on our latest story! (We’ll pop it in our highlights too!)

As always, if you have questions or want to chat through what this means for you, we’re here to help.

#SpringStatement2025 #TaxUpdate #SmallBusinessSupport #KCAccountancy #FinancialClarity #UKAccounting #AccountantsWhoCare

I heard this song on a random playlist this week a

I heard this song on a random playlist this week and it resonated so much.
My family tell me regularly to slow down, but it feels like I spend every waking minute busy, whether that’s in my business, taking the kids to their various training sessions, matches and competitions. Trying to keep the house tidy and healthy food on the table (these last ones I certainly fail on!!)
Would I change it? Maybe a little bit more down time would be nice, but right now I love how active and ambitious the kids are, I love how much job satisfaction I have and I truly love having an amazing husband and family who help share the load.
One day in the not too distant future the kids won’t need me as much, and in all honesty I’m dreading that day.
A little reel to remind myself why I’m so tired all the time 😂😂🥰🥰❤️❤️

Have you ever thought, “I can’t afford a bookk

Have you ever thought, “I can’t afford a bookkeeper’?

Many business owners assume that you only need a bookkeeper if you’ve grown quickly, and your business is cash rich.

In fact, many small business owners would be surprised at how little bookkeeping costs are compared to the savings which a bookkeeper will help you make.
Your bookkeeping is more than just numbers on a page, it’s a reflection of how you run your business.

Are your finances up-to-date and organised? That shows you’re proactive and have your finger on the pulse.

Ignoring your books altogether? Well, that might be telling you it’s time to get some support.

Did you know we offer bookkeeping as a service and can work with you on regular intervals to keep everything up to date and help put you in control of your business success.

Get in touch today to find out more!

📧 info@kcaccountancyservices.co.uk
📞 01691 674792

Content from @highlyflammable.studio , a fellow KC client, featuring our own clients @niche_patisserie & @salon_xv

#smallbusiness #accountancy #bookkeeping #businessgrowth #bookkeepingservices

In February we sent an email to all our self-asses

In February we sent an email to all our self-assessment clients warning them of the changes due to Making Tax Digital and we are currently following this email up with meetings for the clients due to be affected first.

🔔 New Filing Obligation from 6 April 2026 🔔

Financial year end will remain the same, however you will need to submit quarterly returns to HMRC for each source of self-employment income and property income.

You will need to complete separate returns for each self-employment source, then all property income will go on another return

For example, you have 2 self-employed businesses, one as a domestic cleaner and a further business where you make and sell clothes - each of these will require a separate return each quarter.

You will be required to submit the returns through HMRC approved software, and here is the real kicker, each self-employment and property will need its own license as there is no software on the market available to prepare individual returns per income stream.

Initially, only sole traders and landlords with combined turnover of £50,000 and over will be mandated to comply with Making Tax Digital.

From 2027 this will apply to combine turnovers of £30,000 and over and gradually decrease down until all self-assessment returns are under the scheme. HMRC will be using turnover figures from your 2024/25 tax return and if you will be mandated from April 2026, expect to receive a letter from HMRC in May 2025.

🔔 Have you checked your state pension forecast

🔔 Have you checked your state pension forecast recently? 🔔

Time is running out to top up any missing years - HMRC and Department for Work and Pensions (DWP) are reminding customers they only have until 5 April to check their NICs record and fill any gaps from 6 April 2006 onwards.

🗓️ From 6 April 2025, people will only be able to make voluntary National Insurance contributions for the previous six tax years, in line with normal time limits.

The Check your State Pension forecast service on GOV.UK is the quickest and easiest way to check if action is required, says HMRC. The HMRC app can also be used.

People plugging gaps in their National Insurance contributions (NICs) have added £35 million to their State Pensions since last April, according to figures from HMRC.

More than 37,000 online payments have been made through the online service, equating to 68,673 years of contributions.

#pensions #statepension #taxtips #topupyourpension #HMRC #UKTaxes #TaxHelp #AccountingTips #FinancialPlanning #Accountant