We have been nominated for The ContractorUK Awards 2016!

As the end of the year approaches, it is a special moment to reflect upon the achievements of the past year. With that in mind, we are pleased to inform that both K&B Accountancy Group and Cloud9 Umbrella have been nominated for the Best Contractor Accountant (Small/Medium) Award and Best Umbrella Company Award respectively by…

Autumn Statement 2016: how will this impact recruiters and their temporary workforce

Philip Hammond the Autumn Statement 2016, his first as Chancellor, and it has come as little surprise that the contracting industry will be significantly impacted after the announcements made on Wednesday 23rd November. Although the Chancellor did not vocalise these changes during the speech itself, there are a number of proposals that will come into…

What does the Autumn Statement mean for contractors?

Philip Hammond delivered the Autumn Statement 2016, his first as Chancellor of the Exchequer and we’ve summarised the main announcements relating to contractors: 1. VAT Flat Rate Scheme (FRS) A new Vat flat rate of 16.5% will be introduced from April 2017 for contractors who have little expenses. For example, an affected IT contractor with…

Paperless accounting – improving the way we work online with our clients

We have made further improvements to the way we communicate with our clients online. Paperless accounting is designed to make contracting hassle-free, our cloud accounting platforms help you manage your accounts on the move, anytime, anywhere. Our K&B OpenSpace, powered by IRIS, is an easy and secure way for clients to work with our accountants…

Festive and Annual Event Expenses – FAQs for Contractors and Freelancers

As we are now just a month away before the holiday season starts, our experts answer the most commonly asked questions about festive and annual event expenses: Q. Can my limited company claim festive or annual party as deductible expenses for corporation tax purposes? A. Yes. The cost of entertaining your employees, as long as…