FreeAgent was designed specifically with small businesses and the self-employed in mind, with a wide range of features formulated to simplify the administration of contracting. For the second year running FreeAgent was awarded Small Business Accounting Software of the Year, at the Accounting Excellence awards. It is an excellent cloud-based accounting software that makes updating…
On Thursday 20th September, K&B Accountancy Group were invited to join FreeAgent at the Accounting Excellence awards to celebrate another great year of innovation and growth within the accountancy technology world. Since 2010, The Accounting Excellence Awards in partnership with the ACCA, recognise the achievements of ambitious practices and inspiring technology providers within the profession…
A recent study published in the journal Work, Employment and Society, revealed that self-employed people are much happier and have more job satisfaction than employees. The research carried out by business experts from the Universities of Exeter and Sheffield showed that contractors are more engaged with their projects and find work to be more rewarding…
Have you heard a variety of claims about IR35 that seem to make sense but you’re just not sure if they’re true? We’ve rounded up a few common IR35 myths we’ve heard and want to debunk them for you. The legislation is complex as it is without these IR35 myths and assumptions being added to…
When you first start out in contracting, working under an umbrella company is an excellent stepping-stone into the world of self-employment. But at what point should you start considering switching to a limited company? If you are new to contracting, using an umbrella company is ideal due to the minimal administration you need to manage.…
It is important to know the difference between pushing yourself to be the best you can be and pushing yourself to the point of a burnout. As a continuation of our contractor wellbeing series, this week we will talk about the importance of getting away and why travel is crucial for life as a contractor.…
One of the most frequently asked questions from our clients on the VAT flat rate change for a limited cost business is: “what is counted as ‘goods’ when determining if they need to use the higher rate of 16.5%?” According to HMRC guidance, ‘goods’ are movable items or materials exclusively used in your limited cost…
As we are now weeks away from Christmas, and the holiday season is in full swing, we cover the most common queries about festive and annual event deductible expenses. Annual Christmas party as deductible expenses Your limited company can claim its festive or annual party as deductible expenses for corporation tax purposes. The cost…
We recently published an article overviewing HMRC’s new legislation, the 2019 Loan Charge. The government claims this to be the next phase in tackling tax avoidance. However many have raised concerns about the harshness of the new bill. There are calls for the taxman to be compassionate and flexible towards those they are taxing as…
It has almost been 3 months since the start of the 2016/17 tax year. Contractors who are eligible to claim subsistence (e.g. those who are working in temporary workplaces for less than 24 months and outside of IR35) have been able to further reduce their administrative work by utilising HMRC Benchmark Rates. From 6 April…
Completing and submitting your Self Assessment Tax Return (SATR) can seem like a daunting task, but having it prepared well in advance of the 31st January deadline will make your life so much easier. If you miss the deadline you will be subject to a penalty, and this sum will only increase the longer you…
Since the public sector reform in April 2017, we are still asked frequently by public sector contractors if they should continue using their own limited company or switch to an umbrella. The answer very much depends on each individual’s circumstances thus we would strongly encourage contractors to speak to us for tailored advice. Nonetheless, we…
OFFICES CLOSED
Due to severe weather conditions, our offices are closing early at 4pm today to ensure our employees can get home safely. Our offices will be open on Monday as per the usual hours. We apologise for any inconvenience caused and thank you for your understanding.
Thank you!
Thank you for your enquiry. We’ll be in touch soon.
|
|