Industry insiders raise issue with IR35 CEST tool

Many within the contractor industry have criticised HMRC’s CEST tool as not fit for purpose. The digital tool was designed by HMRC to help contractors determine their IR35 status but it has been scathingly criticised by the self-employment industry. ContractorUK firmly surmised it as: “wrongly seen as mandatory. Too blunt to be sector-specific. Unhelpful to…

The benefits of using an accounting software

An accounting software can compliment the service provided to you by your contractor accountant as it allows you keep on top of your day-to-day bookkeeping alongside receiving support, advice and guidance from your accountant. It can really help to make your contracting life a lot easier, giving you more time to concentrate on the important…

Making Tax Digital: what you need to know so far

The Making Tax Digital (MTD) initiative was first proposed in the 2015 Spring Budget. It is an essential part of the government’s strategy to make the tax administration system more efficient, effective and easier for taxpayers.   What does this mean for you? Making Tax Digital aims to make it simpler for business-owners, landlords, and…

Benefits of financial management with the FreeAgent mobile app

As a K&B Accountancy client, you will be familiar with FreeAgent’s cloud-based accounting software which has been specifically designed for both contractors and small businesses. If you are regularly travelling and don’t always have access to your desktop, then the FreeAgent mobile app is a handy must have! You can see an overview of your…

Why April is the best time to switch your accounting software!

Our premium partners, FreeAgent, have written a guest article on Cloud Accounting. Read on to find out why April is the best time to switch your accounting software! Now that spring has officially sprung, it’s almost time for a new tax year. Whether you currently use spreadsheets, or a desktop or online accounting system, if…

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…