FreeAgent win Small Business Accounting Software for the 2nd year at the Accounting Excellence Awards 2018

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…

Who topped the league table for IR35 blanket decision-making?

Data obtained by ContractorUK uncovered that HMRC has topped the leaderboard for IR35 blanket decision-making, since April 2017’s changes to the legislation. A blanket-decision is when contractors are assessed collectively rather than individually for their IR35 status. From the 38% of PSCs working at public bodies to have suffered a blanket decision, nearly 19% of these…

Contractor wellbeing series: confidence has surged in the sector despite economic uncertainty

The latest Confidence Index from the Association of Independent Professionals and the Self Employed (IPSE) and PeoplePerHour has revealed that British contracting professionals show the brightest and most confident outlook on their future since before the Brexit vote. Despite the uncertainty of today’s climate from trepidation for the outcome of Brexit and economic pressures to outstanding…

HMRC has shut down a record number of fraudulent websites

Over the past 12 months, in HMRC’s pursuit of online fraudsters, it was reported that a record number of fake websites posing as HMRC have been deactivated. With the introduction of cutting-edge technology designed for tackling cybercrime, HMRC appears to have been successful with over 20,750 malicious websites having been taken down – a 29%…

Resounding industry disapproval regarding the 2019 Loan Charge

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…

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…