What is MTD-compatible software?

MTD-compatible software is accounting software that is able to integrate with HMRC systems to send regular updates directly to HMRC. While HMRC will not be offering their own software, they are providing the Application Programming Interfaces (APIs) to commercial software developers such as FreeAgent. These accounting software providers are currently using HMRC’s APIs to develop…

2018 Budget Statement predictions: IR35 and MTD

It has been announced that Chancellor of the Exchequer, Philip Hammond, on Monday 29th October, will present the 2018 Budget Statement. Many were expecting the Autumn Budget to be presented at a later date, but it has been brought forward to avoid clashing with any potential fall-out from the final Brexit negotiations.   IR35 For…

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…

The latest industry updates – Contractor demand on a high

It has been a turbulent few months in economic, political and social landscapes. For contractors, there have been huge variables from Brexit, to IR35 concerns that have influenced the state of the job market. Nonetheless, various sources including the IHS Markit/REC Report on Jobs indicate a soar in contractor demand. As a result of this,…

Tax for Landlords Series: Introduction

We are delighted to announce our partnership with Kingsley Hamilton Estates, who specialises in sales, new homes, lettings and property management.  K&B Accountancy Group’s clients are invited to register for VIP access to their latest property portfolio as well as exclusive pre-public release opportunities. As tax on property income is one of the most popular…

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…