Author Archives

• Tax matters of an LLP

  By kgaccountantsblog on 03/02/2015 • ( 0 )

  

  Tax matters of an LLP Tax Matters of  the LLp can be complicated some times. It’s easy to assume it’s going to be subjected to Corporation tax which is not the case. From the start HMRC will set it up… Read More ›

• Starting a Job as a Plasterer this week, How do you really grow or expand your business?

  By kgaccountantsblog on 02/02/2015 • ( 0 )

  

    Seasonal factors to consider when starting out as a plasterer: Exterior finishing such as rendering is very dependent on the outside weather and there may be times when very wet or very cold conditions prevent you from working outside. The construction industry… Read More ›

• Charity Accounts – Check List

  By kgaccountantsblog on 27/01/2015 • ( 0 )

  

  If your a charity organisation and also registered with  companies House with a turnover of between £25,000 to £250,000, there are a few things below you need to tick off your check list…………… THE FIRST IS – You must prepare accruals… Read More ›

• Work that falls within the CIS scheme

  By kgaccountantsblog on 26/01/2015 • ( 0 )

  

  It’s  important to know which type of work falls under the Construction Industry Scheme. Some times it might not be obvious  but all the same good to know what is what. How to Deal with Sub Contractor payments Under the… Read More ›

• Do you work in the Construction Industry? you might be due for a Tax Refund!!

  By kgaccountantsblog on 20/01/2015 • ( 0 )

  

  Are you are a self employed  Sub – contractor working in the construction industry in the UK, you might be entitled to a tax refund!  A sub-contractor is a self-employed person registered under the HMRC Construction Industry Scheme (CIS), to work… Read More ›

• Tax for Self-employed: tax allowable expenses

  By kgaccountantsblog on 19/01/2015 • ( 0 )

  

  Many business purchases can be offset against income tax. If you are self-employed, you can claim expenses against your tax bill, but not all business expenses qualify, so it’s important to make sure your claim is valid. As a general… Read More ›

• BUILDERS & DECORATORS – Construction Industry Scheme (CIS)

  By kgaccountantsblog on 14/01/2015 • ( 0 )

  

  YOUR FIRST CONTRACT AS A BUILDER OR DECORATOR, WHAT HAPPENS NEXT! Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HM Revenue and Customs (HMRC). The deductions count as advance payments towards… Read More ›

• Limited partnership Vs limited liability partnership

  By kgaccountantsblog on 06/01/2015 • ( 0 )

  

  Limited partnership Vs limited liability partnership Your liability for business debt differs depending on whether you’re a limited partnership or limited liability partnership (LLP). You can share all the business’s profits between the partners. Each partner pays tax on their… Read More ›

• 3 Main reasons spreadsheets could be holding back your business.

  By kgaccountantsblog on 17/09/2014 • ( 0 )

  

  Do you use a spreadsheet to manage your bookkeeping and accounting? If so, it’s likely that you’re not alone – as it’s very easy to knock a quick spreadsheet together and use it to do things like tracking your customers… Read More ›

• The Charity Commission website will move to GOV.UK later this month!!

  By kgaccountantsblog on 16/09/2014 • ( 0 )

  The Charity Commission website will move to GOV.UK later this month!!.