2017 Autumn Budget

On the 22nd of November, the current Chancellor, Philip Hammond, delivered his 2017 Autumn Budget speech to Parliament. It was, from a small business perspective, a fairly uneventful budget. However, there were a few items in the Autumn Budget documents that are worth highlighting: The option to use the cash basis for landlords, was confirmed to come into effect from 6 April 2017 The dividend allowance from 6 April 2018 will now be £2,000 instead of £5,000 which it currently is Much talk before the Budget was looking at decreasing the VAT threshold, luckily this will be fixed for the
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Budgeting for accounting fees from Day 1

It really is an exciting and nerve wracking time, starting your own business, or going out on your own away from employment to start freelance work. I am finding more and more though, that one of the pre planning topics that is getting skipped, is budgeting for accounting fees. Often this is because of friends or family tell you it’s not that hard. This is one of the biggest misconceptions, because what I do on a daily basis for my clients, is hard and not straight forward at all. For a lot of people, dealing with their business financials is completely
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Have you registered for self assessment?

As tax return season begins, it’s worth every individual checking whether they need to complete a tax return which is due by 31 January 2018. This includes any tax that is owing from the taxable activities in the period 6 April 2016 to 5 April 2017. Did you earn more then £50k  in total taxable income while receiving child benefit? I have heard of many individuals having to pay back over 3 years of child benefit because they did not register for self assessment in the first year their taxable income exceeded this threshold. Please don’t think HMRC will never
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We now accept payments via Stripe

We now accept Stripe payments for our fees and services provided. Stripe is a multi currency platform, similar to Paypal, that allows for payments to be taken via credit card and in other currencies. This now means you can put your annual tax return fee on your credit card if required, for the first time. It also means you can pay us using ApplePay to 🙂 Making it easy for you to pay for accountancy services (we also offer monthly subscription fees for our services) is just one of the ways the team at KFH Accounting, is utilising innovative technology
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FREE Quickbooks demo for clients

On Wednesday the 13th of September, I hosted two Introductory to Quickbooks sessions in Rayleigh, open to any individuals who were using Quickbooks Online or who wanted to learn more about starting to use Quickbooks Online. The sessions were a great success! Attendees walked away feeling much more confident on how to use the software for their business and eager to give it a try, which is exactly what I had hoped for! We are fortunate to have clients all over the country so this week I will be recording the presentation and demo of Quickbooks and making that available
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Don’t risk not complying with Auto Enrolment

If you have staff (including companies with more then one director) you will in the next six months, need to look at your auto enrolment obligations. There is a lot of mis information circulating around auto enrolment. Every time I talk to someone about it, I end up correcting them because they have mis-interpreted something they read on google, or got told by a friend. What’s important to know is that it is more complicated then you think and easy to get wrong. The likelihood of being inspected by The Pensions Regulator is higher to because The Pensions Regulator have
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Batch Upload – Quickbooks Online

We are currently in the process of building a Quickbooks Online portal full of tips, screen shots and easy to read instructions to help our clients use  Quickbooks Online better. One of the most handy tips we discovered, which is great for when you first join Quickbooks, or perhaps haven’t updated your account for a while, is using the Batch Upload function. Here you can upload multiple expense receipts and attachments to accompany invoices. No app required, take a picture of the receipt using your smart phone (or print screen an electronic email confirmation) and save them all in a
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3 key announcements for June

This month, we have three key developments we announced, all designed to further improve the service we offer to all our existing and potential clients. In case you missed the updates via our Facebook or Twitter pages, we’ve summarised them for you below Announcement 1: New Office Space Unable to find a local space that was bright, airy and suited our growing business, Scott and I took the decision to utilise space we had at home not being used and covert it into a working office and dedicated client / team space. We could not be more happier with the
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ICAEW Essex Accountancy Awards 2017

On the 18th of May 2017, Scott and I attended the black tie event for the ICAEW Essex Accountancy Awards at Stock Brook Country Club, in Billericay Essex. We had been fortunate to be shortlisted along with three other significantly larger firms in Essex, for Accountancy Firm of the Year 2017. It was a really good event. Having been a member of ICAEW now for almost four years, I had not had the opportunity to date to meet with the Essex branch, so it was really good to meet some new people. I also got to meet the current president
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Top 3 Tips for Quickbooks Online

Quickbooks Online is the global cloud accounting software package offered by Intuit. Here at KFH Accounting Ltd, we are big fans of the software and use it for our practice on a daily basis. We have enjoyed features such as being able to run instant reports at the click of a button, time saved gained from the direct bank feeds and being able to upload receipts directly into the software, via the mobile app. If you are new to using Quickbooks Online, based on how we use the system ourselves to manage our practice financials, here are our Top Three
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