By

KMC-LA2018
We’ve all been there, ruthlessly chasing an unpaid, overdue invoice, only to be met with no response or worse, the promise of a payment that never comes. Late payments aren’t just annoying; they can damage your business. After all, the time spent chasing outstanding invoices could be better spent developing other areas of your business....
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The Lifetime ISA or LISA is a profitable, tax-free option if you’re thinking of saving for your first home or retirement. Despite its introduction in 2017, it still remains a relatively unused relief. Unbeknown to most savers, the Lifetime ISA offers one very important advantage over Cash ISAs and Stocks and Shares. Here we reveal...
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What Changes Does the New Tax Year Bring? With the end of one tax year, comes the beginning of another. The new era however doesn’t just represent the approach of another self-assessment deadline. Several tax changes have been implemented as of 6th April 2019, but what does the start of the 2019/20 tax year mean...
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After a long wait, the Making Tax Digital (MTD) deadline is finally upon us. As of the 1st April 2019, all VAT-registered businesses who are above the £85,000 threshold will have to use this more effective and efficient tax system to submit their returns. Going digital has been a long time coming, if you’re yet...
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There are several reasons why you may not be able to pay your self-assessment tax return bill on time. Cash flow difficulties are one of the most common reasons for late payment to HM Revenue & Customs (HMRC), but it’s important to understand that you’re not alone. According to recent findings, as published in The...
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The rise of self-employment is no secret. In fact, according to this latest Office for National Statistics report, the number of self-employed professionals in the UK has increased from 3.3 million to 4.8 million across a 16-year period. Self-employed professionals now make up just over 15% of the UK’s labour force, with people from all...
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For years, it has seemed that the larger corporations haven’t played by the same tax rules as everyone else. Whilst small businesses, sole traders and the self-employed all pay what they owe, industry giants like Starbucks, Gap, Apple, Amazon and Facebook are avoiding paying corporation tax. All retailers are meant to pay a levy on...
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As a leading supplier of accounting services to sole traders and businesses alike, we make it our mission to stay ahead of the latest financial news so our clients don’t have to. It’ll come as no surprise that we’ve been busy of late keeping up to date with the recent 2018 Budget announcement delivered by...
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It’s been a long time coming but finally the government are beginning to listen up to the concerns voiced by small to medium sized enterprises (SMEs) in regards to business rates. The out-dated, unfair and rather ridiculous business rates system has caused a number of problems for businesses big and small, including the clients we...
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We have moved We’ve got some exciting news for you! Whilst our enviable reputation as one of the North East’s most respected accountancy practices remains, there has been a few developments of late that we’d like to share with you. We’ve recently moved from our Whitley Bay headquarters to a brand new office in North...
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