One of the main questions small businesses ask themselves is whether they need to bother separating their business and personal accounts. After all, it doesn’t make much difference, right? WRONG! Whilst it may sound too obvious to say the clue’s in the name, it really is in these circumstances! Can I use my personal bank account for my business? From time to time business owners can use their personal accounts for business, but this heavily […]
Read More
HMRC launches enquiries on businesses of all sizes every day, but are you ready if you’re next on the list? Every day we hear businesses say, “they won’t investigate me”, but they could, and they will. After all, small businesses can be easy wins for them… Keeping all this in mind, it’s up to you to ensure everything is in order and you are being compliant – whether that be working with an accountant or keeping […]
Read More
As a business owner, you may already be aware of ‘Making Tax Digital’, but are you aware it has now been extended to 2024? Unfortunately, as a result of this extension, people are simply putting it off for longer when now is the best time to be putting everything in place ready for when the deadline hits. Why not start your preparations? What does Making Tax Digital mean? Making Tax Digital is part of a […]
Read More
There are a number of day-to-day running costs associated with owning a business, but did you know if you’re self-employed you can deduct some of these costs if they are considered allowable expenses? Once these costs have been deducted, you can work out your taxable profit. For example, if you turn over £50,000 each year and you claim £15,000 in allowable expenses you will only pay tax on the £35,000 that remains. This is what people […]
Read More
We all have a number of responsibilities in life. If you’re a parent, raising your child to be a good human being is one of them. If you’re a business owner, ensuring your staff have access to the tools they need to do a good job is another one. But did you know whoever you are, and whatever role you’re in, you are the one that needs to stay up to date with your tax code. […]
Read More
Happy New Year to all our customers and clients!! But, of course, it’s not the New Year for tax purposes but instead it’s getting towards the end of the tax year! At KEW Accountants, we offer tax advice to help you make the most of tax planning opportunities so you can keep more of your income perfectly legally! Here are our top 10 tips to make sure you are claiming for everything you can on […]
Read More
Yes it’s that time of year again when you need to make sure you are ready to file your self-assessment tax return. Don’t leave it to the last minute. We at Kew Accountants are here to help! When do I need to submit my tax return? The deadline for paper tax returns was October 31, 2021 but if you’ve missed that date, don’t worry as you have until January 31, 2022 to submit your return online. […]
Read More
Tax is a confusing topic for many of us and one which we don’t like to spend too much time thinking about. But look no further- here are 5 steps for the self employed to become tax savvy! You could save yourself some money at the same time! This advice is for sole traders and partnerships. 1) Know when to file your tax return – If you use paper tax returns, you’ll need to file on […]
Read More
Working from home has suited people for a variety of reasons from saving money on long commutes to being able to fit work in around family life. Equally, people have missed the busy environment of the office and being able to leave it behind at the end of the day. But if working from home is for you, what does it mean for your tax bill? HM Revenue and Customs tax relief claims HM Revenue and […]
Read More
The pandemic has changed the way many of us work in lots of ways – whether that’s working from home more or all the time, trying to achieve a better work-life balance or becoming one of the many people who have set up a new business or started freelancing. Many new small businesses have sprung up in the past few months from home – it could be cake decorating, building your own client business using your […]
Read MoreAccreditations
Powered by BTCSoftware's
Accountancy Software
Who we help
What we help with
Get in Touch
KEW Accountants and Tax Specialists Ltd
Granville Suite
Business Development Centre
Stafford Park 4
Telford
Shropshire
TF3 3BA
t: 01952 216872
e: info@kewaccountants.co.uk
Co Reg: 08882654
VAT No: 180 5947 85