Crowdfunding is a way of raising money by asking a large number of people each for a small amount of money. Although it’s a relatively new concept, it’s fast becoming one of the most popular ways to start up a business. At present, the government have yet to introduce any special tax rules to accommodate … Continued

The VAT Flat Rate Scheme

Recent changes to the Flat Rate Scheme and the special VAT rate have left many asking if their VAT bill is likely to go up or down… FRS basics Any type of business can use the Flat Rate Scheme (FRS) as long as their business’ annual turnover for the preceding twelve months is no more … Continued

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Are you ready for Making Tax Digital?

From 1 April 2019, businesses, including sole traders, will be required to use the Making Tax Digital (MTD) system to meet their VAT obligations. Are you ready? Every entity with a turnover above the VAT threshold (currently £85,000), will be required to use MTD, using compatible digital bookkeeping software. Information will be extracted from the digital records in order … Continued

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Season’s Greetings

This year has been a busy one for KPP as we have expanded our team and our offices, and 2019 is set to be even better. The political climate may be uncertain however with that comes a lot of opportunities for businesses and contractors. Our New Year’s Resolution is to speak to our clients to … Continued

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