Chancellor’s reforms weaken UK economy

KPP have widely criticised Chancellor Philip Hammond’s recent claim that he is building “an economy that works for everyone” in his autumn statement. As an accountancy firm, KPP argue that the government doesn’t understand the modern way of working in Britain and that he has left millions out of pocket. These huge reforms greatly challenge … Continued


Claiming Expenses as an I.T. Contractor

If you run a limited company, there are a variety of different business expenses you may incur. However there are various rules & some common errors you should avoid when it comes to claiming these expenses back. When it comes to expense claims you should bear the following in mind: You can only reclaim expenses … Continued


VAT for business: What you need to know

  VAT is a type of business TAX all members of the Common Market and European Union have to sign up to. You can only charge VAT on top of the price of your products or services if you are a VAT registered company. If you’re a VAT registered business, you must report how much … Continued


How to win the tax race

There have been changes recently to travel and subsistence expenses and dividend tax and these changes seem to have hit contractors and freelancers the hardest. The question on everyone’s lips though is how will the dividend tax rise affect small businesses? The best advice for freelancers and contractors would be to form a limited company … Continued


Travelling on Business

Can HMRC dictate where you can stay while on business? Travel and subsistence costs that are reimbursed to employees are being reviewed by HMRC. The enquiry states that these expenses are excessive and taxable additions to business excursions. Business Expenses  A company can regard business expenses that are reimbursed to employees as exempt from tax … 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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