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Monday 9am - 5pm Tuesday 9am - 3pm Wednesday 9am - 5:30pm Thursday 9am - 4pm Friday 9am - 4pm

KC Accountancy Services

Name: KC Accountancy Services
Address: Youth & Community Centre, Oswestry, SY225DB, GB
Telephone: +441691674792
Rating: 5

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Oswestry
KC Accountancy Services

Fully qualified member of AAT (Association of Accounting Technicians) I currently work part time from home and can offer great flexibility to suit you!

ping or payroll only services. I offer a free initial consultation, where we can discuss your personal or business accountancy requirements.

10/12/2024

Planning your office Christmas party? 🥳🎄

Did you know HMRC allows you to spend £150 per head on your staff Christmas party without getting taxed?

It's a fantastic way to treat your team while keeping it tax-efficient!

It’s just like how I help my clients ensure their business expenses are properly claimed.

Keeping track of what's allowable can make all the difference.
Make sure you're on top of your allowable expenses this festive season. ✨

Want to find out more? Drop me a message and we can chat through what you need!

08/12/2024

We will be closing our offices on Friday 20th December and reopening on Monday 6th January 2025.

During this period, we will be processing essential payrolls only and otherwise enjoying the festive period with our families and recharging our batteries, ready to help our clients thrive and succeed in 2025. 🎄🤍

06/12/2024

Small perks without paying tax or national Insurance are called Trivial benefits.

What's the Catch?

-The value must be £50 or less.
-It can’t be cash or a cash voucher.
-It shouldn’t be a reward for work or performance.
-It's not in the terms of their contract.

Think birthday gifts, festive treats, or small tokens of appreciation. Perfect for boosting team morale without the extra paperwork!

Stay compliant and keep your team smiling! 😊

28/11/2024

Just like the leaves falling, your business can shed its inefficiencies too! 🍂

As a business owner your time is precious. You may have gotten into bad habits, or you may have been using old systems or doing things manually until now.

By reviewing your processes and introducing new software and automations you can become much more efficient. 👩‍💻

Spending a bit of time implementing these new processes will mean you'll get back so much more vital time in the long run.

A business with great processes becomes much more productive. Get your processes sorted this Autumn and find out how we can help you to implement this.

Get in touch

📧[email protected]
📞01691 67479

26/11/2024

Claire Thackaberry, Technical Officer at the LITRG, said:

'There are just over three months to go until HMRC starts getting information about the income and activities of people who use online platforms to make money. We are concerned that we will see the same chaos and confusion that arose when the rules first came into effect.

'Time is running out for HMRC to defuse this ticking time bomb. The information that HMRC will receive from platforms will be presented by calendar year, therefore covering more than one tax year. This could make it more difficult to work out when tax is due.'

what are your thought on this? Do you agree with the above statement?

20/11/2024

Over half a million young people are yet to lay claim to Child Trust Funds worth an average of £2,212, HMRC has said. 💸

Child Trust Funds are long term, tax-free savings accounts which were set up, with the government depositing £250, for every child born between 1 September 2002 and 2 January 2011.

Young people can take control of their Child Trust Fund at 16 and withdraw funds when they turn 18 and the account matures.

The savings are not held by the government but are held in banks, building societies or other saving providers. The money stays in the account until it's withdrawn or re-invested.

If teenagers or their parents and guardians already know who their Child Trust Fund provider is, they can contact them directly. If they do not know where their account is, they can use the online tool on GOV.UK to find out their Child Trust Fund provider.

Angela MacDonald, HMRC's Second Permanent Secretary and Deputy Chief Executive, said:

'Thousands of Child Trust Fund accounts are sitting unclaimed – we want to reunite young people with their money and we're making the process as simple as possible.

'You don't need to pay anyone to find your Child Trust Fund for you, locate yours today by searching 'find your Child Trust Fund' on GOV.UK'

→ We've dropped the link below for you ←

https://www.gov.uk/child-trust-funds/find-a-child-trust-fund

17/11/2024

A new growth and skills levy which will replace the existing apprenticeship levy and include new foundation apprenticeships.

The government says these new apprenticeships will give young people a route in careers in critical sectors, enabling them to earn a wage whilst developing vital skills.

The new levy will also allow funding for shorter apprenticeships, giving learners and employers greater flexibility over their training than under the existing system – where apprenticeships must run for at least 12 months.The training eligible for funding under the new levy will develop over time, informed by Skills England's assessment of priority skills needs, the government adds.

The Department for Education will set out further details on the scope of the offer and how it will be accessed in due course.

Alex Veitch, Director of Policy at the British Chambers of Commerce, said:

'Skills shortages continue to be a major concern for businesses and a drag on economic growth.

'The proposed new Growth and Skills Levy was a key part of the government's plans at the election. It is welcome that ministers have acted early to give more details about skills reform.

'We've long argued that the current Apprenticeship Levy needs urgent reform to make it more flexible. Businesses need a simple, coherent and responsive system that properly incentivises employer investment in training.

13/11/2024

Financial education - our passion as a business!

Meeting and talking business with our young entrepreneurs of the future is so inspiring. Thank you for having us Ysgol Llanfyllin - we can’t wait to hear about profits and successes at the Christmas Fair ⭐️⭐️

07/11/2024

Hi, I’m Kim when I first started KC Accountancy Services, I remember feeling a mix of excitement and uncertainty. It was a leap of faith into the world of entrepreneurship—a journey filled with challenges and learning opportunities.

Like many of you, I juggled multiple roles—from cleaner to marketer to CEO. There were moments of doubt and long hours, but also exhilarating milestones and small victories that fuelled my passion. 👩‍💻

Today, I can relate to every business owner navigating their own path. Whether you’re just starting out or scaling up, remember: every challenge is a chance to grow, and every setback is a step toward success.

I’m here to support you on your journey. Let’s connect, share stories, and inspire each other as we build thriving businesses together. ✨

05/11/2024

Would you hire someone who isn't qualified or doesn't have the expertise to work alongside you in your business? I guess the answer is No!

So, our point is, why would you struggle with your bookkeeping that takes you away from core business activities, or means you don't get precious time with your loved ones, when you could be outsourcing it to an expert who will give you the time back along with lots of useful ideas to streamline your financial processes? 💻

Outsourcing your bookkeeping to a qualified bookkeeper or accountant not only ensures accuracy and compliance but also frees up your valuable time to focus on what you do best – running and growing your business.

Let's talk about how we can help streamline your financial management and give you back that precious time!

Get in touch

📧[email protected]
📞01691 674792

30/10/2024

Well, it was as we were warned, difficult with some major tax rises! Here is our quick round up following Chancellor Rachel Reeves budget announcement…👇🏻

1. Employer’s National Insurance contribution rate will rise to 15% from 13.8%, however, added to this rise the threshold at which point the contributions are due will fall from £9,100 to £5,000 per annum.

2.For the smaller businesses and employers who currently benefit from the employment allowance, this is due to increase from £5,000 to £10,500 per annum, meaning the first £10,500 of employer’s national insurance contributions will be covered by the allowance and won’t need to be paid.

3.National Living Wage for age 21 and over to £12.21, a rise of 6.7% and to £10 for 18–20-year-olds.

4.Lower rate of Capital Gains Tax will rise from 10% to 18% and higher rate from 20% to 24%

5. 5p cut in fuel duty will remain in place for a further 12 months

6.You will see a penny cut on your pint in the pub!

7.Hand rolling to***co to have a 10% increase in duty applied this year and a flat rate duty on all va**ng liquid from October 2026

8.Stamp-duty land tax surcharge for second homes will increase by 2% to 5%

9.Corporation tax capped at 25%

There were many more announcements, of which we will send a detailed round up to all our clients over the next few weeks with explanations as to how the changes may impact you.

We are interested to know your thoughts, was it as expected, perhaps even positive – let us know in the comments 👇🏻

28/10/2024

As the date approaches, we're keeping a close eye on what changes could impact your finances and business. Here’s what to consider and what we’re hoping for:

🔍 What to Watch For:

-Tax Adjustments: Anticipate potential changes to income tax rates, thresholds, and allowances. This could affect both personal and business finances.

-Business Incentives: Look out for possible updates on reliefs, grants, or incentives aimed at supporting small businesses and entrepreneurs.

-Green Initiatives: We expect the budget might include new measures to support sustainability and green investments—be ready to explore potential benefits.

🤞 What We’re Hoping For:

-Increased Reliefs: More reliefs for businesses to help with post-pandemic recovery and economic uncertainty.

-Simplified Taxation: Streamlined tax regulations to make compliance easier and more transparent.

-Support for Innovation: Enhanced support for research and development to drive growth and innovation in various sectors.

Stay tuned as we break down the budget’s impact and how it could affect your financial strategy. As always, we’re here to help you navigate these changes and make the most of any new opportunities!

23/10/2024

Heads Up, UK Parents: High Income Child Benefit Charge for 2024/25

It's crucial to be aware of how the High-Income Child Benefit Charge (HICBC) might impact your finances. Here’s what you need to know for 2024/25:

🔢 Income Threshold: If either you or your partner earn over £60,000 annually, you could face this charge. The higher your income, the more of your Child Benefit could be reduced.

💸 How It Affects You: For every £100 you earn above £60,000, 1% of your Child Benefit will be taxed. This means if you earn £70,000, you could see a 50% reduction in your Child Benefit.

📝 Steps to Take:

Review Your Income: Check if your earnings exceed the threshold.

Declare It: If you’re affected, you’ll need to report it on your Self-Assessment tax return and adjust your payments accordingly.

Seek Advice: Unsure how this affects you? We can help you navigate the complexities and ensure you’re managing your tax obligations effectively.

Don’t let this catch you off guard—stay ahead and plan wisely!

18/10/2024

TOP TIP...

Did you know that if you’re married or in a civil partnership, you could be missing out on valuable tax savings? 💍

The UK Marriage Allowance allows one partner to transfer up to 10% of their personal tax-free allowance to the other, potentially saving up to £252 a year!

Here’s how it works:

1. Eligibility: One partner must earn less than the personal allowance (£12,570 for 2024/25), and the other must be a basic rate taxpayer.

2. Transfer: The lower earner can transfer 10% of their allowance (£1,257) to their partner.

3. Claim: You can apply for this allowance online via the HMRC website or with help from your accountant.

Don’t let this opportunity slip by—check if you’re eligible and claim your savings today! If you need help navigating the process, we’re here for you!

14/10/2024

Growing your business but hitting some stumbling blocks? Swipe to learn how to tackle them and keep moving forward...👉

It’s important to remember EVERY business faces challenges.

It’s how you handle them that makes the difference. Keep pushing forward and stay resilient!

Remember our door is always open, we love hearing your ideas and being a sound board for you. Get in touch today! 👩‍💻

https://www.kcaccountancyservices.co.uk

📩 [email protected]
📞 01691 674792

08/10/2024

Top Tip – Claim for Working From Home (WFH)

Working from home? Don’t overlook the potential tax savings on your home office! 🏠💼

✅ Why It Matters: If you use part of your home exclusively for work, you can claim a portion of your household bills—like electricity, heating, and even council tax—against your tax bill.

🔍 What to Consider:

-Proportionate Claim: Calculate the percentage of your home used for work and apply that to your expenses.

-Simplified Method: HMRC offers a flat rate allowance if you work from home regularly, making it easier to claim.

Make sure you're not missing out on these potential savings. Contact us to get it right and maximize your deductions!

04/10/2024

Would you consider self-employment to stay active and flexible in your later years? 💼✨

Stuart Lewis, Chief Executive of Rest Less, said:

'With the state pension age soon to be 67 and set to go higher still, many people are choosing to work beyond the point of traditional retirement.

'For many, self-employment is a great option as it allows people to remain active and engaged in the community and workforce whilst also providing greater flexibility – leveraging their skills, experience and network to make an impact.

‘The decision to go self-employed can be driven by wildly different sets of circumstances from people living comfortably and pursuing an entrepreneurial passion to those who are forced to generate an income and have not been able to find a permanent solution in the mainstream workforce.’

Don’t forget we offer a variety of services for self-employed individuals, let us worry about the paperwork and keeping you compliant with HMRC, leaving you to concentrate on the profits!

Tap the link in bio to our website 💻

01/10/2024

Have you recently started working for yourself?

Don't forget to register for Self Assessment with HMRC! 💻

If you don’t register by 5 October in your business's second year, you could face a fine.

The registration process is simple. You can do it yourself by visiting the HMRC page here 👇

https://www.gov.uk/register-for-self-assessment

⭐ Need help? ⭐

We offer a registration service for £150.00 + VAT.

What does this service include?

- Registration with HMRC for all relevant taxes
- Guidance and support through face-to-face or phone meetings
- Assistance in setting up initial systems to manage your new business

Feel free to message us for help, or get in touch:

📩 [email protected]
📞 01691 674792

Address

Youth & Community Centre
Oswestry
SY225DB

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 3pm
Wednesday	9am - 5:30pm
Thursday	9am - 4pm
Friday	9am - 4pm

Telephone

+441691674792

Website

http://www.kcaccountancyservices.co.uk/

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Videos

KCA SM July 2024

We're proud to announce that Jess has recently achieved her QuickBooks Pro Advisor Certificate! 🏅 For our QuickBooks clients, Jess is now your go-to expert for any technical queries. Alternatively, Daisy will be your dedicated contact for all Xero technical queries. With their specialised knowledge, you can rest assured you're in capable hands. Contact us today for any assistance with QuickBooks or Xero!

KCA SM for Jan 2024

New Year - New Accountant Was one of your resolutions to be more on top of your business finances and compliance? Maybe it’s time to work with a more pro-active accountancy practice! Get in touch and book a free discovery call today, we can find out more about you and your business and provide a detailed fee proposal for what we can offer. https://www.kcaccountancyservices.co.uk/contact-us/ Let us take away the stress of paperwork and admin, leaving you free to focus on your business and what’s important.

KCA SM for Dec

Happy New Year! Do you have a new years resolution? Mine is to continue trying to achieve a good work life balance and start my chartered tax advisor journey! Daisy’s resolution for 2024 is to finish her Business Management university course with a 2:1 or higher. January will be the month Daisy has to hand in her dissertation, so her Christmas break has been spent working hard on this. We have very faith in her and expect to see a result higher than she hopes! How about you?

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Our Story

Established in 2009, I am a fully qualified and licenced member of the Association of Accounting Technicians (AAT). I have extensive knowledge of company and sole trader accounts and over 11 years’ experience working with a variety of different business from large limited companies to ‘one man bands’. I offer a range of accountancy and consultancy services, included in this is the offer of bookkeeping or payroll only services. I can offer great flexibility to suit you! I offer an initial consultation, where we can discuss your personal or business accountancy requirements.