Your business one stop shop
Tax impacts all of us in all our business and private activities. Tax is seldom black and white and there will frequently be a range of options for every decision relating to tax. To ensure that you see the full picture and understand all the issues to allow you to make the right decision just ask us and we will explain it to you in simple English.
The range of services that we provide goes beyond the preparation and presentation of financial information. We are able to become actively involved in your business, so as to assist you in achieving your goals.
One of the key objectives in accounts preparation is to identify areas where we can assist in minimising your tax liability. We take the time to explain your accounts clearly to you so that you understand what is going on financially within your business, helping you to plan for the future. Every business has a statutory obligation to produce accounts annually for the relevant authorities, typically HM Revenue & Customs and Companies House.
By law, every charity must prepare a set of accounts. Registered charities must prepare a Trustees’ Annual Report, a set of accounts, and an Annual Return. The aim of accounts and reports is to provide a clear picture of your charity’s activities and financial position. The Trustees’ Annual Report is also an opportunity to describe your work to the public and to funding bodies.
KiQi Chartered Accountants incoporating Rashid Accountants is a Chartered Accountants Firm offering Accountancy, Advice and Consultations. We offer Business Taxation, Personal Taxation, Corporate, MTD VAT services. Book Keeping, VAT completions and Computerised Accountancy systems Installations & Training. If you would like a free consultation to discuss your needs then please contact us. We have client all over the UK.
Assistance in completing your self-assessment return and submitting it in-time online to avoid interest and penalties. Expert advice on all tax matters, including corporation tax, capital gains tax, PAYE and national insurance
Business plans, Starup advice.
Registered to carry on Independent Examination
Expert advice on all VAT & PAYE matters, Workplace pension and compliance
Letters What they mean L You’re entitled to the standard tax-free Personal Allowance M Marriage Allowance: you’ve received a transfer of 10% of your partner’s Personal Allowance N Marriage Allowance: you’ve transferred 10% of your Personal Allowance to your partner T Your tax code includes other calculations to work out your Personal Allowance 0T Your Personal Allowance has Read more about Tax Codes[…]
From April 2020 HMRC is changing the rules related to the submissions of information and payment of Capital Gains Tax (CGT) due on the disposals of a UK residential property (other than a principle private residence). The tax due must be reported and paid to HMRC within 30 days of completion of the disposal. Non-UK Read more about Capital Gains Tax Payment for Property Disposals[…]
Code Description Section A Agriculture, Forestry and Fishing 01110 Growing of cereals (except rice), leguminous crops and oil seeds 01120 Growing of rice 01130 Growing of vegetables and melons, roots and tubers 01140 Growing of sugar cane 01150 Growing of tobacco 01160 Growing of fibre crops 01190 Growing of other non-perennial crops 01210 Growing of Read more about Standard industrial classification of economic activities (SIC)[…]
Who is likely to be affected Individuals that receive rental income on residential property in the UK or elsewhere and incur finance costs (such as mortgage interest), excluding where the property meets all the criteria to be a furnished holiday letting. General description of the measure This measure will restrict relief for finance costs on Read more about Restricting finance cost relief for individual landlords[…]
The Rent a Room Scheme lets you earn up to a threshold of £7,500 per year tax-free from letting out furnished accommodation in your home. This is halved if you share the income with your partner or someone else. You can let out as much of your home as you want. How it works The Read more about The Rent a Room Scheme[…]