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KTAS Accountancy Services
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Input VAT on the Flat

Did you know? If you’re on the Flat rate VAT scheme, you can still claim input VAT when purchasing capital expenditure goods if the purchase is:

 At least £2000 including VAT
 Is made in a single purchase
 Is not a service

So if you’re using the flat rate VAT scheme and you need to buy new office furniture or office equipment, keep this in mind. Buying in one single purchase could be more cost effective in the long run.
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KTAS Accountancy Services partners with QuickBooks online. Find out how, together, we can help you to streamline your bookkeeping and accounting processes and get up-to-date financial information whenever and wherever you want it, at the touch of a button.
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With corporation tax set to fall, it might be the right time to make your business incorporated. See what benefits being a ‘Ltd’ company can bring: https://www.crunch.co.uk/sole-trader-vs-limited-company/
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If you're a small business, sole trader or partner, you've probably had a notification from HMRC to file your tax return. And if you haven't already, it's bound to be on its way.

You may have a few months to file your personal tax return, but don't throw it to the bottom of the pile and forget about it as time has a habit of flashing by, and you don't want to risk a penalty for late filing.

So get your business accounts in order and make sure you've deducted your expenses so you're not paying more tax than you need to. If you have any questions, or need any help with your tax return, we're here to help. So get in touch at any time.
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As Britain imports around £7 billion more each month than it exports (based on April 2016 uk trade data from HMRC), should we be concerned about losing trade with the European Single Market?

That's the $6 million dollar question.....which everyone and no-one seems to have the answer to. Logic would suggest we need not be worried, that, it's a market, and it will do what markets do.....respond to market demands.

But this is politics. On a grand scale. And 'nothing to report here' doesn't make good headlines, so we could be in for a prolonged period of uncertainty caused as much by politicians and media hype as by Britain's decision to leave the EU.

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Goodbye EU...

The UK has voted to leave the EU

The job of making the country a better, fairer place to live and work starts here.

Good luck Britain!
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EU Referendum


Let's hope VOTE LEAVE wins the day!


The EU is an exclusive, rich boys club. Those who want to remain aren't interested in social and economic fairness, just maintaining the status quo which ensure the continuation and growth of their own personal wealth.


It's going to be a long night.....

Which way do you think we will vote?
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Do you know about KTAS Accountancy Services' 'Office hours free zone'?

It means you can talk to your accountant at a time that suits you!

What's not to like? Visit us at www.ktas.accountant
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