If you work from home, you can claim allowable expenses to reduce your tax liability. HMRC offers two ways to calculate these expenses:...

When forming a limited company in the UK, it's important to understand the distinction between shareholders  and directors . They both...

When starting a business in the UK, one of the most important decisions you’ll need to make is choosing between operating as a sole...

At Kala Atkinson, we love witnessing the growth and success of our clients, and one story that truly stands out is how we helped a sole...

What is Gross Profit? Gross profit is the amount of money a business earns after deducting the cost of goods sold (COGS) from its total...

When an eCommerce business with a turnover of over £1m approached Kala Atkinson , they were struggling with inaccurate bookkeeping that...

Running a small business is no easy feat. Between managing day-to-day operations, handling customer relations, and growing your brand,...

As 2024 unfolds, the UK's economic outlook remains closely tied to a pivotal element - interest rates. These rates, a critical economic...

With the Labour government preparing to deliver its first Autumn Budget on 30th October 2024, speculation is mounting regarding its...

We often get asked by small businesses whether to operate as a sole trader or a limited company. The tax implications can play a...

For business owners in the UK, staying on top of financial deadlines is essential to avoid penalties and keep your accounting in good...

Kala Atkinson have used Xero as our preferred bookkeeping and reporting tool since we began our journey to digitalise. We chose Xero...

Fiscal drag, or as we like to call it, 'bracket creep', has a significant but silent effect on your finances. What Is Fiscal drag? Fiscal...

Black Friday is one of the most anticipated shopping events of the year, offering incredible discounts and deals on a wide range of...

Jeremy Hunt’s budget on Wednesday provided changes for small UK businesses. Prior to the budget there where media rumours of headline...

Tax Deductions for UK Landlords: A Comprehensive Guide As a landlord, income earned from your property is taxable, however, understanding...

Navigating the complexities of the self-assessment tax return process can be daunting for many, especially if you're unfamiliar with the...

When you think about accountants, many immediately think of tax returns and financial statements for Companies House and HMRC (Her...

It's not often that the worlds of accounting and cycling converge in perfect harmony. However, when Xero, the trailblazing cloud...

IS the VAT Annual Accounting Scheme right for you?