KLM Associates - complete and affordable accounts service

04/05/2026

MTD is coming in and whilst I think it is another example of government bureaucracy gone mad we have to deal with it. We now have software to be able to submit but please be reassured .. unless your sales were more than £50K in your 2024/25 tax return then you will not have to use software / spreadsheet records until minimum April 2027. Landlords will also have to comply . MTD is NOT a full tax return .. it is only your total sales and expenses that HMRC are interested in and you do these every 3 months on a cumulative basis. Then at the end of the tax year you adjust these for any final accounting amendments and then do your normal self assessment tax return with the rest of your taxable income / reliefs . So 6 returns a year instead of 1 - well done our politicians ! As if we have not got enough to deal with at the moment - both accountants and the clients . At least the software companies are happy .. NO .. HMRC are forcing taxpayers to keep digital records but provide no software to enable you to do it !

For the moment unless you receive a letter notifying you that you must do digital returns then there is nothing you should need to do . If you have then you need to notify us immediately so we can discuss your options and get you registered with HMRC to file .

16/12/2025

02/12/2025

Our landlines have been turned off by BT and we have replaced them with a new number

07823 364263

There is always my mobile number too for clients to use

25/11/2025

MTD for self assessment income tax is coming . If you have total income over £50k from self employment or landlord rental income then you will be mandated to start doing 3 monthly returns with a final “adjustments” return from April 2026. HMRC and software firms think taxpayers will just switch to software and if they get in trouble they will just need to contact their accountants ! So take fees off the accountants then expect them to step in when it all goes wrong .. hmmm . If accountants do try to find a solution for clients they would now have to find time every quarter to compile their records & pay for software to submit . This is madness and will cause huge stress and problems for both clients and accountants in my view. Costs would have to go up .. something I do not want for my clients.

07/05/2019

Software companies making hay on the fear of making VAT digital and in the longer term making tax digital . The danger is taxpayers not understanding the software and ending up in a right mess . Seen it , been there , not going to get heavily involved if things go wrong . HMRC and the government could be creating a massive problem and the accounting profession is not there to clean it up .

17/03/2019

MTD (making tax digital) for VAT is around the corner. If you use your own software then make sure you can file direct with HMRC and get registered with them for digital filing. If you use KLM to submit then we are in the process of purchasing software to do the job whilst retaining our preference of using spreadsheets. The first compulsory VAT returns are for periods BEGINNING 01.04.2019 or later so you might have one more period before you have to do something about it. You will not be able to enter your VAT returns online at HMRCs website after that date .

09/04/2018

CIS subcontractor clients - make sure you wait for your final CIS tax certificate before submitting your paperwork . This will be dated 5th April .

21/02/2018

Tax enquiry ? You think a bank statement saying Shell garage means it's petrol and OK to claim . No receipt - the taxman might suggest they sell ci******es , booze , papers , even food at garages ..... how do they know what you paid for without the receipt ? They have a point ? The point being KEEP your business receipts people .

09/04/2017

Full pelt from Monday to get the CIS refund boys sorted . Beware "MTD" ... it's the work of the devil ( making tax digital )

19/02/2016

Tax codes for directors with dividends over £5k ... HMRC are assuming you will declare similar dividends next tax year and are including adjustments in tax codes to collect estimated tax on dividends over £5k . They will collect tax via PAYE but if you prefer we can ask them to remove it and pay any "real" tax after the tax year via your self assessment tax returns . You pay the correct tax at a later date .

19/02/2016

Workplace pensions are here ! Do not get sucked in to thinking you need to employ the services of third party adviser stating they can handle auto enrolment for you ... for a substantial fee . It is not necessary . We are registered as an agent with TPR and also NEST ( the government pension scheme with NO entry fees)