KM Accountancy

KM Accountancy Assisting clients country wide using cloud accounting!
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I swear half the reason people hate VAT is because nobody actually explains it properly 😭People are out here submitting ...
27/05/2026

I swear half the reason people hate VAT is because nobody actually explains it properly 😭

People are out here submitting returns every quarter without fully understanding what the boxes even mean, they’re just trusting the software and praying it’s correct 🫠

So here’s a simple breakdown of:
• what each VAT box means
• what should (and shouldn’t) go in them
• and the mistakes I see all the time from DIY bookkeeping

Because honestly, a lot of VAT issues could be avoided if people were taught this stuff in school rather than trigonometry 🤣

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

One of the biggest misconceptions I see is people thinking they can just “choose” whether they’re employed or self-emplo...
22/05/2026

One of the biggest misconceptions I see is people thinking they can just “choose” whether they’re employed or self-employed.

In reality, HMRC look at what actually happens day-to-day - not just what the contract says 👀

Things like:
• who controls the work
• whether someone can send a substitute
• financial risk
• set hours
• being part of the business/team

can all matter when deciding employment status.

Getting it wrong can lead to tax issues, holiday pay claims, IR35 problems and HMRC investigations… so it’s definitely something worth understanding properly.

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

Sometimes the hardest part of being self-employed isn’t the work… it’s trying to figure everything out on your own. 🤍Tax...
19/05/2026

Sometimes the hardest part of being self-employed isn’t the work… it’s trying to figure everything out on your own. 🤍

Tax. Payments on account. Deadlines. What you can claim. What you can’t.
Most people were never actually taught this stuff properly.

So when clients tell me they finally understand their finances for the first time after years in business, that genuinely means a lot.

You should never feel embarrassed for asking questions about your own money. Ever.

My job isn’t just to “do the accounts”.
It’s to help you actually understand what’s going on behind the scenes too.

Thank you Carly for trusting me 🫶

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

Florists genuinely have SO many hidden costs behind the scenes 🌼People see the final bouquet on Instagram but not the 6a...
14/05/2026

Florists genuinely have SO many hidden costs behind the scenes 🌼

People see the final bouquet on Instagram but not the 6am flower runs, the petrol, the packaging everywhere, the wedding setup days, the subscriptions coming out every month or the hours spent replying to enquiries at home 😭

I think a lot of florists don’t actually realise how much they’re spending in the business because loads of the expenses feel “small” on their own… but together they add up FAST.

And honestly, mileage alone is one I see missed all the time 👀

Also a little reminder because HMRC loves to ruin the fun:
if you’d wear the clothing normally, you usually can’t claim it 😂

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

“‘You NEED to go limited.’‘Sole traders don’t pay tax if they leave the money in the business.’‘Limited companies protec...
11/05/2026

“‘You NEED to go limited.’
‘Sole traders don’t pay tax if they leave the money in the business.’
‘Limited companies protect everything.’

…social media LOVES a half-truth 😅

The reality? Choosing between sole trader and limited company depends on profit levels, risk, admin, future plans, and how you actually want to run your business.

There’s no one-size-fits-all answer - and what works for one business might be the worst option for another.

This post is your reminder not to build your business structure around TikTok comments🤣

Taking money from your company account feels very “I’ll sort it later” until HMRC sends a lovely little s455 bill 😭💸A lo...
06/05/2026

Taking money from your company account feels very “I’ll sort it later” until HMRC sends a lovely little s455 bill 😭💸

A lot of directors don’t even realise they’ve created a director’s loan account.

If the money you’ve taken isn’t:
• salary
• dividends
• reimbursed expenses

…HMRC can treat it as borrowing from your company.

And if it’s still sitting unpaid 9 months + 1 day after your year end, your company could get hit with a temporary 35.75% tax charge 👀

The bit people usually don’t know:
– partial repayments still help
– the company pays the tax
– you can normally reclaim it later
– but the reclaim timing is painfully slow

Honestly one of the most common “wait… WHAT?” conversations I have with limited company owners 😅

Definitely one to keep an eye on if you move money between business + personal accounts a lot!

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

SOLE TRADER vs LTD COMPANY 👀There’s so much misinformation online about “the best” business structure… but the truth is:...
06/05/2026

SOLE TRADER vs LTD COMPANY 👀

There’s so much misinformation online about “the best” business structure… but the truth is: it depends on YOU.

A limited company doesn’t automatically mean lower tax.
A sole trader doesn’t mean you’re “not a real business”.
And neither setup is completely risk free.

The right choice depends on things like:
✨ Your profit levels
✨ How you take money from the business
✨ Future plans
✨ VAT
✨ Admin & compliance
✨ Risk and protection
✨ Whether you need flexibility or structure

I see so many people rush into becoming a Ltd company because TikTok told them to 😅 when sometimes it actually leaves them worse off once you factor in accountancy fees, VAT, payroll, Companies House filings, corporation tax, directors loans etc.

And on the flip side… staying sole trader too long can sometimes mean missing opportunities for better tax planning too 👀

There’s no “one size fits all” answer, good tax planning is strategic, personal and should evolve as your business grows!

Which myth have you heard the most? 👀

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

Student loans don’t disappear when you go self-employed, they just show up in your tax bill instead 🫠This catches so man...
29/04/2026

Student loans don’t disappear when you go self-employed, they just show up in your tax bill instead 🫠

This catches so many people out! Especially when that first tax bill lands and it’s higher than expected.

The key things to remember:
✨you only repay once you go over your threshold
✨it’s based on your plan
✨and it’s all handled through your tax return

If you want help working out what you’ll owe (before it becomes a surprise), just message me!

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

“Salary” and “wage” aren’t just different words…They actually change how and when you get paid and even how things like ...
26/03/2026

“Salary” and “wage” aren’t just different words…

They actually change how and when you get paid and even how things like holiday pay and pensions are worked out.

Quick way to think of it:
💼 Salary = fixed pay, same every month
⏱ Wage = paid per hour, changes depending on what you work

Simple… but it catches people out allll the time. I can’t lie sometimes I will accidentally use them interchangeably 🫣

Save this so you don’t have to Google it again later 😉

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📞 0141 266 0563

Not gonna lie… most people only speak to their accountant when they get a tax bill 😅But that’s not how we normally work....
17/03/2026

Not gonna lie… most people only speak to their accountant when they get a tax bill 😅

But that’s not how we normally work.

I want my clients messaging me like this 👇
“Can I afford this?”
“Should I go limited?”
“Am I doing okay?”
“Can I raise my prices?”

Because those are the questions that actually move your business forward.

Not just “here’s your tax bill” once a year… but real support, real clarity, all year round.

So if you’ve ever felt unsure about your numbers, your next step, or whether you’re doing things right…

that’s exactly what we’re here for.

Save this for later 🤝
(or send it to someone who needs an accountant like this)

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

Going from sole trader to limited company can feel like a big step.New rules.New deadlines.More responsibility.A lot of ...
12/03/2026

Going from sole trader to limited company can feel like a big step.

New rules.
New deadlines.
More responsibility.

A lot of people tell me they’ve been putting it off for years because the tax side feels overwhelming.

But it doesn’t have to be.

My job is to explain everything clearly, handle the compliance, and make the whole process feel manageable, so you can focus on running and growing your business.

Thank you Raj for the kind review, it honestly means the world 🤍

If you’re thinking about switching from sole trader to limited company but not sure where to start, my inbox is always open.

✨⭐️🌟✨⭐️🌟

🖥️ www.kmaccountancy.co.uk
📩 [email protected]
📞 0141 266 0563

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