Morgan Keen

Home
United Kingdom
Royston
Morgan Keen

Helping you realise your financial goals. Trusted and family-owned with over 50 years of expertise. Accoutancy Firm

24/04/2024

Furnished Holiday Lettings tax rules set to change in 2025

The tax regime for Furnished Holiday Lettings (FHLs) is set to be abolished from April 6, 2025, with some key tax breaks being removed by the Chancellor in the Spring Budget on March 6 in a move which could raise as much as £300m extra in tax each year. The changes will make it much harder for individuals providing holiday lets to reclaim some of the key costs associated with their letting business, and could make it more difficult to make these types of lettings profitable.

Read the full article: https://www.morgankeen.co.uk/furnished-holiday-lettings-tax-rules-set-to-change-in-2025/

12/04/2024

The end of the P11D is expected in 2026

The P11D form which has been used to process ‘benefits-in-kind’ such as loans for season tickets and company cars will no longer be used after April 2026, as HMRC will ask businesses to deal with all these benefits through the payroll instead.

Read the full article: https://www.morgankeen.co.uk/the-end-of-the-p11d-is-expected-in-2026/

10/04/2024

Cryptocurrency gains must be reported on self-assessments

If you hold or invest in cryptocurrency, or even if your employer pays you in a cryptocurrency such as Bitcoin, you may need to declare this on your self-assessment form. For anyone who didn’t in the 2022/23 form which should have been filed before January 31, it would be wise to get advice quickly on how to amend this error.

Read the full article: https://www.morgankeen.co.uk/cryptocurrency-gains-must-be-reported-on-self-assessments/

28/03/2024

Budget changes and what they mean for you

The Chancellor, Jeremy Hunt, delivered his Budget statement to Parliament on March 6, and there were various changes that should benefit individual taxpayers and businesses.
One of the biggest announcements, which takes effect from April 6, is a further reduction in the rate of National Insurance Contributions (NICs). From this date, Class 1 employee NICs will fall from 10% to 8%, while NICs for the self-employed will be cut by an additional 2p on top of the 1p announced in the Autumn Statement. This means that from April 6, 2024, the rate of Class 4 NICs will fall from 9% to 6%.

Read the full article: https://www.morgankeen.co.uk/budget-changes-and-what-they-mean-for-you/

22/03/2024

Welcome to our latest webinar on Making Tax Digital - Reviewing QuickBooks.
In this session, Rob Baines from Morgan Keen will cover MTD basics, the importance of compliance, and how Intuit QuickBooks can simplify tax management.

Watch our series at your leisure with our pre-recorded webinars and get up-to-speed with Making Tax Digital and the best softwares available from Xero, Coconut and Quickbooks.

Watch now: https://www.youtube.com/watch?v=Akmc44NRKSc

20/03/2024

Small businesses looking to access funding to expand their exporting opportunities can now fast-track their applications with UK Export Finance, the Government’s export credit agency, and apply for twice the previous amount. The limit available now is £10m.

Read full article: https://www.morgankeen.co.uk/uk-export-finance-doubles-limit-to-10m-for-traders/

14/03/2024

It’s time to take control of your taxes and streamline your accounting process. Join our informative webinar on Making Tax Digital. This week we’re reviewing Xero to see how it measures up to Quickbooks and Coconut.
In this engaging session, experts Rob Baines from Morgan Keen and Kundai from XERO will guide you through the ins and outs of Making Tax Digital and identify whether XERO is the right fit for your business in order to make your taxes digital.

What you'll learn:
-An overview of Making Tax Digital and its implications for businesses from XERO
-A review of Xero and whether it’s the right fit for your business

Watch Now: https://www.youtube.com/watch?v=Akmc44NRKSc

13/03/2024

Exporters must make declarations on a new system from March 30

Any trader making export declarations needs to move to a new HMRC system from March 30 this year. The CHIEF system is being fully replaced by the Customs Declaration System, and anyone who has been using the old system will now have to move across.

Read the full article: https://www.morgankeen.co.uk/exporters-must-make-declarations-on-a-new-system-from-march-30/

08/03/2024

Many of us will die without a will because it is something that we fail to get around to, often because we don’t want to think about our own demise. Around half of UK adults don’t have a will, with a third of those over 55 in this position, according to research from Canada Life. Anyone dying without a will is leaving the State to dictate how their assets are split when they die, and it could even mean the State taking your money. This would mean the people you want to receive the things you leave behind may not receive them.

Read full article: https://www.morgankeen.co.uk/make-sure-your-will-is-up-to-date-and-you-have-planned-for-iht/

06/03/2024

Are you ready to take control of your taxes and simplify your accounting? Our weekly webinar on Making Tax Digital, features a comprehensive review of the most popular accounting software, starting with Coconut.

In this informative session, Rob from Morgan Keen will guide you through the ins and outs of Making Tax Digital and Devon from Coconut will demonstrate how Coconut can streamline your financial management.

Stay tuned for our upcoming webinars where we review Quickbooks and Xero.
Don't miss out on this opportunity to transform your financial management and stay ahead of the curve.

28/02/2024

End of tax year planning starts now – use up any allowances

Now is the time to start thinking about your end-of-year tax planning while there is still time to maximise the benefit of any allowances you haven’t used yet this tax year. The end of the current tax year is April 5, 2024, and there are various tax breaks you want to make the most of before that date.

Read Full Article: https://www.morgankeen.co.uk/end-of-tax-year-planning-starts-now-use-up-any-allowances/

22/02/2024

More people file for divorce in January than any other month of the year, probably because the stress of being together for an extended period over Christmas and New Year brings any cracks in a relationship bubbling to the surface. Or it could be that people want to start the New Year afresh and were reluctant to start divorce proceedings in the months leading up to Christmas. Either way, January sees a considerable spike in contact with family lawyers and divorce proceedings starting.

Read the full article: https://www.morgankeen.co.uk/the-cost-of-divorce-what-to-do-if-you-decide-to-split-up/

Address

70b High Street, Bassingbourn
Royston
SG85LF

Website

http://www.morgankeen.co.uk/

Alerts

Be the first to know and let us send you an email when Morgan Keen posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Morgan Keen:

Shortcuts

Want your business to be the top-listed Accountant in Royston?