KASO Accountants

12/11/2025

✅ Who Needs to Do a Self-Assessment by 31 January 2026?

If any of the following apply to you for the 2024/25 tax year (ending 5 April 2025), you must file a Self-Assessment tax return by 31 January 2026:

💼 You’re self-employed or a sole trader earning more than £1,000.
🏠 You earn rental income from property.
🤝 You’re a partner in a business partnership.
👔 You’re a company director (unless all your income is taxed at source through PAYE).
💰 You have untaxed income, such as dividends, investments, or savings interest.
🌍 You receive foreign income.
🧾 You or your partner earn over £50,000 and claim Child Benefit.

Need help submitting your return or making sure everything’s done right?
📩 Contact KASO Accountants — we’ll take the stress out of tax season!

11/11/2025

⏰ Don’t Miss the Self-Assessment Deadlines!

If you’re self-employed or need to file a Self-Assessment tax return, it’s that time of year again! Make sure you stay ahead of the deadlines and avoid unnecessary stress (or penalties).

Here are the key dates to remember:

📅 31 October 2025 – Deadline for paper tax returns
💻 31 January 2026 – Deadline for online tax returns and tax payments

👉 Missed deadlines can lead to:
• £100 late filing penalty (even if you owe no tax)
• Interest on late payments
• Additional fines the longer you delay

At KASO Accountants, we can take the stress out of Self-Assessment. From gathering your income details to submitting your return accurately and on time, we handle it all — so you can focus on running your business.

✅ Peace of mind
✅ No missed deadlines
✅ Professional support every step of the way

📞 Get in touch today and let’s make sure your Self-Assessment is sorted well before the deadline!

11/11/2025

Yesterday 10 November was International Accounting Day. Congratulations to my colleagues around the world 🌎

11/11/2025

💼 Claim Tax Relief on Your Work-Related Expenses!

If you spend your own money on work-related costs, you could be entitled to tax relief — even if you’re employed. Many people miss out simply because they don’t realise what qualifies!

You can usually claim for:
✅ Uniforms or protective clothing
✅ Professional fees and subscriptions
✅ Business travel and mileage (excluding your commute)
✅ Tools and equipment
✅ Working from home expenses

These claims might seem small, but they can add up to hundreds of pounds each year.

At KASO Accountants, we help you identify and claim all eligible work-related expenses — so you never pay more tax than you should.

📩 Get in touch to see what you could claim back.

10/11/2025

🚨 New Rule for UK Company Directors – Effective 18 November 2025

From 18 November 2025, all UK company directors and persons with significant control (PSCs) must verify their identity with Companies House before they can act or be appointed.

✅ Applies to all new and existing directors
⚠️ Acting without verification will be a criminal offence
📅 Existing directors have until November 2026 to complete the process

This is part of the Economic Crime and Corporate Transparency Act 2023, aimed at improving transparency and reducing fraud.

At KASO Accountants, we can help ensure your company stays compliant.
📞 Get in touch today to prepare for the changes!

10/11/2025

💼 Running Payroll? Let Us Handle It. 🧾
Managing your team is hard enough—let us take the payroll stress off your plate.

At KASO Accountants, we offer reliable, HMRC-compliant payroll services so you can focus on growing your business.

✅ Weekly / Monthly payroll
✅ RTI submissions to HMRC
✅ Payslips & P60s
✅ Pension contributions
✅ CIS deductions (if applicable)
✅ Staff changes & holiday pay

Whether you have 1 employee or 100, we tailor payroll solutions to suit your business needs.

📩 Get in touch today and experience payroll done properly.
📧 [email protected]
📍 Based in Southampton, serving clients UK-wide.

10/11/2025

💼 What is Corporation Tax? A Simple Guide for UK Businesses

If you run a limited company in the UK, understanding Corporation Tax is essential. It’s the tax your company pays on profits from trading, investments, and selling assets.

🔹 Who pays Corporation Tax?
All limited companies, as well as some clubs, co-operatives, and unincorporated associations, must pay Corporation Tax on taxable profits.

🔹 Current Corporation Tax Rate (2025):
• 19% for companies with profits under £50,000
• 25% for companies with profits over £250,000
• A marginal relief applies between £50,000 and £250,000 (profits), gradually increasing your effective tax rate

🔹 Key deadlines:
• You must register for Corporation Tax within 3 months of starting to trade
• Your tax return (CT600) is due 12 months after your accounting period ends
• You must pay Corporation Tax within 9 months and 1 day after the end of your accounting period

🔹 What can you deduct before tax?
Allowable business expenses such as:
✔ Salaries
✔ Rent and utilities
✔ Office costs
✔ Business travel
✔ Accountancy fees
✔ Marketing & advertising
✔ Software subscriptions

📌 Top Tip: Keeping accurate and timely records can help you avoid penalties and take advantage of reliefs and deductions.

⸻

💬 Need help with your company’s tax affairs? KASO Accountants can take the stress out of tax season. We offer expert advice, accurate tax filing, and year-round support tailored to your business goals.

📞 Contact us today to book a free consultation!

10/11/2025

📢 VAT – What You Need to Know! 💼💡

Are you a business owner? If your turnover is over £90,000, you’re legally required to register for VAT (Value Added Tax) – but even if you’re under the threshold, registering voluntarily could benefit your business. ✅

Here’s what VAT means for you:
🔹 Collect & pay VAT on your sales
🔹 Reclaim VAT on eligible business expenses
🔹 File quarterly returns with HMRC

📊 Staying VAT compliant helps you avoid penalties and keeps your business running smoothly.

Not sure if you need to register or how to manage your VAT returns?
📞 Let KASO Accountsnts handle it for you!
We make tax simple, stress-free, and tailored to your business needs.

📍Based in Southampton | Helping businesses UK-wide
📩 DM us or email [email protected] to get started today!

10/11/2025

💡 Trivial Benefits for Limited Company Directors

Did you know your company can give you small gifts tax-free? 🎁

HMRC allows “trivial benefits” up to £50 per gift, as long as:
✅ It’s not cash or a cash voucher
✅ It’s not a reward for work or performance
✅ It’s not part of a salary sacrifice arrangement

For example – a meal out, flowers, or a birthday gift card are all fine! 🌸
If you’re a director of a close company, the total limit is £300 per tax year.

26/06/2025