Our Service to You
Discover more about our extensive range of professional services. We constantly update this page, but if you still can’t find what you’re looking for, please feel free to get in touch with us – we will be more than happy to help.
Self Employed
Self Employment is the simplest way to start a business; it doesn’t involve any government registration fees. If you start working for yourself, you’re classed as a sole trader. As a self-employed, you will have to register within 3 months with HM Revenue & Customs. If you need any help with self-employed registration. Please let our accountants for self-employed guide you.
Subcontractors
KSMA specializes in providing customized in-house services, including CIS registration assistance and assistance. In accordance with the Construction Industry Scheme (CIS), contractors are required to enrol in this scheme. You do not need to worry as we will take care of everything from CIS deduction to claiming it back from HMRC when we file tax returns on your behalf and tax refunds.
Landlords
Our team of highly skilled Landlord Accountants possess specialized expertise in providing guidance on essential accounting records and investment strategies for maximizing rental gains. It is crucial for you or your company to fulfill tax obligations by paying taxes on the profits generated from property rentals, while taking into account allowable expenses that can be deducted.
Non Resident Landlord
A non-resident landlord (NRL) are subjected to 20% tax deduction at source. Our team of specialized accountants possesses the expertise to facilitate your registration with HMRC, resulting in the elimination of tax deductions at the source. We are fully equipped to provide comprehensive assistance in the preparation and filing of your tax returns.
Limited Company
Are you encountering difficulties in establishing a new limited company? Our team of highly skilled Accountants possesses the expertise to alleviate your concerns related to managing receipts and avoiding tax penalties. We are well-equipped to assist you. If you are in need of accountants specifically for a limited company, our esteemed chartered Certified accountants are readily available to provide assistance.
SPV Company
Due to section 24 interest restriction on property loans, the majority of the people in the UK are setting an SPV to buy the properties to use interest as an allowable expense under the limited company. If you’re planning to set up an SPV, or already have an SPV our accountants can help you. While choosing an SPV a qualified accountant is important because there are different disclosure requirements under FRS102 and FRS 105.
Charities
We possess a comprehensive understanding of the distinctive nature of accounting services for charitable and non-profit organizations. The intricacies and fluidity of accounting challenges faced by charities and not-for-profit entities necessitate the expertise of a qualified accountant who specializes in this sector. By engaging our services, you can be assured of receiving the exceptional level of support and guidance that you rightfully deserve.
Capital Gains Taxes
There are many common assets that can be subject to Capital Gains Tax (CGT) when they are disposed of, such as stocks, bonds, and precious metals. If you are considering selling a personal asset or all or part of your business, we can advise you of the tax planning opportunities available to you before you make your disposal, in order to mitigate or reduce potential tax liabilities.
Inheritance Taxes
It may come as a shock to discover that a large proportion of your wealth might be subject to Inheritance Tax (IHT) when you die. This includes all of your assets such as the family home, investments, life assurance plans not in Trust and even old family heirlooms. Your estate will be subject to IHT if, when you die, if it exceeds the individual nil-rate band which currently stands at £325,000. Calculating how much your family will have to pay is often, although not always, simple. We have built a strong team of qualified professionals who are passionate to provide the best services for your Inheritance Tax.
VAT Registration and Returns
If you have reached the threshold for VAT registration or are considering voluntary registration, KSMA is the premier resource to guide you through the intricate process of registering with HMRC. With a specialized focus on VAT registration, our team of qualified professionals is well-equipped to handle the preparation and submission of VAT returns, including standard VAT and alternative schemes such as second-hand products marginal VAT. Trust in our expertise to provide comprehensive assistance in navigating the complexities of VAT registration.
Payroll
We offer an online payroll service at an affordable, fixed monthly rate starting at just £15.00. With our service, you will receive unlimited assistance from a dedicated payroll clerk who will handle all aspects of employee payroll documentation. Additionally, we take care of all interactions with HMRC and ensure timely filing of your RTI returns. To further streamline the process, our system sends automated email reminders for your payroll periods. Trust us to provide expert payroll services with efficiency and professionalism.
Inhouse Training
If your company seeks to enhance the proficiency of its accounts department amidst industry-wide changes, as well as remain updated on developments within the tax sector, we are pleased to offer our professional services. Our office can provide your in-house finance team with qualified accountant trainers and tax advisors who can efficiently train your staff at your workplace. Please contact us to discuss further details and schedule a training program tailored to your company's specific needs.
KSMA Chartered Certified Accountants & Tax Advisor is the trading name of KSMA Consulting ltd a registered company in England & Wales registration number 15056986.
© Copyright. All rights reserved.