As the calendar year draws to a close, UK businesses are presented with a crucial task that can significantly impact their financial health and compliance—completing a comprehensive “Year-End Accounting Checklist.” At King and Taylor, your trusted accounting partner, we understand the importance of this annual ritual. It’s not just about wrapping up financial affairs; it’s …

Year-End Accounting Checklist for UK Businesses: A Guide by King and Taylor Read More »

Welcome to our comprehensive guide on managing self-assessment tax returns for sole traders in the UK, brought to you by King and Taylor. We understand that navigating tax obligations can be complex, but you don’t have to do it alone. At King and Taylor, we’re here to help you through every step of the process. …

Managing Self-Assessment Tax Returns: A Step-by-Step Guide for Sole Traders Read More »

Income tax can be a complex and daunting subject, but it doesn’t have to be. Whether you’re a seasoned taxpayer or just starting to navigate the intricacies of the UK tax system, having the right guidance is essential. That’s where King & Taylor, your trusted expert accountants in Gravesend and Sittingbourne, come in. Our team …

How Does Income Tax Work in the UK: A Simple and Easy Guide Read More »

Running a successful small business is an exciting ride, but as you know, it comes with its fair share of financial challenges. That’s why having a rock-solid financial plan is an absolute must! Lucky for you, King and Taylor are here to be your go-to experts for all things accounting and financial planning. Keep reading …

Financial Planning for Small Business: Setting Long-Term Goals with Your Accountant’s Help Read More »

Financial statements are a critical tool for businesses of all sizes to understand their financial health and performance. If you’re new to accounting or finance, understanding these statements can be a bit daunting at first. However, with a little guidance and some practice, you can learn to read and interpret financial statements with ease. In …

Understanding Financial Statements: A Beginner’s Guide Read More »

As a small business owner in the UK, it can be stressful and overwhelming to receive a notification from HM Revenue and Customs (HMRC) that your business is under investigation. While it can be tempting to ignore the notification or hope that it will go away, it is important to understand why HMRC is investigating …

Why is HMRC Investigating Your Business? Understanding the Consequences of a Tax Investigation Read More »