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We like to blog about things that can help your business!

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We’ll use this blog to tell you what we’re up to and share useful and interesting information which could be helpful to your business aims. If something here makes you think, or smile, and you want to get in touch, then please drop us an email.

BCorp – Best For The World 2019

BCorp – Best For The World 2019

Best For The World 2019 KFA’s governance is Best for the World! August 2019 was a great month for Kung Fu Accounting. It marked the end of our third year in business and our first year as a full B Corporation. We achieved a number of significant milestones throughout...

Making Tax Digital

Making Tax Digital

Are you VAT registered? Do you use HMRC’s gateway to submit your VAT returns? If yes, do you know about “Making Tax Digital”? The next entry in our “Ten Things” series addresses the key issues arising from HMRC’s plan to “transform tax…

2017/18 Impact Statement

2017/18 Impact Statement

2017/18 Impact Statement August 2018 marked our latest financial year end, and if you’ve worked with us over the last couple of years you won’t be surprised to know that our accounts and returns were finalised and submitted less than a month after year end (giving...

Don’t leave it until the last minute – part two!

Don’t leave it until the last minute – part two!

Last October we wrote this blog and it’s such an important message that it deserves repeating. There are a number of benefits to completing your tax return early. We’ve highlighted a few to help guide you.

How to change accountants

How to change accountants

“I’m not sure how to change accountants – what do I need to do?” – That’s a great question and one we get asked all the time. It can be a scary prospect because of the complex nature of accounts and tax returns, but in reality switching accountants should only take one email to get the ball rolling.

Get paid more quickly

Get paid more quickly

Get paid more quickly Here's another real-life example of what happened when a business decided to implement the Kung Fu Accounting method, this time to improve their sales invoicing processes. Background This client has been working with us since January and has...

More time

More time

Do you want more time? **Case Study Alert** Why apply Kung Fu Accounting to your business? Here's a real-life example of what happened when one of our clients did exactly that. Hint - the picture is a clue! Background Doing the books used to take our client at least...

There isn’t enough time for bookkeeping

There isn’t enough time for bookkeeping

There isn't enough time for bookkeeping We hear that a lot. You're busy. You're trying to run a business and the last thing you want is to waste time dealing with admin. Quite right too; neither do we. However, without accurate and up to date bookkeeping...

Don’t leave it until the last minute!

Don’t leave it until the last minute!

Don’t leave it until the last minute! The personal tax return deadline is 31 January. That’s over three months away, so nothing to worry about just yet. Or is it? If you don’t know what information you need for your tax return how will you know where to...

Kung Fu Accounting – a force for good

Kung Fu Accounting – a force for good

Kung Fu Accounting a force for good Everyone has the power to make a positive difference, however small, through their actions and choices. Business is no different. Kung Fu Accounting exists to enable, enhance and enrich the lives of everyone we work...

The Rise of the Machines

The Rise of the Machines

The Rise of the Machines We all know machines can perform repetitive tasks consistently, efficiently and accurately, and intelligent software is finding its way into every part of our lives – phones which can track your movements, fridges that tell you when to order...

Getting comfortable with the uncomfortable truth

Getting comfortable with the uncomfortable truth

Getting comfortable with the uncomfortable truth If you’ve been following the blog for a while you’ll have noticed that we write about real conversations we’ve been having with real business owners, and today’s entry is no different. When one person asks something...

Key accounting dates

Key accounting dates

Key accounting dates The second entry into the KFA reference library addresses the second most frequently-asked question arising during conversations we’ve been having with independent business owners. Note – the following is a simplification, but if you bear these...

To VAT or not to VAT – that is the question

To VAT or not to VAT – that is the question

To VAT or not to VATthat is the question Since KFA went live in November 2016, one question which has come up more times than any other from independent business owners is whether or not to register for VAT. If your sales income is over £83k per year (for 16/17 tax...

How effective is your Accounting system?

How effective is your Accounting system?

How effective is your Accounting system? Any machine or system requires inputs, processes and outputs. Look at a car; petrol goes in, the engineering converts it into motion, and the car moves. The best machines push optimised inputs through extremely fine-tuned...

What’s in a name?

What’s in a name?

Kung Fu Accounting is not just a quirky name – there is a deeper meaning to discover.

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