Don’t leave it until the last minute!

Tax 2017

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 find it? You might have to ask for copy documents and you could end […]

Kung Fu Accounting – a force for good

B Corp business

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 with. Numbers obviously factor heavily in what we do, but when it comes to running our business we put humanity […]

The Rise of the Machines

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 more milk, websites which suggest content you might like to view… Most of us willingly accept […]

Getting comfortable with the uncomfortable truth

Map

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 chances are other people will find the answers helpful, so we see real value in sharing these things – […]

Key accounting dates

Books

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 few dates in mind you won’t go too far wrong. A competent accountant should make sure you meet these […]

To VAT or not to VAT – that is the question

Books

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 year) you should already be registered for VAT except in rare circumstances. Many […]

How effective is your Accounting system?

Car

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 processes to achieve an outstanding result. In an accounting context these elements can be described as; Inputs = bookkeeping records […]

What’s in a name?

Kung Fu translation

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