Kerr Accountancy News Feed

Vote for Kerr Accountancy as Scotland's Best Accountant in 2025

Thu, 21 Nov 2024 00:00:00 GMT

As seen on our social media, we have been nominated for Best Accountant in the 2025 Scotland's Business Awards and can barely contain our excitement!

At Kerr Accountancy, we understand that each client's financial needs are unique, and we take pride in providing tailored advice that goes beyond the numbers. From tax planning and bookkeeping to business growth strategies, our small but dedicated team works hard to ensure every client receives first-class solutions and services.

To be nominated for this award is a tremendous honour for the team as it recognises our commitment to delivering exceptional service to our clients, large and small, across Scotland and beyond.

We need your help to get on the all-important shortlist for Best Accountant 2025 and for...

New: Bookkeeping package for small businesses

Tue, 09 Aug 2022 00:00:00 GMT

Bookkeeping is a necessary evil, and due to the very nature of business – it's also a repetitive task which makes it time-consuming too. Outsourcing your bookkeeping to Kerr Accountancy means you can get on with the business of doing business.

Our bookkeeping package starts at £150/month (+ VAT) and is ideal for small and medium-sized businesses looking to outsource their HMRC compliance and reporting.

What we’ll do for you:

Posting of purchase invoices, expenses, and cash transactions
Posting of basic sales information
Posting of bank transactions
Bank, credit card & PDQ reconciliations
Payroll
Financial report pack
Completing quarterly VAT return and submission
Email and telephone support

Professional Fee Protection: For financial wellbeing and peace of mind

Wed, 31 Mar 2021 00:00:00 GMT

Running your own business is exhilarating, offering you the freedom to do your own thing, be your own boss, and hire people to work for you. What I find with a lot of business owners is the key to success and expansion isn’t the great idea, it’s how the great idea is executed - and the key to that lies in looking after your finances.

For me, this means protecting what you’ve worked hard for, especially when the taxman throws you a curveball. Ensuring all your financial ducks are in a row can be stressful if you carry the worry yourself. Added to this stress can be the unwelcome presence of a random tax investigation. It’s HMRC’s prerogative to...

In, out. In, out. IR35 is changing, what’s it all about?

Thu, 04 Mar 2021 00:00:00 GMT

The overhaul of the IR35 system comes into effect from April 2021 and has the potential to create a few bumps for both business owner and subcontractor alike. If you're concerned about the changes, I'm here to say don't worry, because I positively relish in smoothing out bumps! Navigating the nooks and crannies of IR35 can be time-consuming, so I've decided to write this blog to clear up any issues.

The current IR35 rules provide attractive elements for contractors and subcontractors. As a contractor, you simply hire who you need, agree a fee and a time to deliver the service. You have no further responsibility regarding how they pay their tax and NIC. For the subcontractor, you're responsible for taking care...

When the Brexit dust settles, will your business be tax-ready?

Sat, 19 Dec 2020 00:00:00 GMT

It’s happening. Whether we like it or not, whether we are for it or against it, the time is drawing close for us to say a final farewell to EU membership. It’s fair to say the past few years have had their share of headaches and I know folk who’ve had breakups that were easier, but in this case, the injured parties can’t even agree to disagree!

The last few years have been emotionally and financially draining, beset with stop-start negotiations and fraught with uncertainty. The psychology of the split cannot be underestimated, and whether you approve of it or not - we’ve all been through the wringer. Lots of people are feeling powerless, at a loss as to what to...

Making Tax Digital

Fri, 18 Sep 2020 00:00:00 GMT

Making Tax Digital (MTD): Are you ready?

Making Tax Digital (MTD) is the most significant tax shake-up in the last fifty years as a result of the government moving HMRC to a digital-based tax system.

In time, all businesses will be required to become MTD-compliant which means they will have to record their business-related transactions digitally using an MTD-approved software package. It also requires them to update HMRC every quarter for National Insurance obligations and income tax.

How does MTD help?
There are four main benefits of Making Tax Digital:

Improve the quality of record-keeping
Reduce the chances of error (less manual entry)
Make the management of your business affairs more efficient
Save time as you don't need to gather and input as much data

MTD: Where are...