Articles

Christmas Opening Hours

December 14th, 2018 | Categories: News

The festive period is in full swing, so we would like to take this opportunity to wish all of our clients a Merry Christmas and a Happy New Year! We’ll be taking a break over the Christmas period, so we wanted to make sure that all of our clients knew what time we were closing and when we’d be back open for business. We are closing for the holidays on 24th December at 12:00 and we’ll be re-opening for business on 2nd January at 9:00. We hope everyone has a good holiday this Christmas – we’ll certainly be making the most of […]

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Self Assessment Deadline

December 7th, 2018 | Categories: Tax

It’s that time of year again – it’s nearly Christmas and you’re probably getting ready to wind down for the end of the year. But…are you ready for the upcoming self assessment deadline? Far too many businesses find themselves caught out as the deadline looms after the Christmas break. So when’s the deadline? The deadline for online returns is midnight on the 31st of January, which means there is not much time left! Don’t leave it until the last minute! If you haven’t already done so, we need your records as soon as possible in order to be able to […]

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HMRC Scam Calls

November 19th, 2018 | Categories: News

There has been a recent spike in HMRC scam calls. Members of the public have been advised to be aware of a number of HMRC scam calls recently reported to police. We at K.A.Farr & Co. have received a number of worried calls from business owners who have received these HMRC scam calls or emails. We have investigated the scam and been able to provide the reassurance that our clients needed. It is important that you stay vigilant and look out for the signs of a scam call. The caller may tell you that you owe a significant amount of money […]

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Act now to comply with Making Tax Digital

September 28th, 2018 | Categories: Tax

Be Ready with K.A.Farr & Co. From April 2019 businesses above the VAT threshold will be required by law to keep their records digitally and provide quarterly updates to HMRC in compliance with Making Tax Digital. In July 2018 HMRC issued more detail on this new legislation via VAT notice 700/22. If you think you will be caught by MTD for VAT we recommend you read this new notice sooner rather than later. Businesses can currently use manual records, spreadsheets, accounting software or a combination of all three to maintain their business records. However, from the April 2019 deadline businesses […]

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Just Giving for Emie

September 21st, 2018 | Categories: Events

Joyce Townley from the Payroll Department here at K.A.Farr & Co. is raising money for treatment for her 11-month-old baby granddaughter Emie. Emie has been diagnosed with having Plagiocephaly (flat head syndrome) and Brachycephaly, which requires her to be fitted with a customised cranial helmet called a DOC band and the treatment has to be started before she is 14 months old. Unfortunately, the treatment is only available privately which means the money needs to be raised in a very short space of time to give her the best future possible. Once the band has been fitted Emie has to return to the clinic, […]

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Making Tax Digital

August 15th, 2018 | Categories: Tax

Making Tax Digital or MTD is an initiative designed by the Government in conjunction with HMRC to make sure the UK tax system is effective, efficient and easier for taxpayers. Beginning on 1 April 2019, VAT-registered businesses above the threshold of £85k will have to keep digital records in line with Making Tax Digital and submit VAT returns using compatible software. The key things to remember are: Business records must be kept in digital form Quarterly updates must be submitted to HMRC An annual ‘End of Year’ report with final figures must be submitted. What does it mean for my […]

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Practice Makes Perfect?

August 15th, 2018 | Categories: Events

KA Farr & Co Accountants recent team building afternoon at Southport’s Crazy Golf course paid dividends for staff member Debbie Kelly. While playing at Ormskirk Golf Club she hit a hole-in-one at the 14th par 3! “I knew I’d hit a good shot as it sailed off in a direct line to the flag” she told colleagues. “But the green is surrounded by bunkers and it often drops right into one of them.” Debbie says “It was a wonderful feeling to see it go in the hole from the tee but we still had to be totally sure by peering […]

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Pat’s retirement from KA Farr & Co

August 15th, 2018 | Categories: Events

Accountants Research suggests that if you treat your staff well and invest in them through fair pay and benefits, they’ll be more likely to stay with your company over time. That means lower costs, better employee morale, and higher productivity – which can only be good for clients too. Here at K A Farr & Co we have great staff retention, 86% of our team have been with us more than 5 years and the average length of service of our current team is 13 years! However, sadly we have just lost one of our longest serving members, due to a well-deserved […]

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Accountants Go Crazy!

July 19th, 2018 | Categories: Events

Last week in an attempt to ignore the hysteria about a certain World Cup semi-final we organised a team building event at the Crazy Golf course in Southport’s Kings Gardens! The number crunchers managed to sort themselves into 4 teams of 3 but saved a fortune by doing it in one leg – the Final. Without any yellow cards being given out, or penalties (unlike HMRC!) the winning team was ‘The Managers’ with Warwick getting a prize for the lowest scoring card. Refreshments were taken with the prize giving at the local 19th Hole and teams agreed, like England, to try harder […]

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Tax Investigation Insurance

June 22nd, 2018 | Categories: Tax

Tax Investigation Insurance will protect your business against fines from HMRC Tax Investigation Insurance, also known as Tax Enquiry Insurance, Tax Fee Protection or TFP schemes, all mean one thing… If you are selected for a tax enquiry, we will robustly defend you against unjustified questions by HMRC. The investigation can be detailed and very time-consuming, which means that even if no extra tax is payable the cost to your business can be substantial. However, with Tax Investigation Insurance from KA Farr & Co, the cost of our time is covered by your premium. Since 2010 HMRC have invested £1.8 billion targeting businesses who have underpaid tax. New […]

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If you would like would like to speak with a member of our team, you can call us on 01704 211 434 or send us an email using our enquiry form.

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