Our accountants are highly qualified with a wealth of financial, taxation, auditing and business experience gained over many years by working with business owners of small to medium size businesses in various sectors. Whether you are running a successful business or just about to embark on the exciting path of starting a new business, our accountants can advise and guide you, at every step and direct towards success.
What Difference can KVS make in your business
When there are dozens of other chartered firms, why should you select KVS as your long term business solutions partner?
People who really understand the business issues unique to your sector will advise you.
KVS offers a comprehensive package with a fixed fee agreement. This makes it easy for businesses to plan and control the budget for other business activities.
KVS has extensive experience in dealing with authoritative bodies such as HMRC and Companies House. We can help you in reducing your burden in filing documentation and dealing with these bodies with relation to various queries. This will enable you to focus on your business as we manage all your financial matters.
KVS understands the business and local communities in which it has offices and has a keen interest in their development.
The flat rate scheme is used by many small to medium sized businesses to simplify their VAT reporting. Many of those businesses enjoys a cash advantage from using this scheme. However, this advantage is due to be cut back significantly from 1 April 2017. The FRS will continue but many businesses will not find it economical to use.
When using the VAT flat rate scheme the business ignores VAT incurred on purchases when reporting VAT payable, with the exception of capital items that cost £2,000 or more. The business just multiples the gross turnover (including VAT charged at the normal rates) by the flat rate scheme percentage set for his particular trade sector.
If the business incurs expenses, and it operates using the flat rate scheme for VAT reporting, it will pay out less VAT to HMRC under the flat rate scheme than it would outside the scheme. Many businesses register for
The government believes small businesses have been abusing the flat rate scheme, so it is changing the terms of the scheme to make is less attractive to use, and to reduce the cash advantage enjoyed by service-related businesses. From 1 April 2017 a business will be required to use a flat rate scheme percentage of 16.5% if it is a “low cost trader”. This likely to adversely affect businesses in majority of the trade sectors trade sectors on the flat rate scheme.
If you are a small business and registered for VAT contact KVS accountants based in Fulham for advice on VAT, preparation of VAT returns and filing VAT returns to HMRC.
"KVS & Co in Fulham, London are a great team who work together to provide us with sound professional advice on all our accounting issues, both routine and exceptional. In recent years Kris and his colleagues have become an indispensable part of our business dealings, we are fortunate to have chosen an accounting practice with a responsive, flexible and customer friendly approach that matches our needs"
TA Consult Partners Limited
"I have been using KVS Accountants for over 2 years and they provide an excellent personal service. I would highly recommend them."
“KVS has provided an excellent service for my small business, taking care of my annual tax return in a timely, cost effective and efficient manner. Knowing I do not need to worry about working out my tax each year frees me of a major potential headache and means I can concentrate fully on running the business. I would not hesitate in recommending KVS' services”
“Kris and his professional team have afforded my company the highest level of expertise, commitment and understanding that is too often overlooked by their competitors. Their unrivalled business acumen and tenacious appetite to deliver both services and solutions to real, everyday problems, has enabled me to concentrate on those aspects of my company that are both essential and important to my own customers.'
“KVS has been extremely helpful for my business both in terms of accounting and other advisory related matters. Apart from accounting and tax related issues, i always seek the advise of KVS for HR related matters of my business. They have been very helpful, friendly and understanding. I have no hesitation in recommending them for others”