Kings Bookkeeping

read moreWe are seeking to fulfil a requirement within the business community to bring affordable accounting to small businesses. KPB came from Paul King spending 38 years at the helm of an SME conscious that the lack of sound financial advice (at a cost which could be sustained) stifled growth. Practices that are second nature to those involved in small business do not come easily to young and inexperienced entrepreneurs. Start ups use template business plans to impress and flatter; KPB Monarch is about the real honest task of stating goals, achieving success and finally 'turning a profit' to re-invest, or simply to sustain a good life style, the choices are yours.

read moreThe requirements of any business are transparency! The authorities require that you present your financial accounts for any given year in a format that is readable, accurate and able to be understood by everyone, from investors, owners, partners and not least the governing bodies. The task of accountants is to prepare this information so that it fulfils the requirements above. You could do this for yourself, the documents are plain and supported by copious notes and guidance, however it should be everyone's duty to minimise their payment of tax and to this end, the interpretation of the rules and regulations in any given year become essential.

read moreThe levy of tax at various rates has existed for hundreds of years; at times it was exclusively used to expand the Monarchs armoury, at other times it was siphoned overseas for the Monarchs pleasure. Today I am pleased to say we benefit largely from the collection of taxes, to understand this you need to travel in countries were rubbish lines the streets, travel after dark is dangerous for lack of lighting, information is sparse through little or no national library, your ability to access justice and to feel safe (a relative term) is denied.

read moreWithout the information available from regular ledger entry's a business will become starved of cash. The keeping of journals and ledgers is the key to success, every business trades on income and expenditure, huge fixed asset reserves do not pay the Electricity, Gas and Wages. Tight control of income and expenditure will deliver you profit, lose control of this fundamental and you will fail! Allowing someone to assist in the preparation of financial records does not interfere in any way with the operation of the business.

read moreYou are legally bound (upon registration) to return the output tax charged, minus input tax incurred to the HMRC. How simple is that? Many businesses fall foul of the Customs Office, due simply, to poor and incomplete records. Using KPB Monarch systems, VAT is not just recorded but real time budgets and forecasts which will always maintain funds to discharge liabilities to Customs. Always remember that the VAT charged is not your money, it should never form part of any forecast or budget. In accountancy terms it can only appear on the balance sheet as owing or owed.