# Professional Accountants in Somerset > With over 20 years professional experience as a qualified accountant we can help you with many services including Tax Returns, Book Keeping and Management Ac... Website: https://www.kingsoakas.com/ ## Pages - [Home](https://www.kingsoakas.com/): With over 20 years professional experience as a qualified accountant we can help you with many services including Tax Returns, Book Keeping and Management Ac... - [Our Causes](https://www.kingsoakas.com/our-causes/) - [Services](https://www.kingsoakas.com/services/) - [Accreditations](https://www.kingsoakas.com/accreditations/) - [Partners](https://www.kingsoakas.com/partners/) - [Testimonials](https://www.kingsoakas.com/testimonials/) - [Blog](https://www.kingsoakas.com/blog/) - [Contact Us](https://www.kingsoakas.com/contact-us/) ## Blog - [Rachel Reeves’ Latest Statement](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/rachel-reeves-latest-statement/): Rachel Reeves' statement to Parliament today was framed around the Government's response to rising costs, particularly in light of the war in Iran and the pr... - [How One of Our Service-Based Clients Is Extracting Over £19,000 Tax-Free From Their Company This Tax Year](https://www.kingsoakas.com/blog/business-acumen/how-one-of-our-service-based-clients-is-extracting-over-19000-tax-free-from-their-company-this-tax-year/): If you run a service-based business — such as a consultancy, agency, coaching practice or professional services firm — your profits are... - [Student Loan Thresholds: What Employers Need to Know for 2026/27](https://www.kingsoakas.com/blog/other/student-loan-thresholds-what-employers-need-to-know-for-2026-27/): When thinking about take-home pay, many employees focus on income tax and National Insurance - but student loan repayments are often overlooked. For employer... - [Budget 2025 Summary for Small Business](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/budget-2025-summary-for-small-business/): In her Budget speech, Rachel Reeves outlined several measures that will directly affect small businesses and business owners. - [25 Tax-Efficient Ways to Help Business Owners Save Tax](https://www.kingsoakas.com/blog/business-acumen/25-tax-efficient-ways-to-help-business-owners-save-tax/): Running a business is about more than just turning a profit – it’s about keeping as much of that profit as possible. With smart planning, you can... - [A Proud Moment: Andrew Coombs of Kings Oak Accountancy Wins Rising Professional of the Year 2025](https://www.kingsoakas.com/blog/other/a-proud-moment-andrew-coombs-of-kings-oak-accountancy-wins-rising-professional-of-the-year-2025/): We're delighted to announce that Andrew Coombs, owner of Kings Oak Accountancy, has been awarded the Rising Professional of the Year 2025 ... - [Base Rate Cuts: What They Mean for Borrowing, Saving, and Your Business Cashflow](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/base-rate-cuts-what-they-mean-for-borrowing-saving-and-your-business-cashflow/): With today's cuts to the Bank of England base rate, many UK businesses and savers are wondering how this will affect their finances.  Here's a concise g... - [What Is Making Tax Digital?](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/what-is-making-tax-digital/): Making Tax Digital (MTD) is the government's initiative to implement a fully digital tax system in the UK, whereby taxpayers keep digital records and use MTD... - [Making Tax Digital - How Will It Affect Self Employed Individuals?](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/making-tax-digital-how-will-it-affect-self-employed-individuals/): Making Tax Digital is a major change in the way self-employed individuals and landlords in the UK manage and report their taxes. - [Preparing for the Budget Announcement on October 30th: Key Considerations](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/preparing-for-the-budget-announcement-on-october-30th-key-considerations/): As the budget announcement on October 30th approaches, individuals and businesses alike are gearing up to understand how the upcoming financial plans will im... - [A Step-by-Step Guide to Registering for PAYE in the UK](https://www.kingsoakas.com/blog/business-acumen/a-step-by-step-guide-to-registering-for-paye-in-the-uk/): If you're planning to hire employees or pay yourself a salary as a business owner, registering for Pay As You Earn (PAYE) is a crucial step. PAYE is the syst... - [Kings Oak Accountancy: Supporting Clutton FC Through Sponsorship](https://www.kingsoakas.com/blog/other/kings-oak-accountancy-supporting-clutton-fc-through-sponsorship/): At Kings Oak Accountancy, we believe in giving back to our community, and we're thrilled to announce our sponsorship at Clutton FC!  - [VAT a beginner’s guide](https://www.kingsoakas.com/blog/business-acumen/vat-a-beginners-guide/): The VAT threshold of £90,000 (as of the 2023-2024 tax year) in the UK refers to the annual turnover limit for businesses regarding VAT registration.  - [Upcoming Likely Changes to Capital Gains Tax (CGT): What You Need to Know and Do Now](https://www.kingsoakas.com/blog/accountancy-services/upcoming-likely-changes-to-capital-gains-tax-cgt-what-you-need-to-know-and-do-now/): As tax policies evolve, staying informed about upcoming changes to Capital Gains Tax (CGT) is crucial for effective financial planning. At Kings Oak Accounta... - [7 Tips to Increase Cash Flow: A Guide for UK Businesses](https://www.kingsoakas.com/blog/business-acumen/7-tips-to-increase-cash-flow-a-guide-for-uk-businesses/): Managing cash flow is crucial for the survival and growth of any business. Positive cash flow ensures that a business can meet its obligations, invest in new... - [The Spring Budget](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/the-spring-budget/): The Spring Budget was void of huge surprises, but we have summarised the key points for Small Businesses below so you have a short summary specific changes t... - [Autumn Statement](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/autumn-statement/): The Chancellor, Jeremy Hunt, presented his Autumn Statement on 22 November 2023, focussing on five areas: reducing debt, cutting tax, and rewarding hard work... - [Spring Budget Update](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/spring-budget-update/): The Chancellor, Jeremy Hunt, presented his Spring Budget on 15 March 2023.  - [5 steps to take as a New Sole Trader](https://www.kingsoakas.com/blog/sole-traders/5-steps-to-take-as-a-new-sole-trader/): For a start up Sole Trader looking at the options below, you can get free business banking, free accounting software and a free employer pension. - [Trivial Benefits](https://www.kingsoakas.com/blog/business-acumen/trivial-benefits/): Employers can now provide trivial benefits such as small gifts and entertainment without having to include these within PAYE settlement agreements or disclos... - [5 Ways to Ensure that Your Small Business is Financially Sound](https://www.kingsoakas.com/blog/business-acumen/5-ways-to-ensure-that-your-small-business-is-financially-sound/) - [7 Reasons Why Businesses Outsource Financial Functions](https://www.kingsoakas.com/blog/business-acumen/7-reasons-why-businesses-outsource-financial-functions/): When you're dreaming about your exciting new business venture, the chances are that financial functions such as forecasting, reporting and submitting tax ret... - [7 Basic Invoicing FAQs](https://www.kingsoakas.com/blog/accountancy-services/7-basic-invoicing-faqs/): Invoicing can be a tricky and time-consuming process, especially if you're new to the game. To help you out, we've put together a list of seven basic invoici... - [The Top 5 Qualities of Successful Entrepreneurs](https://www.kingsoakas.com/blog/business-acumen/the-top-5-qualities-of-successful-entrepreneurs/): Being a successful entrepreneur requires more than just having a great idea. There are certain qualities and skills that all successful entrepreneurs share. - [A Brief overview of the Government's Mini-Budget](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/a-brief-overview-of-the-governments-mini-budget/): A Brief overview of the Government's Mini-Budget - [The Customer Engagement Metrics You Need to Measure](https://www.kingsoakas.com/blog/business-acumen/the-customer-engagement-metrics-you-need-to-measure/): Customer engagement metrics are key to understanding whether your customers are happy and loyal or at risk of churn. Tracking the right customer engagement m... - [How Much Money Do You Need to Start a Business?](https://www.kingsoakas.com/blog/starting-a-limited-company/how-much-money-do-you-need-to-start-a-business/): Starting your own business is incredibly exciting, but there are many practical considerations to take into account. One of the most important questions to a... - [In House Payroll vs. Outsourcing: The Pros and Cons](https://www.kingsoakas.com/blog/accountancy-services/in-house-payroll-vs-outsourcing-the-pros-and-cons/): Payroll is one of the most critical, and often overlooked, aspects of running a business. It's also one of the most complex and time-consuming tasks that a b... - [How Do You Know When It's Time to Scale Your Business?](https://www.kingsoakas.com/blog/business-acumen/how-do-you-know-when-its-time-to-scale-your-business/): As a small business owner, you will eventually want to scale up. Scaling your business means growing it to a point where it can support more customers or cli... - [A Quick Guide to Operating Profit Margin](https://www.kingsoakas.com/blog/accountancy-services/a-quick-guide-to-operating-profit-margin-/): Your operating profit margin is a measure of your business's profitability. It tells you how much profit your business generates from its operations, after d... - [Does Your Small Business Need a Financial Consultant/Advisor?](https://www.kingsoakas.com/blog/business-acumen/does-your-small-business-need-a-financial-consultant-advisor/): A lot of small business owners don't think they need a financial consultant/advisor. They think that since they are just starting out, or their company is st... - [How to Manage Negative Cash Flow](https://www.kingsoakas.com/blog/business-acumen/how-to-manage-negative-cash-flow/): The words "negative cash flow" certainly don't sound like much of a cause for celebration and truthfully, they often aren't. However, negative cash flow isn'... - [How to Scale Up Your Business: Tips and Strategies for Success](https://www.kingsoakas.com/blog/business-acumen/how-to-scale-up-your-business-tips-and-strategies-for-success/): Scaling up a business is exciting, but it's certainly not easy. It requires careful planning, strategizing and preparation. In this article, we'll go over so... - [A Beginner's Guide to Double-Entry Accounting](https://www.kingsoakas.com/blog/accountancy-services/a-beginners-guide-to-double-entry-accounting/): If you're a business owner, then you need to know about double-entry accounting. This system is the foundation of modern accounting, and it's essential for u... - [The #1 Financial Mistake that Business Owners Make](https://www.kingsoakas.com/blog/accountancy-services/the-1-financial-mistake-that-business-owners-make/): The biggest financial mistake that business owners make isn't about credit cards or spending or savings accounts.- It's DIY accounting. - [How to Develop a Strong Online Presence for Your Small Business](https://www.kingsoakas.com/blog/starting-a-limited-company/how-to-develop-a-strong-online-presence-for-your-small-business/): In this day and age, a strong online presence is a key ingredient for small business success. However, gone are the days when a few Facebook posts here and t... - [5 Smart Investment Strategies for Small Business Owners](https://www.kingsoakas.com/blog/starting-a-limited-company/5-smart-investment-strategies-for-small-business-owners/): As a small business owner, it pays to invest your capital wisely and grow your business steadily, whilst creating a financial buffer to protect your company ... - [EXPENSES - WHAT CAN YOU CLAIM AS A DIRECTOR OF YOUR OWN LTD COMPANY](https://www.kingsoakas.com/blog/starting-a-limited-company/expenses-what-can-you-claim-as-a-director-of-your-own-ltd-company/): Where you have incurred business costs from a personal bank account or cash, as long as you have recorded the expense in the company records you can take thi... - [The Three Ways Your Past May Affect the Business Decisions You Make in the Future](https://www.kingsoakas.com/blog/business-acumen/the-three-ways-your-past-may-affect-the-business-decisions-you-make-in-the-future/): Our decisions are always informed by past experiences, even if only to a small extent. Understanding the relationship between your background and future choi... - [7 Things You Didn't Know Your Accountant Could Do](https://www.kingsoakas.com/blog/accountancy-services/7-things-you-didnt-know-your-accountant-could-do/): Did you know that your accountant could do more than just help you with your taxes? In fact, accountants can help you with a variety of tasks, including book... - [Todays Government Announcement Broken Down](https://www.kingsoakas.com/blog/parliament-announcements-broken-down/todays-government-announcement-broken-down/): In response to the various concerns voiced with regard to the present cost of living crisis, the Chancellor, Rishi Sunak, announced a raft of support measure... - [5 Steps To Take As a New Ltd Company](https://www.kingsoakas.com/blog/starting-a-limited-company/5-steps-to-take-as-a-new-ltd-company/): 5 steps to take as a new Ltd Company - [5 Accounting Tips to Start Your New Business Off on the Right Track](https://www.kingsoakas.com/blog/starting-a-limited-company/5-accounting-tips-to-start-your-new-business-off-on-the-right-track/): When starting a new business, it's critical to get the foundation right. Your journey as a business owner will be much smoother and simpler if you start off ... ## Sitemap - [XML sitemap](https://www.kingsoakas.com/sitemap.xml)