The photo is of the Lloyds TSB bank Olympic evening at Leeds Carnegie where I was invited to see some pommel horse demonstrations and to hear the experiences of youngsters training.
Accountancy & Finance
Professional and proactive services with personal care
KRA offers a vast range of accounting support and other services that are tailored to your business needs.
Whether you're a freelancer, start up, franchise or small business, we know working for yourself isn't the standard 9-5 job.
What you need is quality service and advice from experts who are friendly, accessible, knowledgeable and passionate about helping you grow and succeed.
That's why we tailor our service to suit your business. We take the hassle out of your finances so that you can concentrate on what you do best - running your business.
We offer bespoke packages to suit your business needs.
Whether you're looking to file your statutory accounts and tax returns, require management accounting or payroll support, draw up a strategic plan, or raise funds for your business, KRA can look after all your accounting needs, allowing you to spend time elsewhere.
We offer a vast range of accounting support and services, all tailored to your specific requirements.
Just some of the services we offer:
Bookkeeping
Bank reconciliations
Software (Sage, Quickbooks, Xero)
Payroll and pensions management
Franchise performance reviews and reports
Financial controller/director
Strategic planning
Statutory Accounts
Corporation tax returns
Personal tax returns and planning
Limited and LLP company formation
Registered office and statutory services
VAT registrations and returns
Management accounts
Cashflow forecasting and financial projection
Research and Development tax credit assessments and claims
Whether you're a freelancer, start up, franchise or small business, we know working for yourself isn't the standard 9-5 job.
What you need is quality service and advice from experts who are friendly, accessible, knowledgeable and passionate about helping you grow and succeed.
That's why we tailor our service to suit your business. We take the hassle out of your finances so that you can concentrate on what you do best - running your business.
We offer bespoke packages to suit your business needs.
Whether you're looking to file your statutory accounts and tax returns, require management accounting or payroll support, draw up a strategic plan, or raise funds for your business, KRA can look after all your accounting needs, allowing you to spend time elsewhere.
We offer a vast range of accounting support and services, all tailored to your specific requirements.
Just some of the services we offer:
Bookkeeping
Bank reconciliations
Software (Sage, Quickbooks, Xero)
Payroll and pensions management
Franchise performance reviews and reports
Financial controller/director
Strategic planning
Statutory Accounts
Corporation tax returns
Personal tax returns and planning
Limited and LLP company formation
Registered office and statutory services
VAT registrations and returns
Management accounts
Cashflow forecasting and financial projection
Research and Development tax credit assessments and claims
Tax
At KRA, taxation is one of our key service lines where we combine true tax expertise with relevant business advice. We can deliver a basic tax computation and return service, but our skills are best suited to finding the answers to any of your tax problems.
Our highly qualified, knowledgeable taxperts work with a varied portfolio of clients, each with their own requirements to which we tailor our advice and services. We take a proactive approach, identifying any areas where we can save you money and efficiently plan for the future.
We specialise in turning complex tax and compliance matters into jargon-free, plain English!
Our Consultants are equipped with the relevant knowledge and insights to assist you in releasing cash from your business when you need to, and in the most tax efficient way possible – this means your cash flow can be optimised to meet the investment needs of your business.
Our dedicated telephone, email or face to face support is also provided as extra peace of mind, and to enable you to get on with doing what you do best – running your business!
Self assessment for individuals and business including iXBRL online submission of company accounts to HMRC. Dealing with HMRC queries, enquiries and tax planning.
Our highly qualified, knowledgeable taxperts work with a varied portfolio of clients, each with their own requirements to which we tailor our advice and services. We take a proactive approach, identifying any areas where we can save you money and efficiently plan for the future.
We specialise in turning complex tax and compliance matters into jargon-free, plain English!
Our Consultants are equipped with the relevant knowledge and insights to assist you in releasing cash from your business when you need to, and in the most tax efficient way possible – this means your cash flow can be optimised to meet the investment needs of your business.
Our dedicated telephone, email or face to face support is also provided as extra peace of mind, and to enable you to get on with doing what you do best – running your business!
Self assessment for individuals and business including iXBRL online submission of company accounts to HMRC. Dealing with HMRC queries, enquiries and tax planning.
Corporation Tax Returns & Planning
Our team will maintain a healthy relationship with you and show a dedication to your business. This will make sure we’re able to work efficiently to limit your liability as well as ensuring compliance, on time.
VAT
If your company is VAT registered, we will review and file your return quarterly.
If you’ve got more complex requirements such as European or Worldwide operations or need to account for VAT on digital services, we can help with that too – just speak to one of our team members and we’ll be happy to help.
If you’ve got more complex requirements such as European or Worldwide operations or need to account for VAT on digital services, we can help with that too – just speak to one of our team members and we’ll be happy to help.
Payroll
We remove the hassle from your payroll and communicate directly with HMRC on your behalf.
We are also able to handle all your auto-enrolment communication and ensure you remain compliant.
For more information about our Payroll service, please get in touch.
We are also able to handle all your auto-enrolment communication and ensure you remain compliant.
For more information about our Payroll service, please get in touch.
SEIS & EIS Advanced Assurance
There are many benefits of becoming compliant with the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS), but one of the main ones is the investment your company could attract from UK business angels.
KRA Accountants are experienced in helping businesses to identify opportunities.
We can also advise your partners and investors of the approved structures and tax incentives available, as well as applying for SEIS and EIS Advanced Assurance in order for you to can give investors the confidence they need to invest in your business.
There are many benefits of becoming compliant with the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS), but one of the main ones is the investment your company could attract from UK business angels.
KRA Accountants are experienced in helping businesses to identify opportunities.
We can also advise your partners and investors of the approved structures and tax incentives available, as well as applying for SEIS and EIS Advanced Assurance in order for you to can give investors the confidence they need to invest in your business.
Virtual FD
Your financial strategy! Not just numbers…
Our Virtual FD service gives you all the benefits of having an in-house Finance Director, without any of the complications, risks, expense and drawbacks of employing one.
If your business is serious about growth, our Virtual FD can benefit you.
How does it work?
Company owners and managing directors have found their working day is transformed by placing the responsibility for their business’ financial management in more specialist hands. Department Heads can focus on building the business and creating strategic direction.
Our Virtual FD service will provide you with all the skills and expertise that would come with in-house Finance Director, for a fraction of the cost.
To ensure quality and consistency, our Virtual FD service is available exclusively to a small number of clients at any one time.
What are the advantages for my business?
Handing over the business’ financial management to a Virtual FD means the Company’s Senior Leadership will have their working day changed dramatically
Introducing a fresh perspective allows for the creation of new opportunities, saving time and developing money saving strategies for your business
Our Virtual FD service provides an effective and efficient service. Access to our professional, qualified and experienced staff; we aim to ensure your peace of mind
The Benefits
There are some clear benefits of having a Virtual FD service rather than employing a Financial Director. These include cost, quality control, consistency and continuity – all of which play a key role in ensuring your business continues to grow.
In addition to that however, there are also some practical benefits, such as:
Your financial strategy! Not just numbers…
Our Virtual FD service gives you all the benefits of having an in-house Finance Director, without any of the complications, risks, expense and drawbacks of employing one.
If your business is serious about growth, our Virtual FD can benefit you.
How does it work?
Company owners and managing directors have found their working day is transformed by placing the responsibility for their business’ financial management in more specialist hands. Department Heads can focus on building the business and creating strategic direction.
Our Virtual FD service will provide you with all the skills and expertise that would come with in-house Finance Director, for a fraction of the cost.
To ensure quality and consistency, our Virtual FD service is available exclusively to a small number of clients at any one time.
What are the advantages for my business?
Handing over the business’ financial management to a Virtual FD means the Company’s Senior Leadership will have their working day changed dramatically
Introducing a fresh perspective allows for the creation of new opportunities, saving time and developing money saving strategies for your business
Our Virtual FD service provides an effective and efficient service. Access to our professional, qualified and experienced staff; we aim to ensure your peace of mind
The Benefits
There are some clear benefits of having a Virtual FD service rather than employing a Financial Director. These include cost, quality control, consistency and continuity – all of which play a key role in ensuring your business continues to grow.
In addition to that however, there are also some practical benefits, such as:
- Budgeting and forecasting
- Real-time performance monitoring
- Management Accounts and KPI reporting
- Rolling cashflow forecasts
- Attendance at monthly management meetings
- Support and/or training of your accounts team
- Assistance with recruiting your accounts team
- Ensure the smooth running of your finance department
- Set up and develop your accounting systems to deliver accurate and reliable data
- Help secure finance for the business
- Direct communication with your bank manager ensuring reliable accurate information is provided in a timely manner
Franchise Accounting
FRANCHISOR - Looking for a network accountant for your franchisees?
KRA Accountants aims to add value to our franchisor clients with a service that improves the performance of all the franchisees they have with us.
Through our network accountancy service and consolidated franchise reporting, our franchisors can get real and timely financial information in one complete network view.
Increase franchisee performance
Benchmark franchisees in your network so you can provide support, guidance and mentoring to optimise performance, based on real results.
Monitor franchisee activity
To ensure changes are sustained, maximising the returns from your franchise network. Regular reports allow you to keep track of your franchisees.
Spot the early warning signs
Spot potential cash flow and other financial issues before they become problems. Check your franchisees are complying with their obligations to HMRC.
If your franchise fees or royalties are linked to sales, you will be able to see what your franchisees are invoicing/ receiving through the system and whether they are able to keep up with their payments.
Avoid misrepresentation
Utilise accurate data to provide justifiable numbers for your franchisee recruitment promotions, minimise the impact of any potential legal challenges.
Are you a franchisee looking for an accountant for your business?
KRA supports several franchisees and their businesses across the UK especially in the field of food and healthcare industries.
Complete control
Stay in complete control with no surprise big bills at the end of the year. Pay fixed monthly fees via direct debit for the package of services you choose.
Franchise industry expertise
We know how your business should be working and can provide better more relevant advice when we are supporting other franchisees within your network.
We provide complete franchise accounting solution including digital bookkeeping, payroll service, compliance work, business planning and cashflow projections, assistance with raising capital, ongoing management reporting and strategic support for you to stay on top and in total control of your business.
Ongoing support
Enjoy a professional, consistent and friendly service with ongoing support and advice included.
FRANCHISOR - Looking for a network accountant for your franchisees?
KRA Accountants aims to add value to our franchisor clients with a service that improves the performance of all the franchisees they have with us.
Through our network accountancy service and consolidated franchise reporting, our franchisors can get real and timely financial information in one complete network view.
Increase franchisee performance
Benchmark franchisees in your network so you can provide support, guidance and mentoring to optimise performance, based on real results.
Monitor franchisee activity
To ensure changes are sustained, maximising the returns from your franchise network. Regular reports allow you to keep track of your franchisees.
Spot the early warning signs
Spot potential cash flow and other financial issues before they become problems. Check your franchisees are complying with their obligations to HMRC.
If your franchise fees or royalties are linked to sales, you will be able to see what your franchisees are invoicing/ receiving through the system and whether they are able to keep up with their payments.
Avoid misrepresentation
Utilise accurate data to provide justifiable numbers for your franchisee recruitment promotions, minimise the impact of any potential legal challenges.
Are you a franchisee looking for an accountant for your business?
KRA supports several franchisees and their businesses across the UK especially in the field of food and healthcare industries.
Complete control
Stay in complete control with no surprise big bills at the end of the year. Pay fixed monthly fees via direct debit for the package of services you choose.
Franchise industry expertise
We know how your business should be working and can provide better more relevant advice when we are supporting other franchisees within your network.
We provide complete franchise accounting solution including digital bookkeeping, payroll service, compliance work, business planning and cashflow projections, assistance with raising capital, ongoing management reporting and strategic support for you to stay on top and in total control of your business.
Ongoing support
Enjoy a professional, consistent and friendly service with ongoing support and advice included.
Business Advisory
Business advice combined and informed by financial expertise is a powerful combination.
Let your business achieve its full potential, with input and guidance from our expert team of business advisors.
Doing the same thing will get you the same results. Don't let your business stagnate. Try something new today - and do it in a structured way, with our support.
Scoping Meeting
Whether you need an experienced external viewpoint or a complete directional rethink, our challenging and insightful scoping meetings provide valuable expertise, input, analysis and recommendations for your business.
Business Health Check
We can help take your business to the next level. We identify and address any issues holding your business back.
We identify and address any issues holding your business back, improve your operational systems and increase the effectiveness of your business strategy.
Business Plans
A business plan is an invaluable tool to mitigate risk within your business and enable rapid and sustainable growth.
Our business plan writers are experienced strategists and management consultants and our in-house design team adds that extra value in presenting the plan exactly how you like it.
Containing industry data, financials, milestones and objectives, our business plans are vital for obtaining finance, as well as for revitalising a stalling business.
Operations Support
Streamline your business to achieve your goals with minimum input.
Pulling together our advisors' many years of collective experience, we will help your business run like a well-oiled machine, optimising head office support and systems performance.
Business advice combined and informed by financial expertise is a powerful combination.
Let your business achieve its full potential, with input and guidance from our expert team of business advisors.
Doing the same thing will get you the same results. Don't let your business stagnate. Try something new today - and do it in a structured way, with our support.
Scoping Meeting
Whether you need an experienced external viewpoint or a complete directional rethink, our challenging and insightful scoping meetings provide valuable expertise, input, analysis and recommendations for your business.
Business Health Check
We can help take your business to the next level. We identify and address any issues holding your business back.
We identify and address any issues holding your business back, improve your operational systems and increase the effectiveness of your business strategy.
Business Plans
A business plan is an invaluable tool to mitigate risk within your business and enable rapid and sustainable growth.
Our business plan writers are experienced strategists and management consultants and our in-house design team adds that extra value in presenting the plan exactly how you like it.
Containing industry data, financials, milestones and objectives, our business plans are vital for obtaining finance, as well as for revitalising a stalling business.
Operations Support
Streamline your business to achieve your goals with minimum input.
Pulling together our advisors' many years of collective experience, we will help your business run like a well-oiled machine, optimising head office support and systems performance.
R&D
What are R&D tax credits?
The research & development (R&D) tax credit is designed to encourage innovation and increase spending on R&D activities for companies operating in the UK.
It's one of the UK government's top incentives for encouraging investment in research and development and allows up to 33% of a company's R&D spend to be recovered either as a reduction in Corporation Tax or a cash repayment.
How do R&D tax credits work?
Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief. If you’re spending money on your innovation, you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction. The scope for identifying R&D is huge – in fact, it exists in every single sector. And if you’re making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.
Is my business eligible for R&D tax credits?
To benefit from R&D tax incentives, you must:
R&D can take place in any sector. It occurs in everything from construction to manufacturing, I.T. finance, engineering, retail, wholesale, communication to renewable energies.
What’s the process to claim R&D tax credits?
R&D tax credit claims are monitored and processed by HMRC, and you can make a claim going back 2 accounting periods.
What counts as R&D?
The government’s R&D criteria are purposefully broad. Whatever size or sector, if your company is taking a risk by attempting to ‘resolve scientific or technological uncertainties’ then you may be carrying out qualifying activity. This could include:
How can we help?
By taking advantage from our specialist R&D tax credit knowledge and experience, you can be sure of securing & maximising your R&D tax claim.
What are R&D tax credits?
The research & development (R&D) tax credit is designed to encourage innovation and increase spending on R&D activities for companies operating in the UK.
It's one of the UK government's top incentives for encouraging investment in research and development and allows up to 33% of a company's R&D spend to be recovered either as a reduction in Corporation Tax or a cash repayment.
How do R&D tax credits work?
Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief. If you’re spending money on your innovation, you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction. The scope for identifying R&D is huge – in fact, it exists in every single sector. And if you’re making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.
Is my business eligible for R&D tax credits?
To benefit from R&D tax incentives, you must:
- Be a limited company in the UK that is subject to Corporation Tax.
- Have carried out qualifying research and development activities.
- Have spent money on these projects.
R&D can take place in any sector. It occurs in everything from construction to manufacturing, I.T. finance, engineering, retail, wholesale, communication to renewable energies.
What’s the process to claim R&D tax credits?
R&D tax credit claims are monitored and processed by HMRC, and you can make a claim going back 2 accounting periods.
What counts as R&D?
The government’s R&D criteria are purposefully broad. Whatever size or sector, if your company is taking a risk by attempting to ‘resolve scientific or technological uncertainties’ then you may be carrying out qualifying activity. This could include:
- Creating new products, processes or services.
- Changing or modifying an existing product, process or service.
How can we help?
By taking advantage from our specialist R&D tax credit knowledge and experience, you can be sure of securing & maximising your R&D tax claim.
- Confident of delivering value to our clients, we offer our R&D tax services on a success fee-only basis.
- We handle your R&D tax claim from start to finish.
- We identify all of your qualifying projects and all your eligible expenses, including costs often missed by generic consultants.
- We look to work together for the long term and add value to our clients as an extension of their business.