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KN MORRIS TAX CONSULTANCY

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About

KN Morris Tax Consultancy has been providing professional financial services to the community for the past five years. Our team of qualified accountants and dedicated support staff have grown to meet our growing demand. With extensive expertise in the industry, we offer a wide range of services designed to meet your needs.

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52 hires on Bark
24 min response time

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Reviews (17)

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5/5

17 customer reviews

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verified
24 April 2024

Accounting

Amazing service from Khyzer, very responsive, fast, efficient and knowledgeable. He took the stress out of my tax returns and done a fantastic job for me! I would highly recommend Khyzers services to anyone in need of tax support. More...

verified
2 August 2023

Tax Preparation

Great service and was very patient in sorting out a legacy tax issue

verified
8 June 2023

Accounting

Khyzer was very professional, communicative and trustworthy when dealing with my taxes. He provides a no-judgement service and is able to cater to all different types of business sectors. He also is very eager to help you understand the process of tax returns & his knowledge of accounting is incredible. He makes the whole process of filing taxes way less daunting through his clear & well-mannered communication. I can’t recommend him enough & that’s just after my first experience with KN accountancy! Won’t be the last for sure. More...

verified
6 April 2023

Business Accounting Services

I can recommend KN Morris Tax Consultancy, Khyzer is very good and knowledgeable. Fast and friendly service, thank you

verified
24 March 2023

Accounting

Excellent service helped me It was my first return so much Patience really friendly gets back to you quickly 10/10 recommended

verified
22 March 2023

Tax Preparation

Overall a great experience. I am typically super busy and had left everything to the last minute. Khyzer was very accommodating. As soon as we got some time locked in, which was probably the trickiest part with our schedules, he was off to work. Saved me money which is the main thing and I would recommend! Thank you ☺️ More...

26 January 2023

Can’t recommend Khyzer enough. He made the entire process of submitting my tax return so seamless and stress free. Constant communication from him was reassuring and completed my return so quickly.

He’s absolutely lovely, 10/10 recommend!
More...

verified
3 January 2023

Tax Preparation

Service, knowledge in tax, support and advise from KN Morris exceeded my expectations. I have found the best consultant around London. Highly recommend his services

30 December 2022

I have used Khyzer’s services for several years and he has always provided me with the best advice and results even for the most complex tasks. I would not hesitate to recommend him- If you need a professional and efficient accountant look no further! More...

verified
30 December 2022

Business Accounting Services

I requested Khyzer services to fill my self assessment tax return and I couldn't be more pleased with his professionalism. Very quick responsive and I highly recommend his services. More...

2 November 2022

I am very grateful for Khyzer’s help and assistance when recently completing my first tax return for my business. His service was quick and efficient, and I hope to use his services again in the future.

verified
31 October 2022

Business Accounting Services

Working with Khyzer at KN Morris Consultancy was a great experience. Quick, good communication and he went above and beyond to help set up my limited company.

verified
29 October 2022

Accounting

Cost effective accountancy. Efficient service.

Going forward, I intend to seek further accountancy advice from this firm.

Thank you.

verified
29 October 2022

Accounting

Khyzer provided a great service, and was good at communication, during the process. He also provided me with additional information to help build my knowledge. There was a bit of a mix up with quoted price but he was very professional when we decided on the final price for his services. I will use him in the future. More...

verified
28 October 2022

Business Accounting Services

Khyzer was really helpful and easy to work with. We’re a new business and he helped to simplify the process and ensure our accounts were filed on time.

27 September 2022

Very quick and efficient, he answered all my questions, affordable price. I definitely will do my tax for next year with this company. Many thanks

verified
27 September 2022

Accounting

Filed my accounts promptly and efficiently not to mention cost effective thanks

Q&As

At KN Morris Tax Consultancy, we focus on providing a personal and professional service to all sorts of clients. We offer assistance to start-ups, sole traders, partnerships, limited companies, landlords, contractors, freelancers and individual taxpayers. Our clients are often looking for ways to streamline their accounting processes and we're here to help guide them every step of the way. Our team of experienced accountants and tax professionals are here and ready to help you. Plus, we've got expertise with popular accounting packages such as QuickBooks & Sage - so you'll always be compliant with Making Tax Digital.

Getting a great accountant is fundamental to running any business. They are responsible for providing accurate and reliable financial advice, which is key to making informed and strategic business decisions. An accountant’s role is critical to financial success, as they will manage data, analyze financial statements, and detect inefficiencies or anomalies that can lead to improved cash flow and profitability.

By having the right information at hand, businesses can create better budgets and financial plans, which can in turn help ensure that the company isn’t overspending and help business owners make smart investments. Moreover, a great accountant can help businesses identify potential growth opportunities and reduce unnecessary costs.

Accountants also provide advice about important tax, legal, and regulatory issues. They help business owners avoid potential legal liabilities and any changes to tax laws, helping to ensure that all financial obligations are taken care of.

Finally, a great accountant can help business owners stay organized and on top of their finances. They can provide important financial advice and recommendations on how to build a strong financial foundation for their companies. This can include tracking financial information, but also providing useful advice on how to better manage the company’s money.

In short, when it comes to running a business, a great accountant is indispensable. They can provide reliable financial advice and help business owners make smarter investment decisions, while also helping to ensure that they stay compliant with tax laws and regulations. By bringing on a great accountant, businesses can benefit from improved cash flow, better budgeting, and even potential growth opportunities.

As an accountant, I love the challenge of problem solving. Each day brings an opportunity to tackle a new problem and explore creative solutions. Solving problems like identifying cost savings, evaluating risks, and designing financial plans require critical thinking and analytical expertise that I find immensely satisfying.

I also love the immense sense of satisfaction I derive from the work I do. When I complete a task, I can look back and be proud of the work I've done and the positive impact it has had on my clients and their finances. It's incredibly rewarding to know that my efforts have helped improve someone's financial situation.

Finally, I appreciate the way working as an accountant allows me to develop and refine my skills. I'm constantly learning new tools and techniques that I can use to better understand and analyze financial data, and this knowledge can be applied to work with clients in the future.

In the end, it's the challenge and satisfaction that I find most rewarding about being an accountant. I'm constantly pushing myself to find new solutions, and I'm proud of the impact I'm able to have on my clients’ financial health. Being an accountant is about much more than just crunching numbers – it's about finding creative solutions and making a positive difference in people’s lives.

As a long-time accountant, I have always been passionate about utilizing my knowledge and skills to help others with their financial needs. When I first started my career, I saw a gap in the market for reliable and experienced accounting services – services that truly put the needs of the client first. Whether it was providing advice on tax issues, helping small businesses create and maintain their finances, or something else – I saw a need that I wanted to fulfill.

That’s why I decided to start my own accounting service provider. With my team of knowledgeable, experienced, and passionate professionals, I am confident that we can provide the best accounting solutions possible. I believe that the client should come first, which is why we are dedicated to providing the best service possible. From providing advice on tax issues to helping businesses create and maintain their finances, we can provide quality solutions that will help our clients achieve their desired financial goals.

At the end of the day, I wanted to use my knowledge and experience to help other businesses succeed. Creating my own accounting service provider seemed like the best way to do that, and I'm confident that we will continue to be successful in the years to come.

Our team at KN MORRIS is committed to providing the best accounting services to our clients. Our decades of experience, unparalleled service quality, and commitment to customer satisfaction are the foundations of our success and what sets us apart from other accountants.

At KN MORRIS, we provide a comprehensive range of accounting services, from tax planning to bookkeeping to audit and more. Our experienced team is always up to date on all the latest industry regulations and trends, and we strive to find the best solutions for each of our clients. By working with us, our clients can rest assured that their accounting needs are in safe hands.

We take the time to thoroughly understand each client’s unique needs and tailor our services to meet their specific requirements. Every service we perform is backed by our commitment to client satisfaction – we only provide accounting solutions that are in the best interest of our clients’ needs.

Our approach to client service is personalized and focused on building strong relationships. We strive to provide a personalized and tailored service to each of our clients, while at the same time offering competitive rates. Our team is always available to answer any questions that our clients may have, and our vast experience allows us to quickly identify and provide solutions for any challenge that may arise.

At KN MORRIS, we are dedicated to providing an exceptional level of service to every client. By choosing us for your accountancy needs, you can be sure that you are in the hands of experienced professionals who are devoted to fulfilling all of your accounting needs.

At KN MORRIS, we believe that everyone should be able to access reliable, experienced accountancy services no matter where they are located. That's why we offer our services online and remotely, allowing clients to access our professional services regardless of their location.

Our online accountancy services include tax planning, advice and consulting, estate planning and advice, bookkeeping, business development advice and more. Our professional team is highly experienced and are able to provide insights, recommendations and advice tailored to the specific needs of our clients, no matter where they are located.

When working with us, clients can receive tailored, one-on-one consultations with a senior accountant either by phone or email at their convenience. We also employ modern online accountancy software to securely store, access, and modify clients’ data, making it easy for them to review and analyze their accounts with us.

Our remote accountancy services are also just as comprehensive and secure as those provided in-person. All our accountants will strive to provide the same high-quality advice, understanding, and clarity that our in-person clients are used to.

We understand that many clients may be hesitant to take their services online or remotely, so we strive to provide complete transparency with all the services we offer. Our team is available to answer any questions or concerns, and to reassure our clients that their data is secure and their accounts are managed professionally and accurately.

If you would like to inquire about our online or remote services, please do not hesitate to contact us. We look forward to serving you and your financial needs.

At KN MORRIS, we take the safety of our customers very seriously. In the wake of the COVID-19 pandemic, we have implemented a series of changes to ensure that all of our clients feel comfortable and secure when engaging with us.

To start, we have incorporated digital solutions into our workflow, allowing customers to utilize our services remotely. This helps to ensure social distancing, while still allowing us to provide timely and comprehensive services.

We have also implemented enhanced safety protocols in our physical offices. All clients and staff must wear face masks and adhere to social distancing guidelines. All shared surfaces such as door handles, countertops and keyboards are regularly disinfected and hand sanitizer stations are available. Furthermore, we are limiting the number of persons in our offices at any one time and encouraging customers to arrange specific appointments beforehand to limit contact.

In addition to the physical safety measures we take, we also prioritize the safety of our clients’ information. We hold our staff to the highest data security standards, encrypting all records and documents and taking all necessary steps to ensure the privacy and security of financial information.

At our accountancy service provider, the safety of our clients is our number one priority. We are committed to providing a safe environment in which our clients can receive the best possible services.

Services

The UK has the longest tax code in the world, so preparing even the most straightforward tax return can be complicated. There are various deadlines and responsibilities for taxpayers to be aware of.
The most common reasons that a tax return may be required are as follows:

-You are self employed or a partner in a partnership
-You are a company director
-You have large amounts of savings or investment income
-You have untaxed savings or investment income
-You own land or property that is being let
-Your household receives Child Benefit and you have income in excess of £50,000
-You have income from overseas
-You have sold or given an asset away (such as a holiday home or some shares)
-You’ve lived or worked abroad or aren’t domiciled in the UK

The staff at HM Revenue & Customs are not tasked to advise you on how to organize your affairs and minimize your tax. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional.

At KN MORRIS TAX CONSULTANCY we use HM Revenue & Customs-approved software to:

-Complete your tax return
-Calculate your tax liability
-File the return online
-Liaise with you on the amounts to be paid and when they are due
As part of the above service, we can analyze your self assessment tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted.

This process helps to minimize your risk of a HM Revenue and Customs inquiry into your tax affairs. If you are experiencing cash flow problems, we can explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue and Customs on your behalf.

By giving you a discounted competitive price, we can take the worry away when it comes to self assessment tax returns; allowing you to concentrate on running your business.

Every limited company that is based in the UK is subject to corporation tax on their profits. Limited companies that are non-UK based can still be expected to pay corporation tax.

The first thing you must do is register your company with HM Revenue and Customs (HMRC), using its official forms, so it knows you are liable for corporation tax.

If your company is liable for corporation tax, you must calculate how much profit your company makes for each accounting period and how much corporation tax is payable on those profits.

This information must be reported to HMRC on a corporation tax return form and accounts and tax computations must be submitted to HMRC in support of the return.

There are strict penalties for filing late returns and interest is charged on tax paid late, so it is important that the deadlines, which are determined by your company's annual accounting date, are adhered to.

We can assist with the preparation of company accounts, company tax returns and tax computations and will also be able to provide advice on any tax planning areas that may benefit you and your company.

Year end accounts often form the basis of your Self Assessment tax return and provide a valuable insight into your business.

For sole traders and partnerships, year end accounts will form the basis of the business owners’ self assessment tax return.

For a partnership, the year end accounts will also state the balance on each partner’s current account. For owner-managed limited companies, the limited company accounts will house details of the directors’ salaries and the dividends paid to shareholders, which will need to tally with their self assessment tax return.

The year end accounts provide invaluable information about your business. You can see if the margin on your sales prices is set appropriately and how the latest performance compares to last year. Movements in sales and expenses are laid bare, allowing you to make better decisions in the future. Anomalies are highlighted and can then be investigated. Having year end accounts brings you closer to your business and will help drive success.

Banks will also prefer to see a set of accounts for self employed applicants looking to raise finance or apply for a mortgage.

Deciding on a Year End
Limited companies, partnerships and sole traders are free to pick whatever year end they like.

Many business owners will pick a calendar year or the tax year (either 31st March or 5th April). Picking the tax year will make your tax liability based on the latest finalized accounts and therefore as current as possible. Consequently, some business owners prefer to have a tax year end, because they have a better feel for what their tax liability might be. Opting for the 31st March or 5th April will also avoid any complicated overlap relief calculations for sole traders or partners.

Alternatively, you might choose a year end that suits your business - a quiet time of the year when you can have the time get everything together: count up stock and summarize your unbilled work, etc.

If you have other business interests, think about making the year ends all the same. This means the deadlines are easier to remember because they will be similar but does also mean they all come at once!

You should look to prepare sole traders accounts and partnership accounts well ahead of the tax return deadline of 31st January. Companies typically have nine months from their year end to complete their accounts, but it’s always best to check on Companies House’s website what the company accounts filing deadline is.

Give yourself as much time to prepare the accounts as possible. Rushing can lead to errors and there may be receipts or bank statements you need to find. It also allows you to consider if you’ve claimed everything you’re entitled to and whether there are any tax planning opportunities available.

KN MORRIS TAX CONSULTANCY provide accurate and comprehensive bookkeeping services to suit your needs. Everything you would expect from a professional bookkeeper.

We provide you with a range of bookkeeping services which include using the latest cloud software and apps, removing manual record keeping tasks and improving your overall efficiency.

We can set you up on a secure, cloud-based system that makes keeping on top of your bookkeeping much easier.

You can benefit from:

Simple to use apps,
Real-time, valuable insight into your business,
Smoother process for storing your records,
More control over your numbers,
Better commercial decisions,
Greater foresight to grow your business,
Time back for you either in the business or at home.

We will explain what records are required and what you can claim for. With our digital bookkeeping solutions including QuickBooks and Xero, all you need to do is simply send us your paperwork through smartphone apps such as Receipt Bank, via email.

We can offer you a full payroll service with plenty of options to suit you and your business.

If your business has expanded and you need to employ more people then it’s understandable to feel daunted by the duties required to run a payroll on top of everything else you need to do. Meeting your obligations as an employer to HM Revenue and Customs (HMRC) can be confusing and time-consuming. Furthermore the increased responsibilities to your employees surrounding auto enrolment pension contributions can really add to the workload.

By working with us it’s possible to maintain your responsibilities as an employer, while freeing yourself of the day-to-day concerns that payroll can bring.

Whether you're just starting out or have been in business for a long time, We can help you meet your VAT responsibilities.
If you're just starting out, we can help you decide whether you need to be VAT registered from the outset or not. And we will continue to monitor your situation, so that should it become obligatory for you to register for VAT, we can deal with all of the paperwork for you.

In contrast, we will also monitor your position for when we think you are able to and would benefit from deregistering.

Whether a new or existing business, we will also look at the VAT schemes you are eligible for and establish whether you would be better off adopting one or a mixture of them. Some VAT schemes can lead to tax savings and a reduction in bookkeeping responsibilities.

We can prepare your VAT return; either from your own bookkeeping records or we can take care of your record keeping and the VAT return. And we will try to ensure that you claim as much VAT as possible, particularly on contentious items such as mixed-use expenditure and motor running costs.

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