Modern accounting
Foxley Kingham News
Understanding Cash Basis – Is It Right For You?
The cash basis of accounting 2024/25 brought a shift in how profits are calculated for sole traders and partnerships. In the majority of cases, profits have historically been calculated on the accruals basis. This means income and expenses are recorded when the...
2025 Triennial Review: What SMEs Need to Know About Lease Accounting Changes
Last month we reported on a series of changes announced to the Financial Reporting Standard 102 – known as the 2025 Triennial Review. One of the major impacts on many small businesses will be changes to lease accounting. This will directly affect how SMEs accounts are...
Guidance for GPs – how to run a successful practice
General Practitioners are facing a number of challenges in today’s economic climate – increasing patient demand, pressure on services, and incoming National Insurance hikes. All of these combined with the demand of the job mean it’s more important than ever to ensure...
The 2025 Triennial Review: Key Changes to FRS 102 and What They Mean for you
The Financial Reporting Standard 102 (FRS 102) is the principal accounting standard for small and medium-sized enterprises (SMEs) in the UK and the Republic of Ireland. Since its introduction in 2015, FRS 102 has provided a simpler alternative to International...
Our yearly review – a successful year for all at Foxley Kingham Group
It’s that time of year again – the time for us to look back at the top moments, wins, and successes from the last year before we move in to 2025. We recognise that our success is largely due to the talent of our people and the trust we’re given by our clients – and...
Tax Planning in the wake of the Budget
As we approach the end of the year, after the biggest budget announcement for a decade or more, planning for the end of the tax year and beyond is more important than ever. Whilst all the usual planning tips apply, such as maximising the use of tax bands and...
Urgent – cut off date for voluntary National Insurance Contributions approaching
The government has given people more time to pay National Insurance contributions towards their State Pension – but the cut off date is April 2025. State Pension Entitlement Entitlement to State Pension is something many people don’t think about until they are...
Become a Chartered Accountant whilst earning a wage – our Apprenticeship Scheme
Are you an A-Level school leaver thinking about the future? Perhaps you want a good career but learning on the job is more your style? If either of these sound like you – the Foxley Kingham Apprenticeship Scheme might be your perfect route to success. Applications are...
The first Labour budget in a decade – here’s all you need to know
The Chancellor’s Autumn Budget has been much anticipated. Against a challenging economic landscape and increased cost of living – businesses and individuals alike were concerned what this budget may bring. But that’s perhaps where the common ground ends. Before the...
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