K2 Accountancy Group

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With the World Cup final taking place today between Argentina and Spain, we're taking one last look back at England's to...
19/07/2026

With the World Cup final taking place today between Argentina and Spain, we're taking one last look back at England's tournament.

England signed off in style with a 6–4 victory over France to secure third place.

K2's England manager, Kym, summed it up perfectly:

'We'll take that!'

Congratulations to the Three Lions on a fantastic tournament.

Selling an asset this year?The Capital Gains Tax annual exempt amount is currently £3,000.Before you sell shares, a seco...
15/07/2026

Selling an asset this year?

The Capital Gains Tax annual exempt amount is currently £3,000.

Before you sell shares, a second property or other chargeable assets, it’s worth understanding how Capital Gains Tax could affect you.

Planning ahead could help you make the most of the allowances available and avoid unexpected tax bills.

Get in touch with K2 Accountancy Group if you’d like to discuss your options.

Proposed changes to the UK tax system have been put forward in a new report by the UCL Institute for Global Prosperity.T...
10/07/2026

Proposed changes to the UK tax system have been put forward in a new report by the UCL Institute for Global Prosperity.

The recommendations include:

• Combining Income Tax, National Insurance, Capital Gains Tax and Inheritance Tax into a single tax on income.

• Replacing Council Tax and Stamp Duty with an annual property value tax.

• Simplifying the UK's overall tax system.

These are proposals only and are not Government policy. However, with tax reform continuing to be a key topic of discussion, we'll be keeping a close eye on any future developments.

Working abroad doesn't mean your UK pension stops working too.Whether you're relocating for a new job, spending a few ye...
08/07/2026

Working abroad doesn't mean your UK pension stops working too.

Whether you're relocating for a new job, spending a few years overseas or planning to retire abroad, it's worth understanding how the move could affect your pension.

Depending on your circumstances, you may still be able to:

• Continue contributing to a UK pension after leaving the UK.
• Protect your UK State Pension through National Insurance contributions.
• Make the most of available pension allowances when returning to the UK.

Cross border pension and tax rules can be complex, so planning ahead could help you avoid unexpected costs and make the most of the options available.

Source: Financial Times

We hear these tax misconceptions every week.They might sound harmless, but believing the wrong advice can lead to penalt...
03/07/2026

We hear these tax misconceptions every week.

They might sound harmless, but believing the wrong advice can lead to penalties, unexpected tax bills and unnecessary stress.

Here are three of the most common misunderstandings we come across.

If you're ever unsure what applies to your circumstances, speak to the K2 Accountancy Group before a small misunderstanding becomes a costly mistake.

England are through!K2's very own England manager, Kym, has refused to comment on the rumours that the match-winning tac...
02/07/2026

England are through!

K2's very own England manager, Kym, has refused to comment on the rumours that the match-winning tactics came straight from his notebook.

Whatever the truth, we'll be cheering the Three Lions on in the next round.

Come on England!

The Government's temporary Great British Summer Savings scheme is now live, helping families reduce the cost of summer a...
26/06/2026

The Government's temporary Great British Summer Savings scheme is now live, helping families reduce the cost of summer activities.

Until 1 September 2026, eligible businesses can apply a reduced VAT rate of 5% instead of 20% on qualifying:

- Children's meals in restaurants
- Children's and family cinema and theatre tickets
- Admission to many attractions, including theme parks, zoos, museums and soft play centres.

Many well known attractions and restaurants are taking part, although participation and the savings passed on to customers may vary by business.

If you're planning family days out this summer, it's worth checking whether your chosen venue is participating before you book.

Planning a trip? A quick check could help you save more than you think.

Source: GOV.UK

The Capital Gains Tax allowance has fallen from £12,300 to £3,000.That means more taxpayers could now face a CGT bill wh...
24/06/2026

The Capital Gains Tax allowance has fallen from £12,300 to £3,000.

That means more taxpayers could now face a CGT bill when selling investments, second properties or other chargeable assets.

If you're considering disposing of an asset, now may be a good time to review your position and understand the potential tax implications.

Need guidance? Get in touch K2 Accountancy Group

King Charles is set to become the first modern British monarch to publicly disclose his personal tax bill as part of a w...
22/06/2026

King Charles is set to become the first modern British monarch to publicly disclose his personal tax bill as part of a wider push for transparency around royal finances.

The announcement is expected to provide greater insight into tax paid on personal income, investments and profits generated through private estates, marking a significant shift in how royal finances are reported.

While the circumstances are unique, the move reflects a broader focus on accountability and transparency in financial matters.

Most taxpayers won't be reporting income from a Duchy, but understanding your tax position, maintaining accurate records and planning ahead remains just as important!

Source: Financial Times

Match Day is here!Every successful team needs strong leadership, a solid defence and a creative midfield.Tonight, we're ...
17/06/2026

Match Day is here!

Every successful team needs strong leadership, a solid defence and a creative midfield.

Tonight, we're backing England as they kick off their tournament campaign.

Good luck to the Three Lions from everyone at K2 Accountancy Group, especially our very own Team Captain, Kym, leading from the front.

Come on England!

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