During the last year, we have identified the following savings for our Plymouth Business Network clients:-
- Letting Agent – Had to VAT register. Using FRS we managed to save them £2,000 per year
- Publisher – By carefully planning the partners remuneration, we produced savings of £2,300 a year
- Chimney Sweep – By changing the business structure to a Limited Company, savings of £1,500 per year were identified
- Drainage Company – Changing the way the business accounts for the its motor expenses produced savings of £6,200 per year.
- Home Improvement Company – £15,548 was saved in Year 1 through incorporating this company
- IFA – By claiming reliefs available for ‘sleeping partners’, we were able to claim a £10,000 NIC refund. Savings in tax over 1 year via incorporation have been £6,376
- Gardening Company – By helping to raise finance for new equipment, we helped secure a contract worth £56,400 during 2013
The total savings for this particular block of clients is a grand total of £100,324.