Christmas Top Gear Challenge
This December we have delighted our team, our clients, and our visitors, by bringing in the Scalextric track. How far will YOU get up the Top Gear leader board (Our team are quite competitive …)? And there’s a prize for the winner. Pop in for a go if you’re passing!
Farewell, and Welcome!
As one team member moves on, another joins us. We said farewell to Lois on Friday, and we say hello to Lindsey on Tuesday. Come and say hello to Lindsey when you can. Lois has relocated to Taunton where her fiancé lives and works.
New client
We welcome Penny as a new client. We’ve managed to cut her fee and improve the service she was(not) getting. We are looking forward to working with her to help grow her business!
Taking the burden
Geoff used to do his own VAT returns, but the increasing use of technology has made this difficult for this very busy man. We were pleased to take over responsibility from him, and free him up to concentrate on the really important things. If you would like us to free you from the drudgery, we’d be happy to help.
Cutting your taxes
Richard runs a very successful business that is seasonal in nature. Every year he struggles to pay his tax because the bill arrives in his quiet season. We have implemented a restructuring plan which not only cuts his bill, but allows us to choose when it falls due, improving his cashflow and sparing him from his annual fight with HMRC!
Helping other professionals
We met with two partners from another professional firm last week, and we are delighted that they’d like us to be their tax advice line! Details need to be sorted, but we are pleased to be entrusted with their clients – and humbled that they chose us!
Steering you through the minefield
Did you catch our live coverage on the Autumn Statement? If not, you can still request a copy of our action plan for SMEs. Complete the “get in touch” form and ask for a copy. There’s a particularly nasty change to the VAT flat rate scheme which may make it uneconomic for some SMEs.
Simple Stuff That Works
After completing our Simple Stuff That Works workshop with Ross and John 6 months ago, and identifying some changes needed within the business, we were delighted to see that their 6 month results showed an 88% increase in turnover, with the cost savings we identified helping them turn this into a whopping 552% increase in profits. Do you complete a regular review of your key financial stats within your business to identify any issues arising? If you think this would benefit you, talk to us about our Monthly Health Check – our clients love it.
Autumn Statement 2016
Philip Hammond has delivered his first Autumn Statement. From 2018 onwards, he will use this will be replaced by the budget speech. The reason is to give us all more time to prepare for the tax changes that will come into effect in the April. This is a good idea, and one which the tax profession has been requesting for a long time. The budget speech will be renamed the Spring Statement, so we will still have two set piece announcements that have the potential to change the tax landscape. So what did he announce today? It was fairly dull. In truth, he had little room to manoeuvre. Economic growth and forecasts Issue: Brexit has made the outlook more uncertain, and this is reflected in the growth forecasts issued by the OBR. Growth will hover around 2% per annum for the foreseeable future. Action: Business owners must implement their own…
Good work from the team – Making Lives Better for our clients!
Steve David met with Steve a couple of weeks ago to discuss the closure of his unwanted company. Steve took him through the process, and developed a plan that will save him between £3k and £5K of professional fees. John arrived for a meeting completely confused about a complicated tax position he entered a few years ago. Steve took on the task of getting some clarity over his options, which meant he left the office knowing it would all be sorted out. Dan met with Steve to finalise his business’s 5-year development plan. Covering things like sales growth, market share and exchange rate exposure, halfway through the meeting Dan said “this is exactly why I employed you guys. To help me drive the business forward”. Following a meeting with 3 of the four directors of a company in the digital sector, Steve signposted some additional sales training for the MD.…