‘The Numbers’ workshop
Three attendees from our recent seminar attended their follow up workshop. Average profit improvement identified BY THEM was over 2,000%. In one case, a loss was turned to profit, in another the owner’s unaffordable drawings were shown to be achievable and in the third, profits could be more than doubled. Have you contacted us to book your place? In addition to the improved profits identified – and to their delight – we treated them to a cream tea. Our team were thrilled to be treated too!
Tax returns
The team are having fun popping the ‘motivational’ balloons in our office. One balloon is popped for each tax return completed. You might be able to catch a glimpse of them as you drive past our offices!
We have a very happy team
Our team were all crowding around the ecstatically happy on our Mood Board last Monday when we revealed our gift to them … corporate membership of the China Fleet Country Club. They are all keen to start using the gym, pool, spa facilities, and much more.
Nil accountancy fees for our new client!
Whilst reviewing a new client’s VAT return yesterday we found £5,620 of historical errors due to miscoding of transactions. So we’ve almost paid for ourselves already!
Struggling to raise funds?
By using our alternative funding sources we managed to raise finance of over £30,000 to allow a client to spread their liabilities over a manageable period. Are you struggling to raise funds with your bank? Let us know as we can introduce you to our alternative lending providers.
Tax Investigation Insurance
We had another “clean” PAYE visit from HMRC for one of our clients. This was fully funded by our tax investigation insurance. Please call us if you would like to find out more about this service.
£Zero Corporation Tax Liability
By utilising Corporation Tax loss rules, along with capital allowance claims, we have managed to reduce a £3,700 corporation tax liability to £Zero. Our client is thrilled with the outcome!
Credit Issues?
By working with a local mortgage adviser we managed to assist a client with significant credit issues to remortgage their home and save them £77 in monthly repayments, whilst also raising £5,000 of capital. They sleep easier these days.
Zero Rating
Whilst chatting with a client we discovered that his builder had been charging him VAT on work that was being completed on his new build property. We advised that this work should be Zero Rated, and as a result kept £2,000 in his account rather than in his builders. Always a good thing!
2016 Challenges for SMEs
Big changes The summer 2015 budget introduced the biggest changes in SME taxation for over 20 years. In summary, there will be a significant increase in most business owners’ tax bills. This brief note is to outline what those changes are, and what the likely impact will be. And of course, because we are who we are, there are some suggestions on how you could mitigate some of the increases. But first some accounting news…. Accounting changes New accounting rules mean change in the way some assets and liabilities are measured, and how changes in valuations have to be accounted for. This could mean that reported profits are much lower in future, even with the same underlying performance. FRS102 took effect from 1 January 2015, but only applied to SMEs after the FRSSE was withdrawn in July 2015. FRS102 applied to SME accounts from 1 January 2016, but you…