Author Archives: Rachael Carey

We have finalised the design for our exciting new brand. Watch this space for updates …

A review of the capital allowances being claimed by a client produced tax savings of £7,790. This actually stopped the client from paying any tax this year! We implemented planning for a client 3 years ago that has now saved them in excess of £100,000 in tax! We’re guessing they’re off to the Maldives for their hols … Andy helped a client to complete their tax credits renewal correctly after HMRC had reduced their tax credits by £50 per week by using estimates of income.

He has advised a client on the best method of purchasing a new company vehicle. By taking this advice the client will save £500 of tax annually. He helped a client save £365 in VAT by calculating the amount they pay using the Flat Rate Scheme. (If you think YOU could benefit from the Flat Rate Scheme, and would like us to review your position, please get in touch!). He reviewed a client’s accounting records, and gave them some tips for the future which could save them hundreds of £’s in Corporation Tax each year.

On 4th September, we are sponsoring a seminar in Plymouth that uses a case study to show how one small business got an extra £2.3 million to keep and spend in any way they wanted, and how other businesses can get broadly similar results. The speaker is Steve Pipe – a Chartered Accountant who, according to LinkedIn, is one of the 3 top speakers in the UK and the most highly rated accountant in the world. We have worked with Steve for just over 12 months, and are really excited, as this is the first time he has presented this in Plymouth. (You can see the 340+ recommendations for him on his LinkedIn profile here: www.linkedin.com/in/stevepipe

New client came in on Wednesday, worried about her tax affairs and whether she had completed her last two returns correctly. By Friday evening, we had identified over £3,000 of tax refunds for her, which covered our fees 3.5x over.

Two new clients taken on this week – Welcome to Caroline and Donald!

Well done to Emily (and the relevant clients). This month’s VAT returns have all been filed with 12 days to spare – a record! For those of you with June quarter ends, you know what to do! Using our systematic ‘Accounts Finalisation’ approach, we have identified a saving of over £2,900 that could be enjoyed by a client next year … … and another client has benefitted by a tax saving of £4,703 from claiming additional capital allowances, identified by using the same checklist.

By ensuring that a client received their payments without deduction under the CIS scheme we have helped to improve their Cashflow by £5,000 per month (Not to mention the £10,000 per month cash flow advantage of the VAT scheme recommendations that we made recently!)

We are helping our clients improve their cash flow by introducing them to a highly efficient, low cost Direct debit provider. If your cashflow needs improving, get in touch and we can run through the nine ways to put more cash in YOUR pocket.

Three quick successes to report from last week … By amending the way in which a client valued their investments within their company accounts we secured a corporation tax saving of £1,500 By ensuring that a client was remunerated in the most efficient manner we saved him over £2,000 in National Insurance By identifying an alternative method of remuneration for a client, we offered them potential tax savings in excess of £7,000