Category Archives: News

Are you claiming all available employment allowances? This week Andy managed to save a client £772 in income tax purely by ensuring they claimed all relevant allowances.

Steve met with a client who was keen to set up his family, but wanted to avoid punitive rates of capital gains tax on the sale of a freehold premises. Steve was able to calculate the gain, and show the client how he can shelter the gains by using the funds he is raising. This delighted his son and daughter-in-law who can now develop their own business with a firm foundation.

Steve’s third meeting of last week was with an existing client. He is helping to launch a major initiative in Cornwall, and needed some help in deciphering the project cashflow forecast prepared by another accountant. Trusting Steve due to his previous work with us, he showed Steve some highly confidential projections, and now understands that the project could be as good as he initially thought.

Andy has regular ‘Geek Time’ blocked out in his work calendar, so that he can continually look at streamlining processes within the office – and look for great new ideas for our clients too. From March, we will be using @IgnitionApp to make our engagement process 100% paperless (And less painful for the admin team!). And we will be rolling out a series of fresh tech ideas in the very near future. Keep an eye out!

This is not a football metaphor, but Steve met with a potential client and showed him a way to pay off his £75,000 mortgage within three months! (And reminded him to protect it by getting a will drawn up too!)

Sometimes, the right thing to do means we lose out. Steve met with two potential clients this week, and found a way to cut their accountancy fees, by recommending other routes to the goals they want to achieve. We can achieve our goal of Making Lives Better, sometimes without taking any fees! Put us to the test, as we’ll only suggest you use us if it’s best for you.

A family wants to pass on the property from which the business trades but Dad wants a lump sum to retire on. Steve has found a way to deliver massive tax savings, and set the foundation for some tax-free gains in future. This was done in our reception area so you may not need a long meeting to benefit from our experience!

January is now in full swing – and so is ‘tax return season’! The team at Numbers are diligently completing tax returns for our clients, and after each one they receive a reward. Last year we had the opportunity to pop a numbered balloon (we loved it!), and this year we choose an envelope … Have a quick look at these pictures to find out more about these envelopes … (Rachael – jokingly – offered to pay the team in chocolate this month!) Call to action – If you haven’t yet sent in your tax return information, now is the time to do it, since we can’t guarantee submission for late provision of info!

Back in the summer we implemented some bespoke tax planning for a client, and this week we were able to confirm that they had saved a whopping £87,596 in combined Corporation & Income Tax savings! Cashflow can be tight after Christmas, so make sure you review your self-assessment payment on account due in January. A review for one client enabled us to lower the amount they need to pay by £6,250. Thinking of changing your vehicle in the new year? Make sure you speak to your accountant. By ensuring that one client purchased the correct commercial vehicle we ensured that he will receive a 100% tax deduction this year, saving £4,996 in corporation tax. Did you know that if a customer doesn’t pay you after 6 months, you can claim ‘VAT Bad Debt Relief’ and claim back the VAT you have previously paid to HMRC? One client didn’t, and now…

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The team at Numbers – and our fluffiest team member, Molly – wish all our friends A VERY HAPPY CHRISTMAS AND BLESSED NEW YEAR!