Be on your guard!
HMRC are overriding previously advised income figures for tax credits with figures filed under the RTI system, therefore double check your income on your annual declaration! **Case study – A client had told the tax credits office in April that their income was £18,000, split between dividends & salary. The RTI filings only showed a salary of £7,680 so they reduced it on his tax credits claim and increased the payments!
VAT Scheme
Through reviewing the VAT scheme used for a client Andy has identified a method of deferring £10,000 of VAT per quarter.
Another AYR success
(Our bespoke AYR review – This month’s competition prize!) A young couple who wanted to get control of their finances contacted us and asked Steve for his help. We had a great meeting with them, running through our standard budget sheet, showing them how to use it, and answering their questions as they arose. Looking at their current expenditure, and introducing them to other providers, helped them realise significant savings. A couple of weeks later, they emailed us to say how helpful it had been, and now they have made some lifestyle changes to allow them to pursue what they feel is most important to them. This is what they said: “Spent the morning going through the budget you gave us and wishing we’d done this sooner! Will let you know how it all goes, but at the moment it’s a happy end result! Thank you so much! Jess and…
An opportunity to join our amazing team at Numbers!
Business Administration Apprentice This is an exciting opportunity for a Business Administration Apprentice to work for our dynamic accountancy firm, based in Saltash. We are looking for an enthusiastic person, who catches our vision for the firm, who takes initiative, will learn quickly, and be motivated to improve whatever we give them to do. The right candidate would be inspired to systemise, and grow their role. Responsibilities: Organise and file company documents correctly. Manage company databases. Answer incoming phone calls. Respond to incoming email enquiries. Manage our social media platforms – Twitter, Linked In, Facebook, YouTube, blogger, and Scoop It. Assist in organising and running seminars, and events. Assist in our marketing strategy. Assist other team members when required. General office duties. Vacancy Title: Business Administration Apprenticeship. Working Week: Monday to Friday 09:00-17:00 30 minutes lunch break per day Rate of Pay: £2.68 per hour (NMW for first year apprentice)…
Monthly competition!
Competition for June = “N” is for … As you think about us as a firm, or maybe as you think of what you would like us to be doing …what would that ‘N’ be for you? The prize winner will receive a free AYR review worth £350. Contact us at buildwealth@numbersltduk.com and leave your name, email address and your “N” is for … submission. We will be choosing the winner on the last Friday of the month and will contact you then if you have won! Look out for our regular monthly competitions – you could be in with a chance of winning!
Committed to making your life better
Lodge holders saved over £10,000 following Steve’s examination of their service charge statements last week Over £1m of savings identified by Steve for a client looking to pass on their business to the next generation of managers. Emily saved two of our clients a late filing fine of £150 each, by ‘jumping’ on their accounts as soon as the information arrived in the office.
Congratulations to our clients …
Maitlands won three awards at a recent, national Estate Agents Conference.
…and to two of our team
Andy passed a Xero examination last week, and is now accredited as an advisor on this cloud-based accounting software Our newest team member, Oskar, passed his recent Cost and Revenues exam on Friday with a mark of 98%. We think this is brilliant!! Well done Oskar!
Out and about ‘Up North’!
Last week, Steve attended the AVN Advancement group workshop that launched the next stage of our development. It was good to meet up with likeminded accountants that are commited to making their clients lives better in every resect. Oskar was the only apprentice to attend an AVN workshop last week. Seems we lead even the best in at least one area!
£££ Savings
Steve identified tax savings of over £1m for a client looking to pass on their business next year! His first £1m saving in any single project. HMRC agreed our share valuation that is a crucial part of another succession plan. By reviewing a clients motor expenses and claiming for mileage, a tax saving of £800 was made. By planning how a husband & wife held their investments we identified a way in which an additional £413 per month could be extracted from their company. Andy helped a subcontract building firm apply for a tax clearance with HMRC, which will boost their cashflow by £8,000 per month once agreed. AND … leading by example, Andy filed his own tax return – and got a tax refund!