Insight

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

Well done to two of our team who are studying towards a professional qualification! Rachael has achieved another high mark in her latest assignment (counting towards her degree in Business Management) – one mark off the top mark at 82%. Reece has also passed another exam in his AAT studies – ‘Preparing final accounts for sole traders and partnerships’. Only one more exam to pass before he completes AAT Level 3! He has also passed the XERO exam, and is now a certified XERO advisor – along with many of our team.

Have you ever considered the benefits of keeping your accounts up to date regularly? Last week we identified £4,800 of unpaid invoices for a client, which wouldn’t have been picked up on if we weren’t completing regular financial checks for them. The business received payment of the outstanding debt within 4 hours! Whenever we engage with a new client we take the time to review their previous financials. Last week this resulted in a client benefitting for £2,115 of additional VAT deductions which had been overlooked by our predecessor.

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!

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.

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!

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.

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!

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!

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.